The steep shortfall in power generation is bleeding the Kerala State Electricity Board (KSEB). Being deprived of other options, the board has decided to inform the government that it was suffering a daily loss of around Rs.5 crore and monthly loss of Rs.150 crore and also seek its opinion on imposing fresh curbs. The board approved the annual figures of 2011-12 with a revenue gap of Rs.1,934 crore.
The crisis was mainly on account of the acute deficiency in power generation from the hydel stations in the State. Crisis management was the main item on the agenda of the full board meeting held on 03-08-2012 for reviewing the precarious power situation in the wake of scanty monsoon and lowering of water level in the reservoirs.