After an abortive attempt to find out potential bulk customers for the surplus hydel power it generates during the off peak hours, Kerala State Electricity Board (KSEB) has hit a jackpot this time. The board has signed agreement with National Thermal Power Corporation's trading arm NTPC Vidyut Vyapar Nigam Limited (NVVN) for the sale of 400 MW power for a month from October 1 at the rate of Rs 4.35 per unit. As per the deal finalized on Saturday, the board would be able to rake in around Rs 835 crore in a month.
"We have inked an agreement with NVVN. The NVVN participated in the bid with an objective to sell off the same to nearby Tamil Nadu, which is reeling under acute power shortage following a sudden and sharp dip in the wind energy production," sources in the board said. Ever since the onset of heavy monsoon in June this year, the hydel stations of KSEB is running on its full potential and the board has been selling power during off peak hours through exchanges at varied rates on a daily basis.