Kerala State Electricity Board (KSEB) will set up a 400MW LNG-based power plant at Brahmapuram. Board chairman M Sivasankar said the estimated cost is around Rs 3,200 crore and KSEB would fund the project on its own.
"We had to shell out Rs 7,800 crore to purchase power last year. On an average,we spend Rs 700 crore per month to purchase power. So we should not have any problem to mobilize funds for a power generation unit which will significantly ease our power shortage," he said on the sidelines of a function held to inaugurate the KSEB energy innovation zone at the start-up village in Kochi .