Saturday, June 26, 2010

KSEB to ink pact with Korean firm

THIRUVANANTHAPURAM: Work on the Restructured Accelerated Power Development and Reforms Programme, envisaged for providing better services to consumers and enhancing the power utilities in the State, is expected to go on stream by July-end.

Kerala State Electricity Board (KSEB) chairman Rajiv Sadanandan told reporters here on Saturday that an agreement with the Korea Electric Power Data Company selected for implementing the programme within a span of 18 months, would be signed by mid-July after the company submitted a technical implementation plan to the board. Work on the programme will commence by next month-end.

The initial part of the scheme is for implementing information technology in the distribution sector of power utilities and the thrust of the second part is on reducing aggregate technical and commercial loss to the minimum level of 15 per cent. On completing the programme within the specific time, the entire loan allotted for the initial component and 50 per cent of the loan for the second part will be converted into grant.

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