Kerala to secure cheap power from Maharashtra's Sinnar project soon

Kerala is set to ink a power supply agreement with Maharashtra's Sinnar thermal project in the coming weeks, state Chief Minister Satheesan announced. The arrangement will provide electricity to Kerala at ₹5.18 per unit, offering significant savings compared to prevailing market rates.

The power purchase agreement represents Kerala's continued strategy to diversify its energy sources and secure reliable electricity supply at competitive rates. By sourcing power from outside the state, Kerala aims to bridge its energy requirements while managing costs effectively.

The Sinnar project in Maharashtra has been identified as a viable partner for long-term power supply arrangements. Officials indicated that the contractual terms are in advanced stages of finalization, with formal signing expected shortly.

Kerala's power sector has increasingly looked towards interstate agreements to supplement generation from its own hydroelectric facilities and renewable energy projects. The anticipated ₹5.18 per unit rate positions this deal favorably within the state's power procurement strategy, potentially benefiting consumers through more stable electricity costs.