The Kerala State Electricity Regulatory Commission (KSERC) has granted approval to Kerala State Electricity Board (KSEB) to issue tenders for development of solar PV power projects of capacity 200 MW in the state on independent power producer mode. KSERC has proposed the following for the proposal submitted by KSEB:
- The minimum solar power capacity to be developed should be 1 MW instead of 5 MW.
- The solar power generator should be able to attain financial closure within 12 months from the date of issuance of Letter of Acceptance (LoA) instead of the date of execution of the power purchase agreement (PPA).
- The project should be commissioned within a period of 21 months from the date of LoA instead of the date of execution of the PPA.