The Kerala State Electricity State Electricity Regulatory Commission (KSERC) has granted approval to the Kerala State Electricity Board (KSEB) to buy 90 MW of solar electricity from NTPC for a period of 25 years at a discounted price of Rs 2.77/kWh. The Commission asked KSEB to finalise the power purchase agreement (PPA) quickly. NTPC had petitioned KSEB to sign the final PPA for 90 MW of solar electricity at Rs 2.97/kWh, which was eventually decreased to Rs 2.77/kWh after the two parties came to an agreement.
In April 2022, Under the Pradhan Mantri Kisan Urja Suraksha evam Utthaan Mahabhiyan (PM-KUSUM) feeder level solarisation programme, KSEBL invited bids for the appointment of engineering, procurement, and construction contractors to develop 11 MW of ground-mounted, grid-connected solar power projects at various locations in Kerala. The total project cost is approximately Rs 500 million.