The decision was taken at a board meet of the corporation recently taking the total number of private projects for whom loans have been sanctioned to 16 and the total loans sanctioned has reached Rs 2,615 crore, sources told UNI. The PFC sanctioned Rs 99 crore to BKPL for setting up a 165 mw naphta-based combined cycle power plant at Udyogmandal, Kochi.

Bkpl was set up with an authorised capital of Rs 115 crore and paid-up capital of Rs 76.88 crore of which BSES contributed Rs 61.50 crore and KSIDC Rs 15.38 crore. The main objective of BKPL is to establish, operate and maintain electricity generating station besides other related activities.

In order to bridge the gap between demand and supply of power, the Kerala governmentlaunched an emergency action plan to ensure generation of 400 mw of power within a a short period of time by setting up small power plants in the private sector. Bids were invited by Kerala State Electricity Board (kseb) and KSIDC for setting up power plants at ten locations. BSES was elected for setting up project in two locations namely Ernakulam and Thiruvananthapuram districts.