Kerala State Electricity Board
 |
|
| Public Sector Company | |
| Industry | Electricity generation, transmission, distribution |
| Founded | March 31, 1957 |
| Headquarters | Thiruvananthapuram, Kerala, India |
|
Area served
|
Kerala, India |
|
Key people
|
Elangovan Chairman & Managing Director |
| Products | Electricity |
| Website | kseb.in |
Kerala State Electricity Board Ltd (KSEBLtd) is a public sector agency under the Government of Kerala, India, that generates,transmits and distributes the electricity supply in the state. Established in 1957, the agency comes under the authority of the Department of Power.
The Kerala State Electricity Board, constituted by the Government of Kerala, by order dated 7.3.1957, under the Electricity (Supply) Act, 1948 is in the business of Generation, Transmission and Distribution of electricity and striving to provide quality electricity at affordable cost to all classes of consumers in the state of Kerala. As per section 172 (a) of the Electricity Act 2003 and as mutually decided by the Government of India and Government of Kerala, KSEB has continued as Transmission utility and Distribution licensee till 24-09-2008. In exercise of powers conferred under sub-sections (1), (2), (5), (6) and (7) of section 131 of the Electricity Act, 2003, State Government vide the notification G.O (Ms).37/2008/PD dated 25 September 2008 has vested all functions, properties, interests, rights, obligations and liabilities of KSEB with the State Government till it is re-vested the same in a corporate entity. Accordingly, KSEB has been continuing all the functions as a Generator, State Transmission Utility and a Distribution Licensee in the State. Kerala State Electricity Board commenced functioning on 31-3-1957 After Noon as per order no. EL1-6475/56/PW dated 7-3-1957 of the Kerala State Government. It had 5 members with Sri K P Sreedharan Nair as Chairman. All the staff belonging to the erstwhile Electricity Department was transferred to the Board. The 'Board' consisting of the Chairman and the Members is the Supreme Governing Body. The State Government by their notification EL3-9345 dated 21-2-1958 constituted the State Electricity Consultative Council under section 16 of the Electricity Supply Act. The Council functions as consultative body and the Board is required to place before the council the annual financial statement and supplementary statements if any before submitting such statements to the State Government. The 'Board' consisting of the Chairman and the Members is the Supreme Governing Body. The Board consists of seven members and is headed by the Chairman. The Government of Kerala and KSE Board issued orders for the restructuring of KSE Board into profit centers in April 2002. Members head the profit centers. There is a Corporate Office to co-ordinate and control the activities of the Board.
After the enactment of Electricity Act, 2003, KSEB has been functioning as the State Transmission Utility (STU) and a distribution licensee w.e.f 10.12.2004 under section 172(a) of the Electricity Act, 2003. The Central Government had approved the continuation of KSEB as a State Transmission Utility & Licensee only up to 24.09.2008. In exercise of the powers conferred under sub-sections (1), (2), (5), (6) and (7) of section 131 and section 133 of the Electricity Act 2003 (Central Act 36 of 2003) the Government of Kerala had issued notification vide G.O. (MS) No.37/2008/PD, Dated, Thiruvananthapuram, 25 September 2008 for the purpose of vesting of functions, properties, interests, rights, obligations and liabilities of the Kerala State Electricity Board in the State Government on such terms as agreed to by the Kerala State Electricity Board and the State Government and re¬vesting thereof by the State Government in a Corporate entity and also for the transfer of Personnel of the Board to the Corporate entity and for determining the terms and conditions on which such transfers and vesting shall be made. Accordingly, with effect from 25.09.2008, all the functions, properties and all interests, rights in properties, all rights and liabilities of the Board are vested in the State Government.KSEB was converted to Kerala State Electricity Board Limited in 2014. The original KSEB was dissolved and its assets and liabilities were transferred from government to the newly formed company KSEB Limited
...
Wikipedia