Thiruvananthapuram: KSEB faces stringent measures in response to a financial crisis impacting its regular operations. The Chairman and Managing Director (CMD) of KSEB has issued directives to defer the commencement of all projects not yet initiated and to trim existing ones. The current situation necessitates borrowing for the disbursement of salaries and pensions.
Under the new guidelines, funds will only be released for projects commissioned before March 31 in the ongoing initiatives. Furthermore, there is a directive to scale back projects scheduled to begin during the 2024-25 period. In an effort to address the deepening financial crisis, cost-cutting measures are being actively pursued, and strict instructions have been issued to refrain from initiating any new projects that have not yet commenced.
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