Sat Jan 04 13:37:14 UTC 2025: ## Kerala to Boost Power Generation with SBI’s Help
**THIRUVANANTHAPURAM, January 4, 2025** – The Kerala State Electricity Board (KSEB) is partnering with SBI Capital Markets (SBICAPS) to significantly increase the state’s hydroelectric power generation. SBICAPS, the investment banking arm of State Bank of India, will act as a transaction advisor for the development of new hydroelectric and pumped storage projects (PSPs).
This collaboration is a key part of KSEB’s ambitious plan to reach 10,000 megawatts (MW) of internal power generation by 2030. The project involves adding 1,478 MW through hydroelectric projects at an estimated cost of ₹11,746 crore and another 3,330 MW through PSPs, costing an estimated ₹16,751 crore. A total of 18 hydel projects and 10 PSPs are slated for development.
SBICAPS’s role will encompass developing bidding strategies, managing concession frameworks, inviting expressions of interest, conducting stakeholder meetings, and advising on project financing. The KSEB has already instructed its Chief Engineer (Projects) to finalize a memorandum of understanding with SBICAPS and initiate the Request for Proposal process.
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