The Kerala State Electricity Board (KSEB) lost ₹56 crore on account of the 14-month delay in taking over the Maniyar small hydroelectric project (SHEP) from Carborundum Universal Ltd., senior Congress leader Ramesh Chennithala alleged on Thursday. He demanded a high-level probe into the reasons for the delay in taking over the 12 MW unit.

The 30-year Build, Own, Operate, Transfer (BOOT) contract with Carborundum had expired in December 2024. Instead of allowing the KSEB to assume control of the 12 MW unit then and there, the government had permitted the private company to continue generating power and selling it.