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The Kerala State Electricity Board (KSEB) has approved a capital investment of ₹64.78 billion (~$721.75 million) for the fiscal year 2026-27, an increase from ₹47.89 billion (~$533.62 million) for 2025-26. The budget includes allocations for power generation, transmission, distribution, IT systems, and infrastructure projects, subject to government fund release.

The generation segment is allocated ₹8.49 billion (~$94.5 million), primarily for hydropower projects such as Mankulam and Thottiyar. Thermal generation will receive ₹30 million (~$334,000), and ₹2.80 billion (~$31.1 million) is set for renovating existing hydel stations.

KSEB has also allocated ₹11.75 billion (~$130.7 million) for transmission infrastructure, with ₹5.99 billion (~$66.6 million) for TransGrid 2.0 projects. The Kerala State Electricity Regulatory Commission mandates that intrastate projects over ₹2.5 billion (~$28.2 million) must use tariff-based competitive bidding.