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The public sector unit has lost crores of rupees because of its inefficiency to complete hydel projects on time.
Heavy downpour has forced the state authorities to open 12 dams in the state including the Malampuzha dam.
The KSEB has denied allegations that devastating flash floods were caused by the sudden opening of the sluice gates of the hydel power reservoirs in the eastern parts of the state.
The water level in Idukki dam remained at 2396.88 feet on Tuesday morning after two shutters of allied Cheruthoni dam were closed Monday night.
Chief minister Pinarayi Vijayan, after a high-level meeting to take stock of the situation, had said the situation was 'extremely grave'.
It could be for the first time that such a large number of dams have been opened together., says Kerala Dam Safety Authority chairman.
Government shelves five of the 20 private small hydel projects announced.
Authorities have asked those living along banks of Periyar River to stay vigilant.
Water level is rising in Banasura dam and Karapuzha reservoirs in Wayanad and shutters have been already raised at the latter.
The lush green countrysides, serene beaches, historic sites, wildlife sanctuaries, rivers, hills and a unique culture of warmth, hospitality and compassion make Kozhikode a favourite travel destination.