25 November 2023 12:00 am Views - 90
By Ajith Siriwardana and Yohan Perera
The Ceylon Electricity Board (CEB) has received an additional income of Rs. 16 billion last month as hydropower generation took place at full capacity due to heavy rains, Power and Energy Minister Kanchana Wijesekera said yesterday. He told Parliament that a similar amount of income or something more than that was expected this month also as reservoirs have reached full capacity and hydropower is generated at full capacity.
The Minister said the additional income would be used if a drought situation prevails in December, January and February as predicted.
However, he said the CEB had incurred an overall loss of Rs. 12 billion in the first ten months of this year.
The Minister said steps would be taken to do a tariff revision and provide relief to the people if there was an additional income after finalising the balance sheet ending on December 31.
“After finalising the balance sheet on December 31, I will take steps to inform the cabinet and do a price revision if there was an additional income,” he said.