Rainy Weather Hydropower generates Rs.16Bn additional income for CEB; will electricity prices be reduced?

• CEB reports an overall loss of Rs. 12Bn in the first ten months of the year

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.     

• 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