Lankapage Logo Recent Top Stories
Go Home Home Serving the Sri Lankan community globally since 2000
go to

Leading News from Sri Lanka::

* Sri Lanka's state owned power authority to propose a electricity rate hike
Mon, Jan 28, 2013, 12:30 pm SL Time, ColomboPage News Desk, Sri Lanka.

Jan 28, Colombo: Sri Lanka's state owned power authority, Ceylon Electricity Board (CEB), plans to make a proposal to the Public Utilities Commission (PUC) requesting a revision of electricity tariffs.

CEB Chairman Dr. Wimaladharma Abeywickrema has said the proposal would be given to the PUC shortly.

The CEB is expected to seek the tariff revision following the decision by the Ceylon Petroleum Corporation (CPC) to increase the price of furnace oil used for thermal power generation by Rs. 25 a liter.

Abeywickrema has said the CEB is unable to pay the increased amount for the furnace oil.

He has explained that paying the increased amount would result in the CEB incurring an additional loss of Rs. 24 billion this year.

According to Abeywickrema, the only option was to increase tariffs. The CEB currently sells a unit of electricity to consumers for Rs. 17.50 when the cost of generating a unit is Rs. 21.

According to the Central Bank the CEB sustained a loss of 25.5 billion rupees in 2011 and loss of Rs. 45-50 billion is estimated for 2012 due to the increase in thermal power generation when the prolonged drought reduced hydropower generation.

ColomboPage - Recent 10 Stories
Sri Lanka Customs arrests Chinese national attempting to smuggle gems worth over Rs. 11 million
-- [3 hours ago]
Industrial and Technology Development super zone to be established in Kalutara
-- [4 hours ago]
Court lifts enjoining order against 'Usaviya Nihandai' documentary
-- [4 hours ago]
President's permission is mandatory in clearing forests, moving earth
-- [5 hours ago]
High level delegation of Belgian government to visit Sri Lanka next week to promote bilateral relations
-- [5 hours ago]
A Sri Lankan Tamil dies on the way to Tiruchi
-- [7 hours ago]
Fitch expects strong growth for Sri Lankan Telcos despite higher taxes
-- [7 hours ago]
Budget 2017 is a compromise - Finance Minister
Avant Garde Chairman granted permission to travel abroad
India not to object if Sri Lankan refugees in Tamil Nadu returning home voluntarily

Copyright © 2000, 2012 by (LLC) :
The news and other contents on ColomboPage are copyrighted property of, LLC. Any unauthorized use of any information on ColomboPage may constitute a violation of copyright laws. You need written permission to reproduce, republish, post, transmit, broadcast or distribute, material from this site from, LLC. However, news organizations or broadcasters in Sri Lanka may republish the news items in ColomboPage with proper acknowledgment to ColomboPage.