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* Sri Lanka power authority loses over Rs. 2 billion last year due to failing power plant
Wed, Jan 15, 2014, 10:05 pm SL Time, ColomboPage News Desk, Sri Lanka.

Jan 15, Colombo: Sri Lanka's state owned power supplier, the Ceylon Electricity Board (CEB) says it has incurred a loss of over Rs. 2 billion last year due to the frequent failures of Norochcholai coal power plant.

A CEB report has stated that the repeated breakdowns at the plant had resulted in a loss of Rs. 2.83 billion in 2013.

Details of the report published in the local media said that the power plant was shut down for 72 days in 2013 and that the CEB had spent Rs. 2.19 billion to purchase additional power from private thermal power plants.

The plant has also been partially operative for 43 days last year resulting in the CEB spending Rs. 640 million to purchase power from private suppliers to meet the shortfall.

The China-built power plant is currently experiencing yet another breakdown and reports state that the CEB engineers might seek assistance from Indian engineers to address the problem.

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