Lankapage Logo CP 22 YEARS
Go Home Home Serving the Sri Lankan community globally since 2000
go to LankaPage.com

Leading News from Sri Lanka::

* Cabinet approves hike in electricity tariffs next year to cover losses incurred by CEB
Wed, Nov 30, 2022, 09:23 pm SL Time, ColomboPage News Desk, Sri Lanka.

Nov 30, Colombo: In order to cover the loss, the electricity board should increase the electricity tariff, representatives of the Ceylon Electricity Board have explained to the National Council Subcommittee on Identifying the Short and Medium-Term Programs related to Economic Stabilization.

Although the electricity tariff has been increased in the past, it is not sufficient to cover the losses of the Electricity Board and therefore, the request to increase the electricity bill has received cabinet approval, the Sub Committee of the National Council was told at its meeting held yesterday (Nov. 29) under the Chairmanship of MP Patali Champika Ranawaka.

Accordingly, the Cabinet has approved to increase the electricity tariffs under two steps in January and June 2023 and the relevant measures are to be taken for the purpose of obtaining approval of the Public Utility Commission, said Rohan Seneviratne, Additional General Manager of the Electricity Board.

The representatives of the government and private institutions related to the power sector were called before the Committee to obtain proposals for the purpose of solving the issues in the power sector.

In order to cover the current loss, the electricity bill should increase by about 70%, the CEB representatives said.

The chairman of the committee also pointed out the dangers such as the collapse of businesses even if the electricity tariffs are increased with the aim of covering the losses of the electricity board.

It was also disclosed that the Electricity Board currently owes nearly 650 billion rupees as loans to various parties including banks and electricity suppliers.

Electricity Board representative stated that out of the amount to be paid, nearly 35 billion rupees are to be paid to the organizations that supplied renewable energy and 75 billion rupees are to be paid for Thermal power suppliers. Thus, it was said that it is expected to least make part payment to the suppliers from the 50-billion-rupee loan expected to receive.

The representatives of the renewable energy sector including solar energy and the representatives of other private institutions related to the power sector briefed the committee about their concerns and the reforms that should take place in the power sector.

The State Minister for Power and Energy Indika Anuruddha was also present at the Committee meeting held. The state minister, who joined the discussion with the representatives of the power sector, said that he would work to provide solutions to these problems.

State Minister Sivanesathurai Santhirakanthan, Members of Parliament Mano Ganesan, M. Rameshwaran were present at this Committee meeting held.

 

ColomboPage - Recent 10 Stories ::
Two arrested for videoing the area around Parliament
-- [2 hours ago]
Government takes action to remove chairman of the Public Utility Commission
-- [2 hours ago]
Support from Japan to clean Beira Lake
Support from Japan to clean Beira Lake
Former UN Secretary General Ban Ki-moon to visit Sri Lanka
Foreign Minister Ali Sabry concludes official visit to Kingdom of Saudi Arabia
Another member of the National Election Commission receives death threats
Sri Lanka President warns of falling into crisis again if government programs disrupted
Government to release 100 acres of lands in the North to the original owners
Power regulator rejects a request from the Ceylon Electricity Board for power interruption

Copyright © 2000, 2020 by LankaPage.com (LLC) :
The news and other contents on ColomboPage are copyrighted property of LankaPage.com, 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 LankaPage.com, LLC. However, news organizations or broadcasters in Sri Lanka may republish the news items in ColomboPage with proper acknowledgment to ColomboPage.