CEB to suffer Rs.100 billion loss this year
The Ceylon Electricity Board (CEB) will lose nearly Rs. 100 billion this year, warns a top officials.
Despite rains, the CEB had lost Rs. 80 billion last year, and the situation would be much worse with high take of emergency power, he said.
Ceylon Electricity Board Engineers Union (CEBEU) President Saumya Kumarawadu told The Island that the country would have to depend on retired power plants and emergency power purchases until the new plants came up within the next five years or so.He said that some of the existing plants should have been retired 10 to 15 years ago and some plants kept for emergency purposes were running at full load.
However, Kumarawadu ruled out the possibility of power cuts after Monday (April 22), as the Randenigala reservoir was more than 80 per cent full while water levels at Rantambe and Victoria too were at satisfactory levels.
Ministry officials confirmed that Irrigation Department would not make use of the water from reservoirs due to current rains. Additional 180 MW are expected to be added to the grid.
However, the CEBEU Chief warned that the situation would not be rosy after mid May. “If seasonal rains don’t arrive as expected, situation be will much worse if a plant trips,” he warned.
(Source: The Island – By Ifham Nizam)
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Oh RK,
OH RK
BANK Then
CEB NOW
How much of this LKR 100 billion is going to RK’s Bank Account?
LKR 100 billion loss in CEB.
> LKR200 billion loss in Sri Lankan Airlines.
This is the problem when the Government, instead of governing the country, assumes the role of an enterprise.
The Public Servants in these institutions are not interested in returning profit to the taxpayer.
Sri Lankan Airlines is on the verge of being sold to UK based LTT funded Leicamobile.
Sell the CEB too to LTT funded Leicamobile.
Excellent comment Fiery,
Soon, Hon VP will achieve his dream of owning the country from his watery grave.
The dinosaurs who rule this country have no brains but to to sell all assets.
We should persuade Ahimsa Wickrematunge to be the next President.