Monday, February 20, 2012

Ceylon Electricity Board to lose Rs. 34 billion this year

Sri Lanka Minister of Power and Energy Champika Ranawaka says that the loss to the country's power monopoly Ceylon Electricity Board is Rs. 34 billion.

The Minister said that the 23% hike of electricity tariff through fuel adjustment is insufficient to cover the loss.
The Minister pointed out that 85% of the electricity generation of the country depended on petroleum.

The loss to Ceylon Electricity Board this year had been calculated as Rs. 40 billion before the petroleum price hike. However, the fuel adjustment added to the electricity tariff has helped the board to minimize the loss.

Meanwhile the report of the committee appointed by Sri Lanka Minister of Power and Energy to look into the causes of frequent breakdowns of the Norochcholai Coal Power Plant is near completion now, Ministry of Power and Energy sources say.

The report is expected to be handed over to the Minister of Power and Energy by the end of this month.
The committee was assigned to probe whether the breakdowns are caused by technical problems, maintenance drawbacks or disruptive acts.

The power plant broke down on January 21 nearly a month ago. The plant was not in operation for weeks time a month ago to this breakdown. Share this article

Digg Google Bookmarks reddit Mixx StumbleUpon Technorati Yahoo! Buzz DesignFloat Delicious BlinkList Furl

0 comments: on "Ceylon Electricity Board to lose Rs. 34 billion this year"

Post a Comment

Thank you for your comment!

Related Posts Plugin for WordPress, Blogger...