CEB records Rs 6 billion profit in October
By Anuradha Hiripitiyage
The Ceylon Electricity Board (CEB) recorded a profit of six billion rupees in October, Electricity Users Association (EUA) Secretary Sanjeewa Dhammika told the media yesterday.Dhammika said that if the CEB increased the price of electricity again, the EUA would take legal action.
“There are 6.5 million users of electricity and I urge the Minister of Power and Energy not to take them for granted. Minister Kanchana Wijesekera, on Thursday, told Parliament that they will increase the electricity tariff again,” he said.
The CEB made a profit of six billion rupees in October. Electricity was produced using water, coal, and renewable sources, he said.
“The average cost of electricity production was around five rupees. A unit of electricity was sold at around 32
rupees. The Minister says they are still making a loss. The Minister has no power to increase tariffs. The Public Utilities Commission of Sri Lanka (PUCSL) can only increase the tariff. The current Minister has said there is no need for a PUCSL. He wants to increase tariffs the way he wants, without oversight. We won’t allow that to happen. Apparently, he has asked the Cabinet to review tariffs, once in six months,” he said.