UNP says CEB made profits

The opposition United National Party (UNP) says the Ceylon Electricity Board (CEB) had made profits during the first five months of this year and is in a position to reduce electricity tariffs.

UNP MP Sajith Premadasa said that the CEB had made a profit of approximately Rs. 27 Billion from hydro power generated between January and May this year.

Premadasa noted that the CEB had at one time claimed the use of fuel to produce electricity was costly and this was one reason the electricity tariffs had to be increased.

However he says there was a 115 percent increase in the generation of hydro power during the first five months of this year and so electricity can be given to the consumer at a lower rate.

“With heavy rain experienced even today at hydro catchment areas the CEB has been able to gain profits,” he said.

Premadasa urged the CEB including Power and Energy Minister Pavithra Wanniarachi to take measures to reduce the electricity tariffs. (Colombo Gazette)

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