News

CEB warns of serious crisis if tariffs not increased

13 Feb, 2023

The Ceylon Electricity Board (CEB) today warned of a serious crisis if the demand for an?increase in electricity tariffs is not approved.??

The Public Utilities Commission of Sri Lanka (PUCSL) is to announce, on Wednesday, its decision over a request made by the Ceylon Electricity Board to increase tariffs.

The matter was discussed when the National Council met today (13) under the chairmanship of Speaker Mahinda Yapa Abeywardana and Prime Minister Dinesh Gunawardena.

While the Ceylon Electricity Board has sought a 60 percent increase, the Chairman of the Ceylon Electricity Board said that if a price increase is not approved there will be a serious crisis.

He warned that the country will be forced to face extended power cuts owing to a shortage of funds.

Meanwhile, the Public Utilities Commission of Sri Lanka said that arrangements are being made to announce the final decision on the electricity tariffs on Wednesday.

Data from the CEB and the views of the relevant stakeholders including the public have been obtained. (Colombo Gazette)

Recommended For You

Feature Image

Sri Lanka yet to finalise restructuring domestic debt

Sri Lanka is yet to finalise restructuring its domestic debt, State Minister of Finance Shehan Semasinghe said. Semasinghe tweeted saying that the Government is fully committed to ensure the stability of the banking and financial sector. He said that premature speculations without a conclusion could potentially undermine market confidence. “The process of domestic debt optimization is not finalized yet. The govt is fully committed to ensure the stability of the banking and financial sector. R

18 Jun, 2023

Feature Image

IAF to hold multinational aerial wargames involving 10-12 major global powers in desert sector

The Indian Air Force is going to hold a big multinational aerial exercise over its western desert which will include forces from countries including the US. The multinational exercise is being planned to be held around the last quarter of 2023 where the air forces of around 10 to 12 countries are expected to participate, government sources told ANI. The exercise would see the participating air forces carry out complex aerial missions involving a large number of aircraft from these countries, t

17 Jun, 2023

Feature Image

Syeda Batool Zehra, girl from Pahari ethnic group in J-K, shines in Class 12 examination

Uri (Jammu and Kashmir) [India], June 10 (ANI): Syeda Batool Zehra, a determined and hardworking student hailing from the Pahari ethnic group in the border Uri, has achieved an impressive score of 469/500 in her Class 12 examination.Despite facing numerous challenges, including the lack of transportation and tuition facilities in her village, Batool?s dedication and perseverance have made her excel academically. Expressing joy at the announcement of her results, Batool said, ?I am a girl from a

17 Jun, 2023