CEB requests another loan to pay CPC debts

COLOMBO (News 1st) - The Ceylon Electricity Board has decided to get another loan to settle the debts owed to the Ceylon Petroleum Corporation. A spokesman for the Ministry of Power and Renewable Energy Sulakshana Jayawardena said the loan is expected to be obtained through a state bank. The total amount to be paid to the CPC stands at a staggering of Rs 84bn. Previously, the Ceylon Petroleum Corporation had informed the Ceylon Electricity Board several times that fuel would not be provided to them if the loan was not paid.