CEB recorded mammoth losses from 2015-2019

CEB recorded mammoth losses from 2015-2019; Minister of Power

by Zulfick Farzan 08-10-2020 | 2:46 PM

Colombo (News 1st); The Ceylon Electricity Board incurred a loss of Rs. 181.50 Billion from 2015 to 2019, said Minister of Power Dullas Alahapperuma on Thursday (08).

The loss breakdown, according to the Minister is as follows.

2015 - Rs. 2.3 Billion

2016 - Rs. 14.4 Billion

2017 - Rs. 47.5 Billion

2018 - Rs. 31.9 Billion

2019 - Rs. 85.4 Billion

According to Ministry Alahapperuwa, the failure to implement a power generation project at the appropriate time according to the Long Term Generation Expansion Plan is identified as the main cause of the losses.