Cost of power generation up by Rs. 600 million

COLOMBO (News 1st) - The cost of power generation has increased by Rs. 600 million.

The generation of thermal power on a daily basis has been increased to 64% from 30%, a senior official attached to the Ceylon Electricity Board said.

This is due to the shortage of water for hydropower generation.

The cost of power generation stood at about Rs. 800 million, however, the prevailing situation means the cost will now hike up to about Rs. 1.4 billion, he said.

As of Monday (21), hydropower generation had dropped by 17%.

Discussions are underway to decide its future course of action, the CEB added.