PUC reduces Rs.33 billion as non-essential expenditure at CEB

25 February 2013 02:38 am - 16     - {{hitsCtrl.values.hits}}

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The Sri Lanka Public Utilities Commission (PUC) has acted to waive Rs.33 billion as non-essential expenditure out of Rs.268 billion estimated by the Ceylon Electricity Board as this year’s expenditure.

The amount waived had been included in the proposed increase of electricity tariff to be recovered from consumers. “The additional expenses that were to be borne by the CEB will be reduced by the amount that has been waived,” PUC Chairman Jayatissa De Costa said.

He said in the event the CEB increased its rates, it would be done after removing this amount from its estimated expenses and with the approval of the PUC.

This reduction had been possible by not obtaining power from some of the private companies and having also considering the increased capacity of the hydro power plants.

This saving is expected to be in the region of Rs.33 billion. Dr. Costa said savings include unnecessary capital expenditure of Rs.5 billion and expenditure unrelated to the supply of electricity is another Rs.6 billion. The PUC will take these matters into consideration when fixing the tariff rates. (Ariyaratne Ranabahu)
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  Comments - 16

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  • piss Monday, 25 February 2013 12:57 PM

    What missing this artical is 22 billion to be received from Hydro during 2013 as he predicted, Is he the god of rain.

    Dhanapala Monday, 25 February 2013 12:00 AM

    CEB please dispose yur halal certificate so we can hav less electricity bills! via DM Android App

    unchikun Monday, 25 February 2013 07:43 AM

    Why not stop unnecessary expenses like the Lotus Tower.

    unchikun Monday, 25 February 2013 07:45 AM

    A direct result of IMF turning down the loan. It is just a matter of time for a drastic increase in electricity charges.

    Kodithuwakkuarachchi Monday, 25 February 2013 08:01 AM

    Where was PUC all this time?

    Chris Monday, 25 February 2013 02:55 AM

    Baila!

    Premalal Monday, 25 February 2013 03:31 AM

    Looks like a set up to sugar coat the hike.

    Haramanis Monday, 25 February 2013 04:09 PM

    Cut cost; raise price!!

    mush Monday, 25 February 2013 12:00 AM

    does it make any sense, for me no via DM Android App

    saranga Monday, 25 February 2013 09:17 AM

    had you been in touch economic landscape , you would have known it by now. power was vested beginning of this year, its an independent body who also regulate gas ...

    RIF Monday, 25 February 2013 03:49 AM

    CPC and CEB are always put heavy burden on consumers , for their fault ,

    PRASANNAJIT Monday, 25 February 2013 03:51 AM

    Only the figures.

    P.Sivapathasuntharam Monday, 25 February 2013 10:18 AM

    Well done Mr.Chairman if u study deep taking in to account the cost of idling assets lying in waste belonging to CEB u could save further and give more relief to poor consumers.

    Ranjit Monday, 25 February 2013 04:57 AM

    Essential or non-essential CEB is generally wasting the public funds by mismanaging their work.

    Terrance Monday, 25 February 2013 05:37 AM

    Have u included 10percent family tax

    Haramanis Monday, 25 February 2013 05:47 AM

    Unrelated expenses cut? What are these? Please enlighten us.


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