Cabinet shows green light to CEB

5 September 2019 04:25 am - 3     - {{hitsCtrl.values.hits}}

A A A

The Cabinet granted approved for a letter of comfort for the cash-strapped Ceylon Electricity Board (CEB) to get further credit facilities from the state banks and the Ceylon Petroleum Corporation (CPC), the Daily Mirror learns.

A letter of comfort is a legal guarantee given to a bank by a third party or the government in this instance.

The CEB has already obtained Rs.96 billion from the state banks including Samurdhi Bank. Besides, it owes Rs. 80 billion to the Ceylon Petroleum Corporation (CPC) and Rs.25 billion to independent power producers (IPP).

For the People’s Bank alone, the CEB is in arrears of Rs. 66 billion. The CEB secured Cabinet approval to get fuel from the CPC on credit up to Rs.100 billion. Also, it got approval to get credit facilities up to Rs.100 billion from the People’s bank. For the Samurdhi Bank alone, the CEB has to pay Rs.274 million. (Kelum Bandara)

See Kapruka's top selling online shopping categories such as Toys, Grocery, Flowers, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,News, Courier/Delivery, Food Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka.

 

  Comments - 3

See Kapruka's top selling online shopping categories such as Toys, Grocery, Flowers, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,News, Courier/Delivery, Food Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka.

 

 
  • Saranga Walimuni Thursday, 05 September 2019 05:25 AM

    This is just playing with peoples money

    Mm Thursday, 05 September 2019 06:52 AM

    I suppose RK will ruin CEB too as he did sathosa and Central Bank issue

    Ben C Thursday, 05 September 2019 07:26 AM

    What bullshit they are doing,How nettikumara who even not pass O Levels received high post among engineers,to represent the country,only reason is this worthless guy threatened witness against RK, union don't let CEB finish off by them


Add comment

Comments will be edited (grammar, spelling and slang) and authorized at the discretion of Daily Mirror online. The website also has the right not to publish selected comments.

Reply To:

Name - Reply Comment




Employees’ health and safety our top-most priority - Brandix

When inquired, Brandix Apparel Limited said that health and safety of employe

“Workers who fainted had water sprinkled on their faces and had to work again”

Health authorities believe the first reported Covid-19 infected worker from t

“Social media ruined us” - husband of Minuwangoda Brandix factory worker

The Minuwangoda Brandix factory worker who first tested positive for Covid-19

Last rites far from home

The body of the Sri Lankan migrant worker Bandu who died of coronavirus in Du

See Kapruka's top selling online shopping categories such as Toys, Grocery, Flowers, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,News, Courier/Delivery, Food Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka.