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CEB-CPC agreement on fuel supply: Amount owed to be paid in stages

10 July 2019 09:30 am - 3     - {{hitsCtrl.values.hits}}

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The Ceylon Electricity Board (CEB) yesterday reached an agreement with the Ceylon Petroleum Corporation (CPC) to obtain fuel on credit for the generation of thermal power, CEB spokesman Sulakshana Jayawardane told Daily Mirror and as such would be able to avoid power cuts.

The CPC suspended the supply of fuel on July 8 after the CEB failed to settle the outstanding amount of Rs.80 billion resulting in the country experiencing power cuts.

“We agreed to settle all outstanding amounts in a phased out manner,” Mr. Jayawardane said.

The CEB depends on thermal power for 40 per cent of its electricity generation amid Hydropower generation dropping to 10-12 per cent because of insufficient rainfall.

Mr. Jayawardane said this situation underscores the need to set up a major power plant as a priority. He said the government has awarded tender for an LNG power plant to generate 300 megawatts of electricity and it was likely to be commissioned in 2021 or 2022.(Kelum Bandara)

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  • ANTON Wednesday, 10 July 2019 11:53 AM

    CEB IS BECOMING, CORRUPTION EMERGING BAY

    Samson Wednesday, 10 July 2019 12:17 PM

    Can electricity consumers pay bills in stages?

    mohan Wednesday, 10 July 2019 01:26 PM

    Why did the CPC wait for so long


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