- Last Update 2025-06-04 18:08:00
CEB expected to incur losses worth Rs 120 billion in 2020
The Ceylon Electricity Board (CEB) is expected to incur losses upto Rs 120 billion this year due to the lack of power generation projects, Power and Energy Minister Mahinda Amaraweera said.
He claimed that the CEB had suffered losses amounting to Rs 85 billion last year as the previous government had not undertaken any power-related projects since 2017.
Accordingly, Mr. Amaraweera stated that the current government will initiate new projects in a bid to recover the losses faced by the state authority.
(Reporting by Damith Wickramasekara)
-
Still No Comments Posted.
- May 31, 2025 - 439 - 0
Flt Lt Kasun Cumaratunga , more than a pilot, a guardian remembered on his 37th death anniversary
Kasun, was born in 28th Sept 1964, the grandson of the legendary author and linguist Munidasa Cumaratunga and son of SSP Bindu Kumaratunga and Winifred
- June 2, 2025 - 383 - 0
National Tax week launched
The Inland Revenue Department (IRD) backed by the Excise and Customs Department today launched a fresh drive to collect taxes including some Rs.780 billion listed as ‘collectable defaults’.
- June 2, 2025 - 311 - 0
SriLankan Airlines’ new A330 Fleet to perform low fly past over Colombo on Wed.
- May 29, 2025 - 245 - 0
Mahindananda and Nalin Fernando Jailed
Former Sports Minister Mahindananda Aluthgamage and former Sathosa Chairman Nalin Fernando have sentenced to 20 and 25 years respectively after they were found guilty in a case of fraud.
Related Articles
No requirement to wear face masks in office premises: Health Secretary
- 04/06/2025 - 35 - 0
ETF trade unions protest
- 04/06/2025 - 40 - 0
Sailor arrested for assaulting Immigration officials
- 04/06/2025 - 47 - 0
Prasanna Madanayake new District Secretary for Matale
- 04/06/2025 - 32 - 0
Leave Comments