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)
The final rites of veteran broadcaster, writer, and lyricist Nirmala de Alwis will be held today at Peradeniya.
Read this week’s Sunday Times for your interesting articles
The Supreme Court today ordered the owning and operating companies of the X-Press Pearl Vessel to pay US $ one billion as compensation for the environmental and economic damage it caused, after the ship sank off the Colombo Port in 2021.
Leave Comments