The Ceylon Electricity Board (CEB) is set to incur a loss of Rs 29 billion this year. Latest statistics show that the sales revenue is at Rs 206 billion while other income took the figure to Rs 222 billion. The expenditure has been placed at Rs 287 leaving a deficit of 65 billion. Allowing for depreciation it would work out to the loss of Rs 29 billion.
This is besides the CEB requiring a further Rs 50 billion to buy emergency power.
These developments come at a time when the CEB has not launched any major programmes to enhance the country’s power output since 2014.
A Sri Lankan man was apprehended at Suvarnabhumi airport for attempting to smuggle wildlife out of the country after three ball pythons were found hidden in his underwear, the Bangkok post reported.
Read these and more on tomorrow’s edition of the Sunday Times
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