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 Lanka Air Force Bell 212 helicopter belonging to the No. 72 squadron has crashed into the Madhuru Oya reservoir this morning, Air FOrce Media Spokesman Eranda Geeganage said.
Update: Five of the twelve passengers on board the bell 212 aircraft that crashed into the Maduru Oya today, have succumbed to their injuries, the SLAF said.
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