Sri Lanka’s CEB loses Rs5.7bn in Jan-Apr 2016

ECONOMYNEXT – Sri Lanka’s state-run power utility, Ceylon Electricity Board has lost 5.78 billion rupees in the first four months of 2016, a reversal from 1.837 billion a year earlier, amid dry weather and a coal plant failure.

The finance ministry said cost of generating a kiloWatt hour of electricity had risen to 17.54 rupees without taxes in the first quarter of 2016 from 15.07 rupees a year earlier, a finance ministry report said.

Dry weather as well as the failure of a coal power plant had resulted in higher spending on liquid fuel plants.

The generation mix comprised was 1,246 GigaWatt hours hydro, 1,089 GWh liquid fuel and 1,143 GWh Coal or a ratio of 36:31:33 in the first quarter of 2016 from a ratio of during first quarter 45:21:34 in 2015 to 36:31:33.

CEB had also re-connected a 100MegaWatt private power plant owned by Aitken Spence.

CEB had cut is bank borrowings by 2.887 billion rupees to 39.055 billion at the end of the first quarter. (Colombo/July04/2016)


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