CEB’s potential Dec. profits to be passed on to consumers in April

Minister of Power and Energy Kanchana Wijesekera, stated that in the event of the Electricity Board realizing any operating profit by December, attributed to the favourable rain conditions, a strategic decision has been made to allocate these gains to consumers in April.

Furthermore, Minister Kanchana Wijesekera highlighted that the Electricity Board is currently facing a financial deficit of Rs. 12 billion. However, given the prevailing rain conditions, it is anticipated that there may be a positive turn in the financial outlook, as indicated in the upcoming financial report of the Electricity Board in December.

Minister Wijesekera shared these insights during his participation in a Press Briefing held at the Presidential Media Centre (PMC) on November 25, organized under the theme ‘Collective Path to a Stable Country’.

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