|
|
|
Friday, March 11, 2011 - 07.26 GMT |
|
CEB profit tops for 2010 |
|
|
|
Ceylon Electricity Board (CEB) has reached financial stability increasing the bank overdraft to a plus level of Rs.3 million. CEB was in a minus rate during the last decade.
Thus, it becomes possible to settle all the payments due, a statement by the Ministry of Power and Energy said.
During 2000 to 2009 the CEB incurred a total loss of Rs.116,956 million which was absorbed by the Treasury or the Petroleum Corporation.
The Ministry budget for the financial year 2010 was formulated on the basis that the Ministry would incur a loss of Rs.40 billion during 2010. But the Ministry was able to earn a profit of Rs.5 billion as a result of a special plan put into action.
The CEB sold a unit of electricity at a rate of Rs.13.10 in 2008 and at Rs.13.16 thereafter. According to the Colombo Consumers’ Price Index it is only the price of electricity that has not been increased since 2008.
The Ministry has also initiated a program to make the CEB a profitable organization by 2016.
|
| |
|
|
|
|
|
|
|
|
008 |
|
|
|
Contact Information:: Send
mail to