“Cost of power generation is higher than its selling price”- Ravi Karunanayake

Thinappuyal English August 13, 2019 Comments Off on “Cost of power generation is higher than its selling price”- Ravi Karunanayake

Ravi Karunanayake

The Ceylon Electricity Board (CEB) has incurred a loss of Rs. 100 billion this year, primarily on account of the fact that the cost of power generation is higher than its selling price, Power, Energy and Business Development Minister Ravi Karunanayake said.

As a remedy, the CEB could have increased the unit price, but it is not their plan to burden the consumer. Instead, the Board aims to decrease the generating cost, he said.

The Minister was speaking at a ceremony to grant permanent appointment letters to 100 minor staff of the Board yesterday. Those new appointments were made to qualified persons selected from across the country, regardless of their political background.

Minister Karunanayake said there was a programme planned within the CEB to this effect, but it has not been implemented so far. The cause for the delays is that politicians have not taken correct decisions at the right time.

Those delays have resulted in generation of electricity at high cost using fuel and thereby creating a fuel mafia within the country, he said.

“We must make a radical change within the Ceylon Electricity Board. We must protect the customer as much as we can and provide solutions to issues relating to power generation, transmission and distribution,” Minister Karunanayake said.