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Saturday, 14 April 2012 - 12:43
CEB loses down by 0.5% - sales upped to 8.2% - Central Bank
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According to the annual report of the Central Bank of Sri Lanka, power generation rose 7.5% to 11,521 GigaWatt hours and sales rose 8.2% to 10,024 with system losses coming down from 13.5% to 13.0%.

The Central Bank of Sri Lanka stated that consumption by households rose 7.6% due to higher utilization of domestic appliances in rural areas with electricity and rising incomes.

The Ceylon Electricity Board has lost Rs. 25.5 billion in 2011 and run up debts of Rs. 121 billion with a petroleum distributor and independent power producers.

But the utility lost Rs. 25.5 billion as more thermal generation replaced hydro with a failure of rain.

Its short term debt with the Ceylon Petroleum Corporation and independent power producers was Rs.121 billion.

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