125 of CEB expenses trimmed

Saturday, 23 February 2013 - 13:43

125+of+CEB+expenses+trimmed

Sri Lanka's power regulator has trimmed 33 billion rupees or about 12 percent of expenses proposed by the state-run Ceylon Electricity Board in the second step to revising power tariffs.

 

The Public Utilities Commission of Sri Lanka said the CEB had submitted an estimated cost of 268 billion rupees for 2013 is seeking a tariff hike.

 

The regulator said in view of better rainfall, it was reducing 22 billion rupees allocated for purchase of power from private producers.