Economics

CEB Utilizes Rs. 93 Billion Profit to Settle Power Project Debts: Minister Wijesekera

Power and Energy Minister Kanchana Wijesekera announced yesterday that the Ceylon Electricity Board (CEB) used its net profit of Rs. 93 billion, registered.

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Economics

CEB Cuts Tariffs Due to Lower Generation Costs, IPP Payments Unaffected

Fitch Ratings-Colombo/Singapore-25 July 2024: Despite a 22.5% tariff cut effective from 16 July 2024, Ceylon Electricity Board’s (CEB, BB+(lka)/Stable) cash flow will remain.

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Business Industry Analysis

Solar Power Surge in Sri Lanka as CEB Clears Long-Standing Debts

Sri Lanka’s renewable energy sector is buzzing with renewed optimism after the Ceylon Electricity Board (CEB) finally settled outstanding dues of around Rs..

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