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 sufficient to service debt, according to Fitch Ratings. The agency anticipates no immediate impact on the Sri Lankan electricity distributor’s payments to independent power producers (IPPs). The lower tariffs are supported by