CEB denies outstanding debt with CPC

CEB denies outstanding debt with CPC

March 10, 2011   06:41 pm

Following the statement that it has earned profits of Rs. 5 billion in the year 2010, the Ceylon Electricity Board (CEB) clarified that it has done so while not exerting any burden on another organization.

 

The Ceylon Petroleum Corporation (CPC) stated earlier today that around 80% of its losses were due to providing the CEB with fuel at a subsidized rate. However, the CEB clarified with Ada Derana that the Treasury had taken over the amount of Rs. 52 billion owed to the CPC by the CEB as of December 31, 2009.

 

The CEB statement further read that it has no outstanding debt to any other organization currently and has made clean profits of Rs. 5 billion in 2010.

 

Furthermore, the CEB revealed that it was paying a sum of Rs. 26 for a litre of heavy fuel up until August 31, 2010 after which an agreement was made for the CEB to purchase their heavy fuel at Rs.40 per litre.

Disclaimer: All the comments will be moderated by the AD editorial. Abstain from posting comments that are obscene, defamatory or slanderous. Please avoid outside hyperlinks inside the comment and avoid typing all capitalized comments. Help us delete comments that do not follow these guidelines by flagging them(mouse over a comment and click the flag icon on the right side). Do use these forums to voice your opinions and create healthy discourse.

Most Viewed Video Stories

Immigration Controller General pleads guilty to contempt of court charge (English)

Immigration Controller General pleads guilty to contempt of court charge (English)

Seat belts mandatory for passengers of all vehicles on expressways from September (English)

Fuel prices increased (English)

Former Minister Gamini Lokuge passes away (English)

Public react to increase in fuel prices and 0.55% reduction in bus fares

LIVE🔴 Ada Derana Prime Time News Bulletin 6.55 pm

LIVE🔴 Ada Derana Lunch Time News Bulletin 12.00 pm

True measure of nation's progress lies in spiritual development of it's people - President (English)