CEB ordered to settle Rs 30B renewable energy debt

0
88

The Public Utilities Commission of Sri Lanka (PUCSL) has directed the Ceylon Electricity Board (CEB) to pay the Rs 30 billion, that was due to wind power plants, solar power plants, and private power plants over past 10 months, if the CEB wants to obtain renewable energy in the near future.

Chairman of the PUCSL Janaka Ratnayake said, the CEB did not pay sum because they did not have enough funds to settle the payments. He said with the recent tariff increase, the CEB should be able to pay renewable energy owners soon.

“Those institutions had complained to the PUCSL about money owed by the CEB for renewable energy electricity obtained from wind power plants, solar power plants, and private power plants. After hearing the complaints, the commission ordered that the money be paid within three months. The electricity tariff has already been raised by 75 per cent,” he said.

Ratnayake said instructions were given to pay the amount soon in instalments. He highlighted if the payments are delayed further , the renewable energy sector will suffer, which is harmful to the country.

By Thameenah Razeek