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Electricity Board now a viable institution

Sep 3, 2010 5:03:54 AM - itnnews.lk

Minister Patalie Champika Ranawaka has said that the Ceylon electricity Board has become a profitable institution following a gap of 12 years.

The Minister said that coal power plants and natural gas power plants will be introduced in the next five years to reduce the operational cost of thermal power plants. He said that in 1988, a unit of electricity cost only 18 cents.

It has increased to 18 rupees in a 30 year period. He said that his expectation is to stop the continuous increase of electricity costs for the benefit of the future generations. It is their duty to make the Electricity Board an economically viable institution, for which the employees should commit themselves in the future. He noted that the Electricity Board has earned an extra 426 million rupees in addition to its operational costs in June. Accordingly it has become a proud institution that has earned its operational cost.