Wednesday, 08 November 2023 09:16

CEB to record profits of over Rs. 70 bn for 3Q 2023 Featured

In the wake of restructuring Sri Lanka power utility the Ceylon Electricity Board (CEB) is set to record profits exceeding Rs. 70 billion for the last quarter of 2023.

Making startling claims regarding the profit projections power and energy ministry official, the CEB recorded a profit of Rs. 18 billion in October alone.

He attributed this substantial gain to a combination of factors, including increased water levels in reservoirs surrounding power plants, which resulted in an energy production of 950 GWh.

It has also been estimated that an additional profit of Rs. 28 billion would be generated in November, with a projected profit of Rs. 22 billion in December, ultimately culminating in a total profit of Rs. 70 billion by the end of the year.

 

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