2017: CEB claims loss of Rs. 34 bn so far

By Maheesha Mudugamuwa

Natural disasters around the country have caused losses amounting to Rs. 34 billion to the Ceylon Electricity Board (CEB) so far this year, says Power and Renewable Energy Minister Ranjith Siyambalapitiya.

The Minister told a media briefing in Colombo yesterday that the total loss incurred by the CEB due to recent floods and landslides caused by heavy rains was estimated at Rs. 300 million.

Over 771,000 electricity breakdowns had been reported due to heavy rains, floods and landslides in Matara, Ratnapura, Galle and Kalutara Districts, he said.

Even though the southern part of the country experienced heavy rains the hydro power reservoir areas had hardly received rains during the current monsoon period, Minister Siyambalapitiya said.

 Most parts of the country were experiencing a severe drought and the CEB had been compelled to maintain an uninterrupted electricity supply with costly thermal power generation for last six months and, therefore, it had incurred heavy losses all throughout that period, Siyambalapitiya said.

Placing the loss of at Rs. 33. 8 billion so far this year, the minister stressed that the water levels in the hydro-power reservoirs were not adequate. The total current capacity of main hydro-power reservoirs was at 46.62 per cent. It had been 70 per cent during the corresponding period last year, he added.

Only 15-20 per cent of daily electricity requirement of the country was met by the hydro power, he said.

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