CEB suspends contractors’ payments – repairs likely to be stalled

Date:

The Ceylon Electricity Board (CEB) has decided to suspend payments entitled to contractors engaged in project activities of the board due to the severe financial crisis befallen the state-run body.

The CEB being unable to make the payments may be facing another crisis given that this may halt the repairs and implementation of new projects undertaken by these companies.

A request made earlier to increase the electricity bill as a solution to the crisis was denied.

MIAP

Share post:

spot_imgspot_img

Popular

More like this
Related

Tea Prices Slide as Official Optimism Masks Market Strain

Sri Lanka’s tea industry entered 2026 on visibly shaky...

Plantation Dreams, Financial Nightmares: CBSL Moves against Illegal Investment Schemes

Sri Lanka’s Central Bank has launched investigations into at...

SL’s New Tax Unit Signals Shift Toward Rule-Based Fiscal Management

Sri Lanka’s Finance Ministry has taken a decisive institutional...

Sri Lanka Renewable Energy Plan Sets Aggressive Path to Electricty Transition

The Cabinet’s approval of the Renewable Energy Resources Development...