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

Sri Lanka Tourism Chief Bets on Data as Tourist industry Faces Reality Check

At a time when Sri Lanka’s tourism industry is...

EU Grant Fuels Sri Lanka’s Green Shift in Agriculture

Sri Lanka has taken a significant step toward environmentally...

Coral Reef Protection Gets Long-Term Funding Boost

Sri Lanka has officially launched the CORRAL (Conservation of...

Tax Holidays vs IMF: Sri Lanka’s Risky Investor Gamble

Sri Lanka’s decision to grant up to 15 years...