The Rs. 40 billion that the Ceylon Electricity Board (CEB) owed to state banks by 2012 has increased to Rs. 44 billion by end 2013.

Even after the revision of electricity tariffs in 2013 the government had taken action to subsidize charges to those who use less than 90 units and to industries.

Meanwhile, it has been revealed that the CEB has paid back Rs. 121 billion from what it owes to Ceylon Petroleum Corporation and independent suppliers of electricity.

Apart from this, as assistance to the CEB’s balance sheet, the Treasure is already paying back the Rs. 303 billion outside loan obtained by the CEB plus its interests.