The Parliamentary Committee on Public Enterprises (COPE) says a loss of Rs. 594 billion has been incurred by the Ceylon Electricity Board (CEB) from 2013 to 2024.
COPE Chairman MP Nishantha Samaraweera said that a majority of the CEB’s assets and funds have been distributed to private entities.
The information was disclosed during a recent meeting between the COPE Committee and CEB authorities.
“The department does not make the necessary estimations and does not stick to the generation plan. The revenue has also been distributed through various means. The CEB is a burden for the nation now. Do you not agree that this state entity needs to be restructured?” he further questioned.
MP Nishantha Samaraweera further said that a forensic audit will be conducted into the CEB, as it has become a serious issue. (Newswire)
