IMF reviews CEB and CPC operations

The International Monetary Fund (IMF) Senior Mission Chief for Sri Lanka Peter Breuer and other officials yesterday met with the Power and Energy Ministry to review the progress of the reforms of the Ceylon Electricity Board (CEB) and the Ceylon Petroleum Corporation (CPC).

Taking to ‘X’ Power and Energy Minister Kanchana Wijesekera announced that they discussed key matters related to the sector.

“Matters on recent tariff reduction in the electricity sector, CEB and CPC balance sheets of 2023, current financial position of CEB, accounting principles and standards adopted, BSTA filling automation, dispatch audit to be conducted, outstanding payments, forecast for 2024, CPC pricing formula and CPC operations was briefed and discussed,” he added.

State Minister of Finance Shehan Semasinghe along with officials from the Power and Energy Ministry, Finance Ministry, CEB, CPC also participated in the discussion.