The Hon. Kumara Jayakody - Minister of Energy
The Minister of Energy provided data on the Ceylon Electricity Board in response to a parliamentary question, stating that the CEB was incorporated on 1 November 1969 and that Government equity in it stood at Rs. 991.43 billion as at 30 November 2024. He detailed the CEB’s short- and long-term loan position, reported staff numbers as at 31 December 2024, and stated that total staff-related costs for 2024 amounted to Rs. 53.074 billion. He also stated that the CEB does not pay PAYE tax on behalf of staff and had ceased PAYE deductions and remittances from 1 November 2020.
Verbatim record (translated)
Machine-translated from Sinhala / Tamil / English¶ 01 Answers:
¶ 02 (a) (i) CEB was incorporated on 01 November 1969. (ii) As at 30.11.2024, total Government equity invested in CEB is Rs. 991,430,290,925. (iii) As at 30.11.2024, total loans to CEB:
¶ 03 - Short-term loans (Rs. million): • On-lent Government loans obtained from international development partners for power sector projects via the General Treasury: 72,659 • Bank overdrafts: 17,315 • Other short-term (e.g., creditors/working capital): 20,000 Total short-term: 109, (see combined below)
¶ 04 - Long-term loans (Rs. million): • Domestic/foreign bank and financial institution term loans: 72,536 • Project loans: 109,553
¶ 05 Combined totals (Rs. million): Short-term: 242,223 Long-term: 292,063
¶ 06 (Note: Figures relate to the period ending 30 November 2024.)
¶ 07 (b) (i) Staff numbers as at 31.12.2024: • Permanent: 22,135 • Casual: 150 • Contract: 95 • Advanced trainees: 26 In addition, 50 personnel hired via the affiliated entity Sri Lanka Energies are deployed.
¶ 08 (ii) Monthly staff cost components January–December 2024 (Rs. million), selected months and totals: • Salaries: Total 23,259 • Overtime: Total 12,618 • Professional and other allowances: Total 8,880 • Welfare/medical and related (gratuities/bonuses etc.): Total 4,619 • Transport allowances: Total 2,032 • Ex gratia/bonuses: 1,666 Aggregate total for the year: 53,074
¶ 09 (iii) CEB does not pay PAYE on behalf of its staff.
¶ 10 (iv) CEB ceased PAYE deductions/remittances on 01 November 2020.
¶ 11 (c) Not applicable.
Provenance
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- Hansard, Wednesday, 19 February 2025 ·No. 1740397565032971 ·English daily/uncorrected Hansard
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Cite as: The Hon. Kumara Jayakody - Minister of Energy. 10th Parliament, Parliament of Sri Lanka. Hansard, 19 February 2025. No. 1740397565032971. Politick, https://staging.politick.io/lk/speeches/11398