The Hon. Anura Karunathilaka - Minister of Ports and Civil Aviation and Minister of Energy
In response to a question on Ceylon Electricity Board borrowings, the Minister stated that the CEB had obtained loans from the Bank of Ceylon, National Savings Bank, and People’s Bank, with an outstanding balance of Rs. 11.67 billion as of 28 February 2026 for loans held as of 31 December 2024. He said detailed schedules were tabled in the Library and noted that tariffs are generally structured on a cost-reflective basis, with efforts to reduce generation and operating costs in order to minimize future bank borrowing.
Verbatim record (translated)
Machine-translated from Sinhala / Tamil / English¶ 01 Hon. Speaker, the answers are as follows:
¶ 02 (a) (i) Yes. (ii) Bank of Ceylon, National Savings Bank, and People’s Bank. (iii) As at 28.02.2026, the outstanding balance on State bank loans obtained by the CEB (as at 31.12.2024) is Rs. 11,666,855,608. Detailed schedules are annexed. Annex placed in the Library. (iv) Generally, we structure tariffs on a cost-reflective basis. We aim to follow two approaches: reduce generation costs and reduce operating costs. Accordingly, we intend to minimize resorting to bank borrowings as far as possible.
¶ 03 (b) Not applicable.
Provenance
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- Hansard, Tuesday, 5 May 2026 ·No. 23546 ·English daily/uncorrected Hansard
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Cite as: The Hon. Anura Karunathilaka - Minister of Ports and Civil Aviation and Minister of Energy. 10th Parliament, Parliament of Sri Lanka. Hansard, 5 May 2026. No. 23546. Politick, https://staging.politick.io/lk/speeches/19714