Ceylon Electricity Board (CEB) wants government to support consumer subsidies as part of a plan to stop losing large sums of money every day. Ceylon Electricity Board (CEB) wants government to support consumer subsidies as part of a plan to stop losing large sums of money every day. Monopoly electricity supplier the CEB is selling power below cost and has overdue payments running up to almost Rs. 14 billion owed to fuel supplier and private power generators.
Excerpts from an interview with its Managing Director Ranjith Fonseka:-
Shamindra Kulamannage: Does it make sense to delay proposed electricity sector reforms to make it more productive and help make the sector profitable.
Ranjith Fonseka: I would use the word change. Any organization that is development oriented has to under go change. No organization can stand up to competition -more than that the aspirations of the customers.
But the question is what kind of reforms; what strategy and how the stakeholders both internal- employees and the customers should be brought into this exercise.
Reforms are a must but the manner in which it is done may not hav