"We are finding it difficult to pay the long term loan instalments and interest and the CPC (Ceylon Petroleum Corporation).
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We also owe money to the Independent Power Producers," said a senior CEB official.
The CEB’s long-term loan instalments and loan interest comes to around Rs 8 bn annually.
"We have taken about Rs 50 bn in loans from international organisations through the Treasury. The annual instalments come to Rs 4 bn - Rs 5 bn a year. Interest is around Rs 2 bn -Rs 3 bn.
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So totally we must pay around Rs 7 bn - Rs 8bn a year," said the official.
At this point the CEB also owes another Rs 3.5 bn to the Petroleum Corporation and a further Rs 1 bn to Independent Power Producers(IPPs).
"We are finding