Structural adjustments to CEB, CPC
Enhancing the efficiency and productivity of Ceylon Electricity Board
(CEB) and Ceylon Petroleum Corporation (CPC) is vital in moving towards
a higher economic growth in the years to come Central Bank Governor
Ajith Nivard Cabraal said.
Ajith Nivard Cabraal
“Good managing skills are essential as the economy is highly
dependant on these two key Government organizations,” he said.
“The CEB and the CPC need to be viable and to be viable the
organizations have to sell their products at least to cover the cost. If
the oil prices keeps increasing the two organizations need to take
action. However, if the problem occurs long term more structural
adjustments should be made in the next few months,” he said.
“It is important to move eagerly towards alternative energy sources
and Sri Lanka has already gone for coal power generation, which is
timely. Due to the rain there were no major issues in hydropower.
However, with the oil prices increasing the Central Bank is carefully
monitoring the situation and the impact of it is to inflation will be
watched in the next few months,” Cabraal said.