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Fate of Rs 25 billion CEB consumer deposit fund in doubt – Activist


By Anuradha Hiripitiyage
There was a possibility that over Rs. 25 billion in consumer deposits with the Ceylon Electricity Board (CEB) would not be refunded due to the dissolution of the Public Utilities Commission of Sri Lanka (PUCSL), Secretary of the Union of Electricity Consumers (UEC) Sanjeewa Dhammika told
The Island yesterday.
When a person obtained an electricity connection from the CEB, he or she had to place a deposit at the regional CEB Engineer’s office. As per Sri Lanka Electricity Act, No. 20 of 2009, the CEB has to pay consumers an interest on those deposits, Dhammika said.Section 28.3 of the Act says ‘(3): Where any sum of money is provided to a distribution licensee by way of security in pursuance of this section, the licensee (CEB) shall pay interest on such sum of money at such rate as may from time to time be fixed by the licensee with the approval of the Commission (PUCSL), for the period in which it remains in the hands of the licensee.’ ....

Sri Lanka , Sanjeewa Dhammika , Anuradha Hiripitiyage , Union Of Electricity Consumers , Public Utilities Commission Of Sri Lanka , Ceylon Electricity Board , Public Utilities Commission , Electricity Consumers , Sri Lanka Electricity Act , ஸ்ரீ லங்கா , தொழிற்சங்கம் ஆஃப் மின்சாரம் நுகர்வோர் , பொது பயன்பாடுகள் தரகு ஆஃப் ஸ்ரீ லங்கா , சிஇஒய்எல்ஓஎன் மின்சாரம் பலகை , பொது பயன்பாடுகள் தரகு , மின்சாரம் நுகர்வோர் , ஸ்ரீ லங்கா மின்சாரம் நாடகம் ,