“The net profit of Rs 93 Billion by June 2024 has been utilized to pay the outstanding amounts to Renewable energy developers, Thermal power plants, Coal Procurement, Local suppliers, Dues to major projects, Roof top solar & Short term banking facilities,” Kanchana Wijesekera said on X (twitter).

The electricity consumer tariffs has been revised and reduced considering the other profits after settlement of payments, Wijesekera said in post titled ‘CEB Profits and Balances clarification’.

CEB reported a profit of 34.5 billion rupees for the three months ended on June 30, a 67 percent jump compared to 20.7 billion rupees in the same quarter in 2023 despite a fall in the revenue, interim accounts showed.