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COPE finds much of CEB already cannibalised
The Island
|September 27, 2025
Fuel shortage manufactured to further ulterior motives
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Parliamentary watchdog the Committee on Public Enterprises (COPE) has found that a loss of Rs. 594 billion was incurred by the Ceylon Electricity Board (CEB) from 2013 to 2024.
COPE Chairman MP Dr Nishantha Samaraweera said that a majority of the CEB’s assets and funds had been distributed among private entities.
This was disclosed during a recent meeting between the COPE and CEB authorities.
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