Rs 11.5bn CEB ‘golden handshake’ to be funded with tariff increase View(s):By Kapila BandaraA multibillion rupee ‘golden handshake’ for state workers choosing voluntary early exit will be funded by raising electricity tariffs from January to March, the Ceylon Electricity Board has proposed. CEB proposes to increase tariffs by an overall 11.57% to bridge an estimated Rs 13.094b financial deficit from January to March. External concessionary financing is being explored to fund rehabilitation costs, which are not included in the tariff submission, CEB says. Some CEB workers draw salaries that exceed Rs 3.4m a year. For the nine months ended September 2025, the CEB booked a loss of Rs 9.5b on revenue of Rs 311.4b.

Source: Sunday Times January 04, 2026 03:35 UTC