Sri Lanka, Feb. 13 -- The Ceylon Electricity Board (CEB), giving an undertaking before the Supreme Court today (Feb.13), said it is ready to pay an interest for the year 2023 for the security deposits it collects from the consumers when providing a new service connection.

This was communicated when a fundamental rights (FR) petition filed by the Electricity and Renewable Energy Consumers' Association was called before a three-member bench of the Supreme Court.

Justices S. Thurairajah, Gamini Amarasekara and Yasantha Kodagoda sat for the proceedings today.

Representing the CEB, Deputy Solicitor General Nirmalan Wigneswaran told the judge bench that his client is ready to pay an annual interest of 11.67% for the year 2023 for the securit...