Sri Lanka, Feb. 28 -- Colombo, Feb 28 () - Contradicting the statement by the Energy Minister that electricity tariffs can be reduced by 18 per cent, the Ceylon Electricity Board (CEB) has informed the Public Utilities Commission of Sri Lanka (PUCSL) that the tarrif can be reducded by an average of 14 per cent.

They said the tariff has been strategically reduced significantly by the control of the Central Bank enabling it to yield significant financing benefits. By making project loans more affordable, the CEB can reduce the financing burden.

The CEB said the revised tariff proposal has been prepared considering a relief to the entire tariff customer category.

According to the letter, the tariff has been strategically reduced significa...