Sri Lanka, Feb. 28 -- The Supreme Court has directed the Ceylon Electricity Board (CEB) to pay annual interest on security deposits collected from consumers when providing electricity connections.

A three-judge bench, including Justices S. Thurai Raja and Sobitha Raja Karuna, ruled that an 11.67% annual interest, as stated in a CEB motion on January 30, 2024, must be paid to both domestic and other electricity consumers.

The order was issued during the hearing of a Fundamental Rights Petition filed by the Electricity and Renewable Energy Consumers Association, its President Mahesha Bandara Ilangasinghe, and Secretary Prasad Bhathiya Amarakon.

The Minister of Electricity and Energy, the Secretary to the Ministry, the Public Utilities Co...