Sri Lanka, Sept. 26 -- The Parliamentary Committee on Public Enterprises (COPE) says a loss of Rs. 594 billion has been incurred by the Ceylon Electricity Board (CEB) from 2013 to 2024, raising serious concerns over mismanagement, corruption, and deliberate manipulation of national energy supplies. COPE Chairman MP Nishantha Samaraweera revealed that a majority of the CEB's assets and funds had been distributed to private entities, while the department had failed to make the necessary estimations or adhere to its power generation plan, leaving the institution a burden on the nation. He further announced that a forensic audit will be conducted into the CEB, as irregularities have become a serious issue.

During a heated COPE session held t...