News
SC orders CEB to pay interest on security deposits placed by its clients when obtaining power
By A.J.A Abeynayake
The Supreme Court has ordered the Ceylon Electricity Board (CEB) to pay annual interest on security deposits collected from consumers when providing electricity connections.
The ruling, delivered by a three-judge bench comprising Justices S. Thurairaja, Sobitha Rajakaruna, and another, mandates that both domestic and other electricity consumers receive an annual interest rate of 11.67%, as determined by the Central Bank of Sri Lanka.
The order was issued following a fundamental rights petition filed by the Electricity and Renewable Energy Consumers’ Association, along with its Chairman Mahesh Bandara Ilangasingha and Secretary Prasad Bhathiya Amarakoon. The petitioners argued that under Section 28(3) of the Electricity Act, the CEB is legally obligated to pay interest on security deposits held by consumers.
The Minister of Power and Energy, the Secretary to the Ministry, the Public Utilities Commission of Sri Lanka (PUCSL), and the Attorney General were named as respondents in the case.Senior attorney at law Dr. Chandranath Dabare represented the petitioners, while Deputy Solicitor General Sureka Ahmad appeared for the respondents.
Prime Minister Dr. Harini Amarasuriya met with the Managing Director of the International Monetary Fund (IMF), Dr. Kristalina Georgieva, at Temple Tress on the 17th of February
Dr. Georgieva, commended the Government’s efforts in stabilizing the country’s economy and in managing recent economic and natural shocks. She noted that Cyclone Ditwah had caused severe impacts, especially on economically vulnerable communities, underscoring the importance of targeted support and resilience-building measures.
The Prime Minister expressed appreciation for the IMF’s continued support to Sri Lanka, particularly in the aftermath of Cyclone Ditwah. The PM further emphasized that real economic recovery and development must directly benefit the economically vulnerable groups and ensure inclusive growth, highlighting the need for Sri Lanka to attract quality and sustainable investments, particularly in the tourism sector.
The importance of reforming the education system to focus not only on knowledge acquisition but also on skills development and employability was also discussed
The meeting was attended by the Chief of Staff of the IMF Managing Director Andreas Bauer, Director, Asia and Pacific Department, Dr. Krishna Srinivasan Division Chief (Strategic Communications), Communications Department, Pierre Mejlak Resident Representative for Sri Lanka Dr. Martha Woldemichael, Governor of the Central Bank of Sri Lanka Dr. P. Nandalal Weerasinghe, and Deputy Governor Dr. C. Amarasekara, Secretary to the Prime Minister Pradeep Saputhanthri and Additional Secretary to the Prime Minister Ms. Sagarika Bogahawatta.
[Prime Minister’s Media Division]
The Cabinet of Ministers approved the resolution forwarded by the Minister of Health and Mass Media to relocate the Deniyaya Base Hospital after constructing a new hospital with a capacity of 300 beds at an estimated cost of Rupees 6,000 million.
The Southern Provincial Department of Health has acquired a plot of land in Handford estate which is approximately 03 kilometres away from the town for this purpose.
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