Over Rs. 2 billion loss by state owned power company

Sri Lanka's state owned Ceylon Electricity Board claimed over Rs. 2 billion was lost last year, due to the frequently faltering Chinese-built Norochcholai coal power plant.

The plant was shut completely for a total of 72 days in 2013, resulting in the state owned company spending Rs. 2.19 billion in purchasing power from private power companies.

A further 43 days of partial function at the plant meant another Rs. 640 million had to be spent again, to purchase power.

The plant recently suffered the 26th breakdown since being declared open in 2010.

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