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The Ceylon Electricity Board (CEB) has reportedly shown a Rs. 13.7 billion profit during the first four months of 2015.

While this has been revealed through the Mid-Year Fiscal Position Report 2015 released by the Finance Ministry, it also indicates that during this period there has been a 37.6 per cent increase in hydro power generation.

During this period, the cost of production per kilo watt hour (kWh) had been Rs. 12.53 and is a significant drop in generation costs.

During the first four months in 2014 the CEB’s generation cost per kWh was Rs. 20.15.

Meanwhile, the CEB has paid off Rs. 04 billion from its bank loans.

Accordingly, the CEB still owes the banks Rs.50.8 billion.