Monetary aid promised by the Asian Development Bank (ADB) and the Japan International Banking Co-operation (JBIC) for the restructuring of the Ceylon Electricity Board (CEB) will be further delayed, according to senior CEB officials.
A senior official of the CEB told The Island yesterday, `certainly, there would be a delay in getting the aid, but the donors are prepared to help the CEB.`
The aid was expected to be given to the CEB in June this year but was postponed to July 30.
However, during the recent meeting with the CEB, the ADB and JBIC officials decided to extend the aid without a deadline.
The Island reliably learns that the aid was delayed due to two Acts having to be amended and a model structure drawn up.
`After these Acts are approved by the Cabinet, there would be a minimum of six
Companies. This is not privatisation but a restructuring process. After the amendment, they would definitely help us with the aid,` a spokesman of the CEB said.
Meanwhile, the dispute between CEB Chairman Ananda Gunasekera and Power and Energy Ministry officials was sorted out by President Chandrika Kumaratunga.
The problem between the CEB chief and the ministry officials was due to the latter giving into number of demands put forward by the trade unions.