COLOMBO (Reuters) – Sri Lanka’s cabinet on Monday approved a cost-reflective electricity tariff to be take effect this month, Power Minister Kanchana Wijesekera said, without specifying a date.
The tariff would cover input costs such as coal and power generation. Sri Lanka hiked electricity tariffs by 75% last August and a cabinet proposal to raise a further 25% had been under consideration on Monday.
(Reporting by Uditha Jayasinghe; writing by Shilpa Jamkhandikar; editing by Mark Heinrich)
