ECONOMYNEXT- Engineers of state-run power monopoly has warned that un-bundled firms may not be able to operate due lack information allocate assets, liabilities, cashflows and operational plans in a Preliminary Transfer Plan (PTP) that has been approved by the Finance Ministry. When the utility is separated in to generation and transmission companies, there was no information the PTP on how to allocate assets and liabilities including loans that may have to be split between the two entities and separately serviced, the CEB Engineers Union said in a letter to a parliamentary panel. For generation companies to pay loans, cash has…
Sri Lanka CEB engineers warn of electric shock over sketchy initial un-bundling plan
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