HomeTagSri Lanka Budget 2015 - Resource Management Associates (Pvt) Limited

Energy sector in the Budget: A Missed opportunity

The budget proposes to establish a Special Purpose Vehicle (SPV), implying a fully-owned subsidiary of CEB to own and operate the Norochcholai power plant, and goes on to say that it will improve CEB’s financial position (para 393). What kind of logic is that? An SPV certainly will separate the accounts of this power plant,...