Colombo, Jan 26 (TIWN) Indian Oil Corporation (IOC) will provide fuel directly to state-run electricity provider Ceylon Electricity Board (CEB) to ensure continuous power supply in the island nation.

Sri Lanka Energy Minister Gamini Lokuge announced on Tuesday that arrangements have been made to obtain fuel directly from the Lanka IOC (LIOC), Indian Oil's subsidiary in Sri Lanka, instead of getting them through the state-run Ceylon Petroleum Corporation (CPC).  "We have prepared a loan to directly obtain fuel from the IOC," said Lokuge. Accordingly, the CEB is to receive 30,000 metric tonnes of fuel on credit basis from LIOC.