Sri Lanka Cabinet approves buying 100MW of emergency power
ECONOMYNEXT – Sri Lanka’s Cabinet of Ministers this week approved plans for the state power utility to buy 100 megawatts of emergency power from three private suppliers at prices ranging from 28.43 rupees to 30.63 rupees per kilowatt.
The state information office said in a statement the deals are to buy the extra power generation capacity for six months to ensure continuous power supply in the country which has suffered daily power cuts this month.
The power deals were approved by the Cabinet of Ministers on a proposal by Ravi Karunanayake, Minister of Power , Energy and Business Development.
The Ceylon Electricity Board will buy 24 MW for its Pallekele Substation and 10 MW for the Galle Sub Station at 30.20 rupees per kilowatt from Aggreko International Project Ltd.
Another contract was awarded to Altaaqa Alternative Solutions Global FZE of United Arabic Emirates to supply 10 MW to Mahiyanganaya Grid Sub Station at 30.58 rupees per KW and 8 MW to Polonnaruwa Sub Station at 30.63 rupees per KW.
The third deal went to V Power Holdings Ltd of Hong Kong to supply 24 MW to Hambantota Grid Sub Station at 28.43 rupees per KW and 24 MW to Horana Grid Sub Station at 28.70 rupees per 1 KW.
(COLOMBO, April 10, 2019)
Economic Intelligence Unit of the Ceylon Chamber of Commerce
Jehan Perera - Executive Director National Peace Council