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Sri Lanka second monsoon fails, hydro storage at five year low

ECONOMYNEXT – Sri Lanka’s second monsoon, has effectively failed leaving the state-run power utility Ceylon Electricity Board with the lowest hydro storage in five years, minister said.

Power Minister Ranjith Siyambalapitiya said water collections during the monsoon was the lowest in 7 years.

Deputy Power Minister Ajith Perera said hydro storage at the moment was the lowest in five years.

By end October total hydro storage was enough to generate around 600 GigaWatt hours (million units of electricity). By December 06, storage was 561 GWh.

In 2015 the CEB had over 1,100 GWh of hydro storage and in 2014 over 1000 GWh, data filed with the power regulator shows. In 2013 it was about 700GWh.

The new administration also cancelled a planned 500 MegaWatt coal plant in Trincomalee, which power sector analysts say will push up costs and can re-create a financial crisis in the utility, unless tariffs are raised.

The utility has tendered for a 300MW diesel plant which is also capable of running with liquefied national gas. (Colombo/Dec07/2016)

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