An Echelon Media Company
Saturday May 18th, 2024

Sri Lanka to reduce power cut duration from April 18 as rains start – PUCSL

ECONOMYNEXT – Sri Lanka is expected to reduce power cuts from April 18 due to availability of more fuel, coal and water to generate power though there will still be blackouts as part of a measure to manage the resources for longer term, a top official said.

The country has decided for uninterrupted power supply April 13 to 15 during the two-day Sinhala-Tamil new year followed by Good Friday.

However, there will be a 2 hour and 15 minutes power cut on April 16 and 17 from 8 am to 5 pm which would further be reduced from April 18.

“The power cuts can be reduced because we have enough resources from the three main power generator sources – fuel, coal and water,”  Janaka Ratnayake, Chairman of Public Utilities Commission of
Sri Lanka told at a media briefing on Monday (11).

“There is no issue with coal, we have an adequate amount at the moment. There are arrangements to pay for five shipments, and the Central Bank will support us in that. So using these three sources, there is a large possibility for the power cuts to decrease from the 18th onwards.”

He said they are getting the required supply of diesel from the state-run fuel retailer “the CEYPETCO in a systematic way and
adequate manner.”

Sri Lanka has started getting its monsoon rains which would often continue till August.

According to PUCSL the island’s reservoirs had dropped to 20 percent in the past weeks but now they have been filled up to 50 percent.

However, the commission does not want to stop power cuts entirely as it saves resources better and mange it for longer term.

“Our hope is that from the 18th, we will be able to manage the situation without long power cuts,” Ratnayake said.

“Our plan is to use the rainfall received from the monsoon in place of oil, as that can run out, and minimizing the power cuts,” said PUCSL chief who said 367 MW of power can be generated from reservoirs at the moment and during the rainy season if often generates 15 MW per day.

“Especially around May, when the rains increase, we can improve on the situation and increase the amount of water held in the reservoirs. So if we are able to do that, we can manage the other sources of
energy and get out of this situation,” Ratnayake said.

“Because of the power cuts, the PUCSL have said they have approximately 1,700 to 2,000 megawatts of power per day. We can manage that. The government offices are also on holiday, therefore the commission hopes to manage the situation.”

“We hope to go for a long term plan by using all sources of power systematically. We can use up all the water in 2-3 days and provide electricity, but while we are getting good levels of rainfall, we want to
manage the resources over the next couple of months,” Ratnayake explained.

“I think the current situation came about because there were power cuts that lasted more than twelve hours, which affected all strata of society. The only way to manage the situation favorably is to minimize
the cuts within the next 2-3 months. (Colombo/April11/2022)

Leave a Comment

Your email address will not be published. Required fields are marked *

Leave a Comment

Leave a Comment

Cancel reply

Your email address will not be published. Required fields are marked *

Sri Lanka’s ‘Sancharaka Udawa’ tourist fair seeks to involve universities

ECONOMYNEXT – Sri Lanka’s ‘Sancharaka Udawa’ tourism fair kicked off this week to promote interaction between industry stakeholders and relevant Government bodies, including the Tourist Police, and also universities.

“Several universities, including Colombo, Uva Wellasa, Kelaniya, Sabaragamuwa and Rajarata were given free stalls to facilitate student interaction with industry professionals,” Chairman of the Sancharaka Udawa Organising Committee, Charith De De Alwis said in a statement.

The event takes place today (18) at the BMICH and houses stalls for hoteliers, tour and transport services, with a goal of attracting 10,000 visitors.

Organized by the Sri Lanka Association of Inbound Tour Operators (SLAITO) and the Sri Lanka Tourism Promotion Bureau (SLTPB), the 11th edition of Sancharaka Udawa offers a platform for both B2B and B2C sectors.

“Sancharaka Udawa houses over 170 exhibitors and a footfall of more than 10,000 visitors,” De Alwis said.

This year’s edition will include participants from outbound tourism sectors to facilitate capacity building. The event provides networking opportunities for industry newcomers and veterans.

“The networking platform offers opportunity for small and medium-sized service providers integrating them into the broader tourism landscape. The anticipated outcome is a substantial increase in bookings particularly for regional small-scale tourism service providers.” (Colombo/May18/2024)

Continue Reading

Sri Lanka’s CEB sells LTL shares to West Coast IPP for Rs26bn

ECONOMYNEXT – Sri Lanka’s state-run Ceylon Electricity Board has sold shares of an affiliate to West Coast Power Company Limited, an independent power producer giving profits of 25.9 billion rupees in the March 2024 quarter, interim accounts showed.

The sale has been carried out as a transfer.

“Twenty-eight percent (28-pct) of share ownership of CEB within LTL Holding’s equity capital has been transferred to West Coast Power Company Ltd for a total consideration of Rs 26 billion as part of a partial settlement of outstanding dues…” the March interim accounts said.

“This transaction resulted in a net gain of Rs25.9 billion rupees which has been recognized and reflected in the ‘Gain from Share Disposal’ in the individual financial statement in CEB.”

LTL Holdings is a former transformer making unit of the CEB set up with ABB where the foreign holding was sold to its management.

The firm has since set up several IPPs.

West Coast Power operates a 300MW combined cycle IPP in Kerawalapitiya promoted by LTL group liked firms in which both the Treasury and Employees Provident Fund also have shares.

Its operational and maintenance contract is with Lakdhanavi, another private IPP. The firm has been paying dividends.

The capital gain from the transfer of shares helped the CEB post profits to 84 billion rupees for the March 2024 quarter.

CEB reported gross profits of 62.7 billion rupees from energy sales and 30.6 billion rupees in other income and gains in the March 2024 quarter. Other income was only 3.1 billion rupees in last year. (Colombo/May18/2024)

Continue Reading

Sri Lanka mulls mandating prices for shopping bags in supermarkets

ECONOMYNEXT – Sri Lanka may end the practice of supermarkets giving free shopping bags, as part of efforts to contain plastic use according to deliberations at a parliamentary committee following a supreme court decision.

Sri Lanka’s courts many years ago barred supermarkets from charging for plastic bags from customers after activists went to court.

However a Supreme Court ruled in March this year to overturn that.

The parliament Sectoral Oversight Committee on Environment, Natural Resources and Sustainable Development said it could not reverse the gazette issued under the Consumer Affairs Authority Act until it had received a copy of the ruling.

The committee said the ruling might prompt shoppers to bring their own bags, which would lead to a reduction in polythene waste.

It may only apply to supermarkets and not to smaller merchants, however. (Colombo/May18/2024)

Continue Reading