header logo
Vallibel FD
Selan Bank
Latest
Govt. to purchase 500MW from private sector - Ravi
Apr 08, 201912:13 PM
Govt. to purchase 500MW from private sector - Ravi
Mobitel inner 1278

A decision has been taken to purchase 500MW of electricity from the private sector, says Minister of Power, Energy and Business Development Ravi Karunanayake.

 

The decision was taken as a solution to end the ongoing power interruptions, he has further said.

 

Minister Karunanayake stated this addressing a meeting held with the heads of media companies at the ministry this morning (08).

 

Commenting further he said he would not allow the hike of domestic electricity consumption bills as the Ceylon Electricity Board was sustained on the domestic sector thus far.

 

Stating that his only need is to generate electricity at a minimum price and to facilitate people with its benefits, Minister Karunanayake said he would make the best possible efforts to reduce the electricity consumption bill by 2021.

 

The minister further commented that he can assure there will be no power interruptions following April 10th.

 

“We have rejected the emergency electricity purchase. Even the Ceylon Electricity Board Engineer’s Union said there is no requirement for such purchase.” The Minister said they were to resort to emergency purchase due to the malfunctions occurred in the barges and at the Norochcholai power plant.

 

He further said they would increase the reserve margin from 10% to 25% in order to provide electricity until the Vesak festival without interruptions.

 

Following the increase in reserve margin, an additional low-cost electricity purchase of 500MW will be made after obtaining the Cabinet approval, the Minister said.

 

 

 

 

Disclaimer: All the comments will be moderated by the AD editorial. Abstain from posting comments that are obscene, defamatory or slanderous. Please avoid outside hyperlinks inside the comment and avoid typing all capitalized comments. Help us delete comments that do not follow these guidelines by flagging them (mouse over a comment and click the flag icon on the right side). Do use these forums to voice your opinions and create healthy discourse.

Comments

0
Comments are disabled

Note: Due to legal constraints, the Ada Derana Editorial team has taken a decision to disable comments on all articles concerning ongoing court procedures.

MostRead
Mobitel 1278
VideoStories
Train services operate as usual despite railway strike;Safety concerns halt Badulla–Nanu Oya service

Train services operate as usual despite railway strike;Safety concerns halt Badulla–Nanu Oya service

“I’m not in parliament, so, I can’t take the responsibility” Ranil responds to concerns of youth

“I’m not in parliament, so, I can’t take the responsibility” Ranil responds to concerns of youth

President opens Anuradhapura Battery Energy Storage System; 10MW facility connected to national grid

President opens Anuradhapura Battery Energy Storage System; 10MW facility connected to national grid

Appeals Court to deliver decision  on Dilith Jayaweera’s writ petition on Sep. 30

Appeals Court to deliver decision on Dilith Jayaweera’s writ petition on Sep. 30

Railway unions warn strike action will intensify if govt fails to address issues

Railway unions warn strike action will intensify if govt fails to address issues

Rs. 145 million invested in youth research programme - PM Harini Amarasuriya

Rs. 145 million invested in youth research programme - PM Harini Amarasuriya

Met Dept. forecasts heavy rains in coming days, warns of possible floods and earth slips

Met Dept. forecasts heavy rains in coming days, warns of possible floods and earth slips

Construction of Mannar Hospital Emergency Treatment Unit begins under President’s patronage

Construction of Mannar Hospital Emergency Treatment Unit begins under President’s patronage

Heavy rains submerge Colombo roads; Showers above 100mm expected in several areas tomorrow

Heavy rains submerge Colombo roads; Showers above 100mm expected in several areas tomorrow

“Vital intelligence withheld”:  New allegations emerge in 2019 Easter Sunday attacks case

“Vital intelligence withheld”: New allegations emerge in 2019 Easter Sunday attacks case

Sri Lanka's economy grows 4.2% in Q2 despite Iran war, weak agriculture, slower services

Sri Lanka's economy grows 4.2% in Q2 despite Iran war, weak agriculture, slower services

2027 Appropriation Bill gets Cabinet nod; Draft to be gazetted before parliamentary submission

2027 Appropriation Bill gets Cabinet nod; Draft to be gazetted before parliamentary submission

10,000 job opportunities for Sri Lankans in Thailand under new labour pact

10,000 job opportunities for Sri Lankans in Thailand under new labour pact

Will Govt. increase fuel prices? CPC incurs losses due to sale of diesel, says Chairman

Will Govt. increase fuel prices? CPC incurs losses due to sale of diesel, says Chairman

Rain returns, bringing relief to drought-hit areas; Heavy rainfall predicted in the coming days

Rain returns, bringing relief to drought-hit areas; Heavy rainfall predicted in the coming days

Lassana Flora