Lankapage Logo Recent Top Stories
CP 14 YEARS
Go Home Home Serving the Sri Lankan community globally since 2000
go to LankaPage.com

Leading News from Sri Lanka::

* Sri Lanka Power Minister highlights the need for a formula to decide power tariff
Mon, Jan 21, 2013, 09:53 pm SL Time, ColomboPage News Desk, Sri Lanka.

Jan 21, Colombo: Sri Lanka Minister of Power and Energy Patali Champika Ranawaka has highlighted the need for introducing a formula to decide the electricity tariff.

Addressing a public function today, Minister Ranawaka has said that losses at the power authority Ceylon Electricity Board (CEB) was due to the absence of a proper price formula.

The Minister has pointed out that the country's annual power consumption is 12,000 gigawatt hours. While Rs. 7 per unit is spent to generate the first 6,000 gigawatt hours, the unit cost for generation of the rest is as high as Rs. 32.

The Minister said that the reason for this is the higher demand for power among a limited number of mass scale clients.

According to the Central Bank the CEB sustained a loss of 25.5 billion rupees in 2011 and loss of Rs. 45-50 billion is estimated for 2012 due to the increase in thermal power generation when the prolonged drought reduced hydropower generation.

The Minister also said that the idea of the hydropower generation capacity reaching to 80% level could not be materialized as the hydropower generation capacity on priority basis is limited to 40 days maximum.

Introduction of a price formula will help both the state run Ceylon Electricity Board and the Ceylon Petroleum Corporation which provides the oil to produce thermal power to cut down heavy losses by recovering cost.



ColomboPage - Recent 10 Stories
PM explains phone call to IGP from Minister
-- [8 hours ago]
Sri Lanka calls on Possessor States to expedite destroying their chemical weapons stockpiles
-- [9 hours ago]
Korea Exim Bank to strengthen the connectivity of traffic network in Kandy
Sri Lankan government vows to take strict legal action against those who damage public property
Sri Lanka's private bus operators call off strike
Sri Lankan President promises to prepare a National Education Policy for the disabled children
Vista Rooms simplifies corporate travel bookings and cuts travel costs by up to 20%
President appoints a special committee to look into bus operators' issues
Sri Lankan, Maldivian Foreign Ministers discuss strengthening bilateral relations
Former Sri Lankan Ambassador to U.S. Jaliya Wickramasuriya further remanded

Copyright © 2000, 2012 by LankaPage.com (LLC) :
The news and other contents on ColomboPage are copyrighted property of LankaPage.com, LLC. Any unauthorized use of any information on ColomboPage may constitute a violation of copyright laws. You need written permission to reproduce, republish, post, transmit, broadcast or distribute, material from this site from LankaPage.com, LLC. However, news organizations or broadcasters in Sri Lanka may republish the news items in ColomboPage with proper acknowledgment to ColomboPage.