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 authority loses Rs. 18.6 billion in first four months of 2014
Thu, Jul 3, 2014, 12:48 pm SL Time, ColomboPage News Desk, Sri Lanka.

July 03, Colombo: Sri Lanka's state owned power supplier Ceylon Electricity Board (CEB) has sustained an operational loss of Rs. 18.6 billion for the first four months of 2014, the Finance Ministry said in its Mid-year Report.

The losses have been attributed to the drop in hydro power production and increase in thermal power from coal and oil to provide an uninterrupted power supply throughout the country.

Due to the delays and lack of rainfall as expected in the catchment areas, hydro power generation has substantially dropped to 19.5 percent in the first four months of 2014 compared to 50 percent in 2013.

Accordingly, the generation cost per unit has increased to Rs. 24.37 against Rs. 17.70 in 2013.

However, the diversified coal friendly generation mix has enabled CEB to mitigate the adverse effects to some extent.

The report said the 300MW third phase of the Lakvijaya Coal Power Plant in Norochcholai is scheduled to be commissioned in the second half of 2014 which would increase the total volume of coal powered electricity provided to the national grid to 900MW.

With the shift towards using coal, the weighted average generation cost is expected to further decline, the mid-year Financial Report said.

CEB's long term generation plan for 2011‐2025 has been prepared taking in to consideration the necessity to meet the increasing demand for electricity with a diversified low cost generation mix with more weight towards coal.

However in order to ensure energy security, the report suggested that CEB should strategically add Non‐Conventional Renewable Energy (NCRE) sources such as wind, biomass and solar to its generation mix to establish a sustainable energy platform.

ColomboPage - Recent 10 Stories
India to contest Sri Lanka court's death sentences of fishermen through legal process
-- [6 hours ago]
Sri Lanka to establish a new Vessel Monitoring System (VMS) to monitor fishing boats
-- [6 hours ago]
India pledges Rs.10 million as immediate relief for Sri Lanka landslide victims
-- [7 hours ago]
Sri Lanka national carrier receives first of six new A330-300 on order
-- [8 hours ago]
New mission chiefs to Sri Lanka express condolences on Koslanda landslide
-- [8 hours ago]
Catholic Church of Sri Lanka rejects reports of president influencing the church to stop papal visit
-- [9 hours ago]
Madhu Road - Thiruketheeswaram sector of Sri Lanka's Northern Railway line tested
Pakistan offers assistance to the Sri Lankan landslide victims
Coalition party of Sri Lanka's ruling alliance to abstain from voting for the budget
Sri Lanka Opposition Leader visits landslide affected village

Copyright © 2000, 2014 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.