Power Ministry wants Rs.2.5 Bn to buy extra electricity

28 February 2018 07:38 am - 26     - {{hitsCtrl.values.hits}}

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The Ministry of Power and Renewable Energy has submitted a Cabinet paper requesting for Rs.2.5 billion to purchase supplementary electricity from private power generating sources. Sources said the document was submitted by Minister Ranjith Siyamabalapitiya at the Cabinet meeting presided over by the President yesterday.

The request for the immediate purchase 100 megawatts of electricity was made because of the drought which prevailed in the country and because of the delay in constructing new power plants.

Sources said the electricity is to be purchased from the private sector at a cost of Rs.28.20 a unit.

Meanwhile, Ministry Secretary Dr. Suren Batagoda confirmed that the ministry planned to purchase as a buffer stock.

“Yes we want to purchase 100 megawatts at Rs.28.20 per unit. This is to fulfil the requirements for buffer stock of electricity and ensure there was no sudden shortage, like this country experienced with fertiliser and oil,” he said.

Dr. Batagoda said power was currently purchased at prices between Rs.30 and 35 per unit and that intended purchase was economical to the ministry. (Ajantha Kumara Agalakada)

 

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  Comments - 26

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  • Prasanna Wednesday, 28 February 2018 07:50 AM

    He was waiting for this moment , that's why he delay the new power plant contraction

    Premalal Wednesday, 28 February 2018 10:23 AM

    Oh why does it have to rain now?

    Jaya Wednesday, 28 February 2018 12:19 PM

    No point in talking figures in SL but that around 1,000hrs of electricity at 100MW. Is this for peak hours (6-10pm)?? that would be for 250days!!!!!!

    Premalal Wednesday, 28 February 2018 01:10 PM

    Before I could get my hands on the 2.5 billion.

    Eng.M.V.R.Perera Wednesday, 28 February 2018 08:25 AM

    This is the result of our President avoiding coal fueled electricity as base load and economical Hydro with large reservoirs as peaking power which would have given us the people the least cost electricity in the world our President did this by contravening articles 3,4,12,27and 33(f) of our constitution

    Dhammika Wednesday, 28 February 2018 09:21 AM

    Coal and LNG has a deeper and a negative enviromental affect specially air pollution .

    Aka Wednesday, 28 February 2018 12:26 PM

    And all those renewables are unreliable. Be prepared for higher a price also.

    Dihan Wednesday, 28 February 2018 09:01 AM

    Please ask the ‘Bond People’ to purchase extra electricity for us.

    BuffaloaCitizen Wednesday, 28 February 2018 09:08 AM

    Ask Daisy Aachchi, she may find another bag of gems in her garden.

    BuffaloaCitizen Wednesday, 28 February 2018 09:10 AM

    Ask Daisy Aachchi, she may find another bag of gems in her garden.

    BuffaloaCitizen Wednesday, 28 February 2018 09:12 AM

    Ask Daisy Aachchi, she may find another bag of gems in her garden.

    BuffaloaCitizen Wednesday, 28 February 2018 09:13 AM

    Ask Daisy Aachchi, she may find another bag of gems in her garden.

    Dhammika Wednesday, 28 February 2018 09:19 AM

    There are so many renewable power projects awaiting for approval and its the minister and the relevelant govt. authorities that is delaying the implementation . SO DONT BLAME ANYBODY AS THE MINISTER WHO KNOWS VERY WELL WHY THESE PROJECTS WERE DELAYED.

    Jaliya Wednesday, 28 February 2018 09:23 AM

    Eng.M.V.R.Perera, you have a complete primitive view point on this issue of electric power generation. Coal burning to generate power has very negative consequences to the environment thus obtain of a loan from ADB or the world bank is not possible for a coal plant. Furthermore, most of the concessions are given to SLK by developed nations are based on the platform of future renewable energy consumption not the other way around. Just like most Sri Lankan's you only care about how it will save your wallet .... not how it will save our future generation.

    Sach Wednesday, 28 February 2018 11:47 AM

    You don't know anything on the subject

    Dhammika Wednesday, 28 February 2018 01:40 PM

    JALIYA - You are correct - Every developed nation is investing in renewable energy .

    Mr Fatcs Wednesday, 28 February 2018 11:31 AM

    Wow what a high cost. Someone's pockets would fill.

    Lankan. in USA Wednesday, 28 February 2018 11:34 AM

    Stop all the benefits getting the politicians. There will be a lot can do for country.

    Shaq Wednesday, 28 February 2018 11:56 AM

    We have been waiting and waiting for our Solar power plant approval for the last 2 years ...And Still waiting

    Amila Wednesday, 28 February 2018 12:18 PM

    Pls use the 2.5b to build solar power plants which will give us long term benefits...

    ravi Wikramasinghe Wednesday, 28 February 2018 12:34 PM

    what are they laughing about? Officials of CEB are more corrupt than politicians. may the curse of the poor be on them!

    Arnold Wednesday, 28 February 2018 12:51 PM

    Put solar panels on every roof!!

    woter Wednesday, 28 February 2018 12:53 PM

    how much spent for artificial rains?

    saranga.walimuni Wednesday, 28 February 2018 03:40 PM

    Incompetent government at its best

    Gamaya Thursday, 01 March 2018 11:03 AM

    wow 2.5 billion .What is the commission on this and who is going to benefit

    kamal Thursday, 01 March 2018 04:07 PM

    Why you all pay only Rs; 20.00 to solar operators like house hold. Tell them to produce more Rs.30.00 means nearly 40% higher.


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