31 March 2016 10:23 am
The owners of the World Trade Centre (WTC) said the company had taken measures to upgrade the standby power capacity of the building to continuity of electricity during power failures
The WTC became a victim of the recent power outages with the building’s backup generator going bust. As a result, the trading at the Colombo Stock Exchange (CSE), which is housed at the WTC, was halted for about 30 minutes.
“The company has taken measures to upgrade the standby power capacity to facilitate uninterrupted power supply during main grid power failure,” Overseas Realty PLC Chairman S.P. Tao said in the company’s latest annual report. He also said the company is in the process of upgrading the systems in the WTC and implementing a modernization programme within the next two years. Prime Minister Ranil Wickremesinghe has ordered an investigation into the sudden power failure reported at the CSE. “Today foreign investors asked us how they invest in a market where there is no power to operate,” he was quoted as saying.