The Ceylon Electricity Board (CEB) is said to be facing a serious crisis due to the delay in implementing several proposed power projects,
The 300 megawatt Liquefied Natural Gas (LNG) power plant proposed to be built at Kerawalapitiya under a joint project between India and Japan.
It is proposed to construct the LNG power plant using funds from the Asian Development Bank.
It is also reported that it has been agreed to implement power projects that is to be funded by the Indian government including a $100 million grant.
250 million loss due to Norochcholai delay – Mahinda Amaraweera
Due to the delay in the implementation of the third stage of the Norochcholai coal power plant, the CEB officials had notified the minister that the CEB has incurred a loss of Rs. 250 million, the power and Energy Minister Mahinda Amaraweera said.
He said through such a colossal loss to this prominent state institution, it is facing a grave problem.
The minister had instructed the CEB, PUCSL and the Renewable Energy Authority to stand together and take collective decisions regarding the two power projects planned to be implemented in the country during this year and the power projects scheduled for the next year.
At a discussion held yesterday (23) at the Ministry of Petroleum Industries on commencing power generation projects, the Minister said if there are shortcomings in the Electricity Act, they will be amended to provide the necessary environment for the commencement of power generation projects.