Connect with us

News

Chinese Ambassador outlines numerous benefits reaped by Sri Lanka from BRI

Published

on

Chinese Ambassador Qi Zhenhong

The Beijing’s Belt and Road Initiative projects in Sri Lanka have not only laid a solid foundation and provided strong impetus for Sri Lanka to get out of the economic crisis and resume economic and social development, but also created thousands of jobs for local people, Chinese Ambassador Qi Zhenhong said at a recent seminar on BRI cooperation between China and Sri Lanka, organized by the Asia Progress Forum.

“Sri Lanka is one of the first countries to participate in the BRI Initiative and has witnessed fruitful results of BRI cooperation over the past 10 years. The major projects between our two countries, such as the Katunayake Expressway, the Southern Expressway, the CICT, the Hambantota Port and the Colombo Port City, have not only laid a solid foundation and provided strong impetus for Sri Lanka to get out of the crisis and resume economic and social development, but also created thousands of jobs for local people. At the same time, Chinese enterprises have also actively fulfilled their social responsibilities by providing assistance to the poverty alleviation and donated a large amount of materials to help people overcome the economic and livelihood crisis,” he said.

Facts have shown that BRI is an effective platform to advance international cooperation, a road towards future development, peace and friendship that enables China, and countries around the world, to discuss development, to jointly build peace and prosperity, and to share in the development opportunities and outcomes, and a vivid example of building a community with a shared future for mankind, he said.

The Ambassador said BRI will only create win-win cooperation that benefits all instead of leading to the so-called “debt trap” trumped up by some parties with a hidden agenda to smear China. It will lend strong impetus to helping Sri Lanka get rid of the “poverty trap” and “trap of non-development”.

“The third Belt and Road Forum for International Cooperation will be held in Beijing next week. Leaders and representatives of over 90 countries including President Xi Jinping and President Ranil Wickremesinghe will gather in Beijing for this great event. We firmly believe that this forum will draw up a better blueprint for China, Sri Lanka, and the rest of the world, to promote high-quality Belt and Road cooperation in the future and provide an even better opportunity for China and Sri Lanka to further advance our cooperation.



News

Cut power bills by 3-5%, don’t hike them, consumers demand

Published

on

By Anuradha Hiripitiyage

Electricity tariffs should be reduced by between 3 and 5 percent instead of being increased by 2.88 percent in the fourth quarter, as proposed by the National System Operator (NSO), Electricity Consumers’ Association Secretary Sanjeewa Dhammika said.

Addressing a media briefing in Maradagahamula, Divulapitiya, Gampaha, yesterday (16), Dhammika said a proper assessment of electricity generation costs, including the contribution of hydropower, could justify a reduction in tariffs.

He said the NSO had sought approval from the Public Utilities Commission of Sri Lanka (PUCSL) for a 2.88 percent tariff increase, which was expected to generate an additional Rs. 4,438 million.

However, the Commission had indicated that an increase of only 1.46 percent was warranted, amounting to Rs. 2,245 million, he said, adding that even this increase was unnecessary.

Dhammika alleged that the proposed revision sought to pass on to electricity consumers the financial burden arising from the non-arrival of five coal shipments and failed tenders.

“The Government had said that the burden of coal-related losses would not be passed on to the public. It is therefore unjust to make consumers bear these costs,” he said.

He pointed out that the PUCSL had forecast that hydropower would account for 32.34 percent of total electricity generation in the coming quarter, while the cost of such generation would represent only 3.45 percent of the overall cost of electricity production.

Consumers should benefit from the lower cost of hydropower generation rather than bear the burden of more expensive thermal power generation, he said.

Dhammika also questioned the inclusion of Rs. 669 million in capacity charges that had not been approved by the PUCSL, as well as a further Rs. 1,069 million to repay loans relating to incomplete projects.

Including such charges in the proposed tariff revision was unjustifiable, he said.

The PUCSL has given the public until October 30 to submit their views on the proposed tariff revision.

Dhammika said the possibility of increased hydropower generation in the coming weeks, as reservoir levels rise, should also be taken into account when determining electricity tariffs.

He maintained that tariffs could be reduced by 3 to 5 percent if hydropower generation was properly assessed and coal-related losses and unapproved charges were excluded from the calculations.

He further claimed that electricity tariffs could be reduced by as much as 10 percent through the promotion of renewable energy and the effective use of solar power and battery storage systems.

The Electricity Consumers’ Association urged the Government to withdraw the proposed tariff increase, insisting that consumers should not be made to bear costs arising from coal supply problems and other disputed charges.

Continue Reading

News

Asgiri Mahanayake calls for immediate release of Gnanasara Thera

Published

on

Most Ven. Warakagoda Sri Gnanaratana Mahanayake Thera

By S.K. Samaranayake

Most Ven. Warakagoda Sri Gnanaratana Mahanayake Thera of the Asgiri Chapter has called for the immediate release of Ven. Galagodaaththe Gnanasara Thera, who is currently serving a prison sentence, following a court ruling.

The Asgiri Mahanayake made the appeal when a delegation of senior prison officials, including Assistant Commissioner of Prisons and Director of Operations Senaka Pallegedara, called on him on the 16th.

During the meeting, the prelate warned that the continued incarceration of Ven. Gnanasara Thera could lead to a volatile situation and cause public agitation.

Responding to the appeal, the prison officials informed the Mahanayake Thera that the authority to order the release of Ven. Gnanasara Thera did not rest with the Prisons Department but with the President.

Other senior prison officials, including Rajeev Srimal Silva, Sampath Warnakulasooriya and Mangala Welivita, were also present at the meeting.

Continue Reading

News

Lanka Air Force joins multinational exercise in India

Published

on

A Sri Lankan Air Force Beechcraft King Air 360ER during Exercise Tarang Shakti 2026. Photograph: Sri Lanka Air Force

The Sri Lanka Air Force participated in a multinational air exercise in India, alongside the air forces of the United States, France and Germany, as Sri Lanka continues to expand military cooperation with foreign countries.

A Sri Lankan Air Force Beechcraft King Air 360ER aircraft, and a six-member crew, took part in Exercise Tarang Shakti 2026, held at Air Force Station Jodhpur, from September 26 to October 12.

The exercise was hosted by the Indian Air Force, under the theme “Power in Partnership,” and involved Australia, Bangladesh and the United Arab Emirates, among other participating countries.

According to the Sri Lanka Air Force, the exercise was aimed at enhancing operational cooperation and interoperability among participating air forces and providing opportunities to share tactics and operational experience.

India’s public broadcaster reported that the exercise included training and experience in planning and conducting joint multinational combat operations, including counter-air, air defence, reconnaissance and air-to-air refuelling missions.

The exercise also involved 32 countries as observers.

Sri Lanka’s participation comes amid increased military engagement with foreign partners. India and Sri Lanka recently exchanged 240 military personnel under a tri-service exchange programme.

Sri Lankan military personnel also recently participated in a counter-terrorism exercise with Russia, while a senior US Army Pacific official visited Sri Lanka and discussed opportunities for greater joint training.

Continue Reading

Trending