News
CEB says it has been producing most costly power in Asia
Sri Lanka needs to reduce the cost of producing electricity by about 25 percent in the next three years, , General Manager of CEB Narendra de Silva said on Thursday (15) during a consultation on the proposed electricity tariff, organized by the Public Utilities Commission of Sri Lanka (PUCSL) at the BMICH.
“Right now we spend about 40.76 rupees to produce a unit of electricity (a kilowatt hour). This is very high compared to the rest of Asia. This should be around 31 rupees per unit.”
He said that out of the 40.76 rupees, about 28 rupees is spent on materials used to produce electricity, i.e. mainly costly fuel. This should drop to at least 22 rupees.
Secretary of the Electricity Consumers’ Association, Sanjeewa Dhammika, said that the CEB has proposed a tariff reduction of 3.3 percent. The tariff should be reduced by 33 percent.
Silva said the finance cost of producing a unit of electricity is about four rupees, it should be reduced to 50 cents.
“If we can reduce these expenses, we will reach some kind of parity with other countries. We have taken about 300 billion rupees as loans. We have to do something about the high interest we pay. We must also drop the cost of production. We need to get this done in the next three years,” he said. (RK)
In terms of the provisions of the Establishments Code on payment of festival advance to government officers, there’s a possibility of obtaining rupees 10,000/- as an advance for celebrating festivals of Theipongal, Ramazan, Sinhala and Hindu New Year, Wesak, Deepavali, and Christmas as well as for pilgrimages (Sri Paada pilgrimage and Hajj pilgrimage).
Provisions have been given to recover the said advance in 08 installments or if required earlier without interest. It has been proposed by the Budget 2026 to increase the said festival advance up to rupees 15,000/-.
Accordingly, the Cabinet of Ministers granted approval to the proposal submitted by the Minister of Public Administration, Provincial Councils and Local governments to revise the relevant provisions so that the festival advance can be increased up to rupees 15,000/- .
As per the approval given by the cabinet meeting held on 02-06-2025, action is being taken at present to offer the underutilized lands/properties of the Sri Lanka State Plantation Corporation, the Janatha Etate Development Board, and the Elkaduwa Plantation Company which are under the Ministry of Plantation and Community Infrastructure which have been identified under stage one to suitable investors.
Accordingly, the Cabinet of Ministers has approved the proposal presented by the Minister of Plantations and Community Infrastructure to provide following lands/properties on a lease basis to the suitable investors for optimal utilization following the prescribed procurement procedure.
• underutilized lands/properties identified under stage two owned by the Sri Lanka State Plantation Corporation, the Janatha Estate Development Board, and the Elkaduwa Plantation
Company,
• The Mawarala watte land and the Tea factory 40.48 hectares in extent, located in Matara District belonging to the Tea Shakthi Fund.
• The underutilized land of 1,541 hectares in extent of Kondachchi Estate is enjoyed by the Sri Lanka Cashew Corporation.
The drafting of the National Fisheries and Aquaculture Policy has commenced with the objective of equitable distribution of the benefits of the fisheries industry and the sustainable management of fisheries and aquaculture. This policy has been updated from time to time according to current requirements. However, steps have not been taken to obtain the approval of the Cabinet of Ministers for that purpose.
According to the policy declaration of the present government, ‘Vistas of Prosperity and Splendor’ the National Fisheries and Aquaculture Policy has been redrafted, updating the aforementioned policy in line with the economic and development objectives of the government.
The recommendations of the Department of National Planning have been received for the drafted policy.
Accordingly, the Cabinet of Ministers has approved the proposal presented by the Minister of Fisheries, Aquaculture, and Marine
Resources to implement the National Fisheries and Aquaculture Policy, integrating it with other relevant policies.
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Festival advance for government officers to be increased
Providing underutilized lands/properties to suitable investors for optimal utilization.
Implementation of the National Fisheries and Aquaculture Policy
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