News
Sri Lanka will be positioned as the regional hub for human capital development – President
President Ranil Wickremesinghe emphasized that efforts are underway to position Sri Lanka as the regional hub for human capital development.
He stressed the need to re-evaluate the National Vocational Qualification (NVQ) to align with internationally accepted standards, such as those in Australia and expressed his intent to seek assistance from Australia to strengthen and modernize Sri Lanka’s education system. He also stressed the importance of collective efforts among BIMSTEC countries and seeking support from international partners to build a robust education system.
President Wickremesinghe stressed the need for expansion in various identified areas, advocating for a friendly approach to both foreign and local investments and called for a focus on human capital formation, pointing out that financial capital is essential for developing human capital. He highlighted the necessity of prioritizing the vocational and technical sectors, given that many who left the country were vocationally and technically qualified.
President Ranil Wickremesinghe made these remarks while addressing the Sri Lanka Human Capital Summit 2024 held on Thursday (18) at Temple Trees under the theme of “Unlocking Sri Lanka’s Economic Potential by Building a Future-Ready Workforce,” focusing on nurturing, harnessing, and amplifying human capital.
The Sri Lanka Human Capital Summit was inaugurated in 2016 based on a concept introduced by President Ranil Wickremesinghe during his tenure as Prime Minister. The President aimed to establish a platform that would bring all stakeholders together to address the skills challenges facing Sri Lanka. This initiative aims to go beyond mere economic growth and transform Sri Lanka from a lower-middle-income economy to a developed nation.
The transformation relies on the ability to cultivate talent, foster innovation, and empower every citizen. While there are multiple industries to consider, the summit prioritizes the pillars for their significant impact and strategic potential on Sri Lanka’s economy: Public Sector Capacity, Information Technology, Tourism, Financial Services and Start-ups.
Latest News
SLPP MP Namal Rajapaksa arrested by CIABOC
Sri Lanka Podujana Peramuna (SLPP) Member of Parliament Namal Rajapaksa has been arrested by the Commission to Investigate Allegations of Bribery or Corruption (CIABOC).
Namal Rajapaksa had been summoned by CIABOC to provide a statement in connection with investigations into the controversial Airbus deal. He was subsequently arrested by CIABOC after recording his statement for over 5 hours.
Latest News
Sun directly overhead Nittambuwa, Algama, Malwana, Aranayake, Meegahakiula and Panamkadu about 12.09 noon today (04)
The sun is going to be directly over the latitudes of Sri Lanka from 28th of August to 07th of September due to its apparent southward relative motion.
The nearest places of Sri Lanka over which the sun is overhead today (04) are Nittambuwa, Algama, Malwana, Aranayake, Meegahakiula and Panamkadu about 12.09 noon.
News
Norochcholai digs into dwindling coal stocks, two units slash generation
Plant’s output cut from 270 MW to 140 MW amidst dwindling stocks; energy analysts warn system remains “at a razor’s edge”
By Ifham Nizam
The Norochcholai coal-fired power plant is now digging into the last dredges of its coal stock, with two operational units forced to slash generation from around 270 MW to just 140 MW on Sunday as the plant ran critically short of fuel, according to independent energy analysts and sources familiar with the National System Operator (NSO).
The sudden reduction of approximately 130 MW in coal generation has once again exposed the fragile state of the country’s power supply arrangements, with the plant understood to have coal stocks sufficient only until Friday night.
“This is not how a coal plant is expected to operate. They are digging up the last dredges of coal from the plant,” an independent energy analyst told The Island.
The analyst questioned why the units had been allowed to reach this stage without earlier intervention, arguing that at least one unit should have been deloaded around 10 days ago to conserve the remaining coal.
Had that been done, the analyst said, the country could also have reduced its dependence on more expensive diesel-fired generation during the period when
coal stocks were being conserved.
The latest NSO generation figures highlight the continuing pressure on the system.
Around 7 p.m. on Sunday, when the night peak was reached, total demand stood at 2,552.7 MW. Coal contributed only 282 MW, while major hydro accounted for 1,215.8 MW and thermal-oil generation for 791.9 MW.
The night peak of 2,552.7 MW was substantially higher than the daytime peak of 2,246 MW, according to the NSO Generation Summary for August 30.
The most immediate concern is the remaining coal stock at Norochcholai.
Sources said the plant has coal only to Friday night, making the timing of the next shipment critical.
The first shipment under the emergency arrangement is expected to arrive on Friday, September 4, but the coal unloading will have to begin on the same day if
the power plant is to continue operating without further significant deloading.
That creates another potential vulnerability, with rough sea conditions posing an additional challenge to unloading operations.
Energy sector sources said that even the arrival of the September 4 shipment would not completely eliminate the danger.
The next shipment under the new coal tender would need to commence unloading around September 15. Any significant delay beyond that could again force the Norochcholai units to operate at reduced output.
“We are still at a razor’s edge”
The independent energy analyst said the situation should not be viewed merely as a question of whether a particular vessel arrives on time.
The situation also means that any further reduction in coal generation could have a direct impact on the use of oil-fired power generation, potentially increasing the cost of electricity generation.
The latest NSO figures already show the important role being played by thermal-oil generation during the evening peak, when demand rises sharply.
The analyst questioned the rationale behind allowing the coal units to continue operating at higher loading until stocks reached critically low levels instead of taking measures earlier to stretch the available inventory.
-
Features6 days ago“Wrap Me Up in My Blazer”— A Gentlemanly Bradby Reminiscence
-
Features5 days agoWhen Sri Lankan stories find their own voice
-
Features6 days agoJVP/NPP government as seen from outside by Lionel Bopage now domiciled in Australia
-
News5 days agoBASL takes exception to Justice Ganepola being denied a place in SC
-
Editorial7 days agoGovt. trying to dupe UN Rapporteur?
-
Features6 days agoProf. Savitri Goonesekere: What has she done?
-
News2 days agoDenied of promotion to SC despite vacancies, justice Gurusinghe retires
-
Features6 days agoWorld Trade Politics: Canada rebuffs Trump’s tariff blackmail
