News
Bangladesh reminds SL of its loan
Bangladesh has stated that it would be hopeful Sri Lanka could pay back the $200 million debt that it owes to the country by March 2023, said a news report published by BD News 24, an English and Bengali language news website of Bangladesh. The report said: Abdur Rouf Talukder, Governor of Bangladesh Bank, provided a positive outlook on the matter after a meeting with his Sri Lankan counterpart Nandalal Weerasinghe in the United States.The two governors held a discussion on the sidelines of the Annual Meetings of the International Monetary Fund and World Bank at the World Bank headquarters in Washington, DC on Tuesday.
Bangladesh Bank Chief told the reporters on Thursday that Bangladesh gave $200 million to Sri Lanka under a currency swap agreement, but due to the economic crisis, Sri Lanka could not return the money on time.Bangladesh Bank Governor has said that Bangladesh extended the loan payment period twice at the request of Sri Lanka.Talukder said that Sri Lanka is supposed to repay the US$ 200 million loan in three installments in February and March next year.
On the talks with Weerasinghe, Talukder said, “We had a very good meeting. The governor assured me that they will meet the deadline for repayment. They are now restructuring their debts and have spoken to India, Japan and China about it.”
He told reporters that Sri Lanka is also working on a deal with the IMF that has also been roughly confirmed. “A final agreement on the programme will probably be reached between November and December.”
Last year, Bangladesh agreed to give Sri Lanka loans of at least $200 million from its foreign exchange reserves under a currency swap deal.The Bangladesh Bank released $50 million as the first tranche under a currency swap deal to support the poorly-rated Sri Lanka on August 19, 2021. The second tranche amounting to $100 million was released on August 30, 2021 and the final instalment worth $50 million was released on September 21, 2021. The credit was to be repaid in installments over three months, the central bank said at the time. But as the economic and political crisis in Sri Lanka worsened, its external debt became unsustainable. With political stability gradually being restored, Sri Lanka is now moving towards repaying its debts, BD News reported.
News
Substandard coal deepens energy crisis, warns former CEB Chief
The ongoing controversy surrounding the importation of substandard coal to the Lakvijaya (Norochcholai) Coal Power Plant has spiralled into a full-blown national energy crisis, with severe technical disruptions, mounting financial losses, and growing fears of widespread power outages, a former General Manager of the Ceylon Electricity Board has warned.
Speaking with authority shaped by decades of experience, the retired electrical engineer did not mince his words: “This is not a routine operational issue. This is a systemic failure that is now threatening energy security.”
At the heart of the crisis lies the compromised quality of coal supplied to the Lakvijaya plant, the country’s largest coal-fired power station.
According to the former CEB chief, the plant’s generation capacity has dropped sharply due to coal that fails to meet the required Gross Calorific Value (GCV) of 5,900 kcal/kg.
“Generation losses in the range of 80 to nearly 180 megawatts are not minor fluctuations. They represent a serious erosion of base-load capacity at a time when demand is steadily rising,” he said.
The technical consequences have been immediate and severe. Coal mills—critical components in pulverising coal for combustion—have reportedly clogged due to high ash content and poor grindability, particularly in Unit 3.
Engineers have been forced to resort to diesel-fired burner guns to stabilise boiler operations, a move the former GM described as “a costly and inefficient emergency measure.”
“Diesel is not meant to be a fallback for sustained operations. It is a last resort. When you start relying on it regularly, you are effectively admitting that the system is failing,” he added.
Beyond immediate disruptions, the long-term risks to infrastructure are deeply concerning. Substandard coal increases the likelihood of slagging and fouling within boilers, potentially leading to overheating and irreversible damage.
“You are not just losing power generation today—you are shortening the lifespan of multi-billion-rupee assets,” he warned.
The financial fallout has been equally staggering. Internal estimates from the CEB and the Public Utilities Commission of Sri Lanka suggest that losses from multiple coal shipments range between Rs. 7.5 billion and Rs. 8.5 billion.
Compounding the crisis is the cost of replacement power. With the coal plant unable to operate at full capacity, authorities have increasingly turned to diesel-based emergency generation.
“The economics are brutal,” the former GM explained. “A unit of electricity from coal costs roughly Rs. 20 to 25. Diesel generation can go up to Rs. 60 or even Rs. 75. That gap translates into tens of millions of rupees in additional daily expenditure.”
He estimated that the country is incurring an extra burden of over Rs. 50 million per day due to this forced shift—costs that ultimately fall on the public.
Even more troubling, he noted, is that contractual penalties imposed on suppliers are insufficient to offset the losses.
“The recoverable penalties are nowhere near the actual damage. There is a gap of nearly Rs. 2 billion, which means the taxpayer is left footing the bill,” he said.
The environmental implications of the crisis add another layer of urgency. One shipment reportedly contained ash levels as high as 21 percent—almost double the acceptable standard.
“This means thousands of tonnes of additional waste. Where is it going? How is it being managed?” the former GM questioned.
Worse still, when diesel burners are used to stabilise boilers, Electrostatic Precipitators (ESPs)—designed to capture harmful fly ash—must be temporarily shut down. This results in the release of toxic particulates into the atmosphere.
“You are talking about emissions containing mercury, arsenic, and lead. These are not abstract risks. They have direct consequences for public health, particularly for communities living around Norochcholai,” he stressed.
The crisis has also exposed serious lapses in procurement and governance. The former GM pointed to the reduction of procurement timelines from 42 days to just 21 days, as well as the lowering of supplier eligibility thresholds.
“These are not procedural tweaks—they fundamentally alter the integrity of the procurement process,” he said, adding that such changes may have limited competition and allowed less experienced suppliers into the system.
He also raised concerns over reports that coal had been fed directly into boilers before independent quality verification.
“If true, that is a dangerous precedent. Quality assurance exists for a reason. Bypassing it undermines operational safety and accountability,” he noted, while acknowledging the CEB’s position that direct feeding was intended to avoid double handling.
Looking ahead, the timing of the crisis could not be worse. With the southwest monsoon approaching, experts fear that delays in procurement or the rejection of substandard shipments could push fresh imports into a period when rough seas make unloading at Norochcholai extremely difficult.
“If shipments are delayed into the monsoon window, you are staring at a real risk of supply disruptions. That is when load shedding becomes unavoidable,” the former GM warned.
He called for immediate corrective measures, including stricter quality enforcement, transparent procurement practices, and accountability at all levels.
“This is a preventable crisis. But it requires decisive action. Otherwise, we are heading towards a situation where technical failure, financial loss, and environmental damage converge into a national emergency,” he said.
By Ifham Nizam
News
Sri Lanka, ICRC to develop unified national database for missing persons
Sri Lanka was collaborating with the International Committee of the Red Cross (ICRC) to create a consolidated national database for missing persons, Justice Minister Harshana Nanayakkara told Parliament on Friday. The initiative aims to address longstanding fragmentation in state records, he said.
“The government acknowledges that the absence of a fully credible National Consolidated database has been a long-standing challenge,” Nanayakkara said, noting that information is currently scattered across the Office on Missing Persons (OMP), the Human Rights Commission, and several previous ad hoc commissions.
The move seeks to bring transparency to a process often criticized by families of the disappeared for its lack of clarity. The current fragmentation has hindered the creation of a unified record, the Minister added.
To tackle this, the OMP has begun consolidating data from different sources into a temporary database to preserve existing records. A formal proposal for a comprehensive long-term Database Management System has also been developed. The government plans to seek international technical support to ensure the system meets humanitarian, legal, and accountability standards.
Nanayakkara said a requirement identification process is underway with relevant stakeholders.
In parallel, the OMP is being revamped to improve data collection, including better coordination with law enforcement and civil registries and the introduction of digital platforms to enhance accuracy.
News
Experts urge hydration and fruit intake amid heatwave
With temperatures soaring across the country, clinical nutritionist Dr. Renuka Jayatissa has advised adults to drink at least 3 litres of cool water daily, while young children should consume around 1.5 litres, she told The Island yesterday (22).
Dr. Jayatissa emphasised the importance of daily bathing during this period to help the body cope with the heat.
She also recommended increasing fruit and fluid intake to prevent dizziness, suggesting fruits such as pomelo, passion fruit, papaya, orange, watermelon, and lime. “Also, eat two bananas each day,” she said.
Warning of the health risks posed by the extreme heat, she advised carrying a bottle of water when outdoors and wearing sunglasses to protect the eyes from potential heat-related damage.
by Pradeep Prasanna Samarakoon
-
News5 days agoCIABOC questions Ex-President GR on house for CJ’s maid
-
News6 days agoSri Lankan marine scientist Asha de Vos honoured at UNGA opening
-
News6 days agoAustralian HC debunks misleading travel risk claims for Sri Lanka
-
News4 days agoBailey Bridge inaugurated at Chilaw
-
Latest News6 days agoWednesdays declared a government holiday with effect from 18th March
-
News4 days agoPay hike demand: CEB workers climb down from 40 % to 15–20%
-
News3 days agoCIABOC tells court Kapila gave Rs 60 mn to MR and Rs. 20 mn to Priyankara
-
News7 days agoFuel rationing begins: Police deployed as queues return
