News
CEBEU rejects long standing IMF proposed reforms, but willing to go along with Central Bank policies
By Ifham Nizam
The Ceylon Electricity Board Engineers’ Union (CEBEU) yesterday rejected the dictates of the International Monetary Fund and said they will only follow policies of the Central Bank of Sri Lanka (CBSL).A former CEBEU President and its Executive Member told The Sunday Island they had cordial discussions with various stakeholders and when it comes to policy matters it will have to be the Finance Ministry or CBSL.
Citing CBSL Governor Dr. Nandalal Weerasinghe, he said that the Governor often spoke about the increasing USD rates. “When the last tariff revision was done in 2013, the dollar rate was about 130 rupees and now 360,” he said, adding that institutions cannot go in that manner.”
The Union also said that the Public Utilities Commission of Sri Lanka (PUCSL) has all rights when it comes to tariff rates, however, they have no authority to poke into internal affairs and it is up to the CEB management to decide on it.PUCSL Chairman Janaka Ratnayake said that plans are underway to cut down some perks of the debt ridden CEB.
When contacted, CEB Chairman Nalinda Illangakoon told The Sunday Island that there were no such requests. However, he said that though the tariff increase is less than what they asked for, nevertheless they have to accept it.In his blog, Energy Expert Dr. Vidura Ralapanawa, said: If you think the current 75% tariff increase by CEB is too much, remember CEB asked for a 229% tariff increase at the public hearing, and CEB GM lobbied the IMF to force PUCSL to do so.”
He said that the 229% requirement is a figment of their imagination, set by a clueless tariff team (all engineers, no economists nor financial analysts). It assumed no demand reduction (happening now), no load shedding (happening now) and completely inelastic pricing (meaning that people will consume the same amounts irrespective of costs).He also pointed out that a 229% tariff increase would have wrecked the economy, driven the SMEs to the ground, created mass poverty (real and energy poverty) and left CEB with Billions of Rupees cash in hand.
News
The President’s Fund has been transformed into a people-centred fund – PM
Prime Minister Dr. Harini Amarasuriya stated that the President’s Fund has been transformed into a people-centred fund and that ensuring equal access to education for all children is a key policy of the Government.
The Prime Minister made these remarks on 11th of July at Temple Trees while participating in the “Sarasavi Diriya Abhiman 2026” programme, organised to recognise students with special needs pursuing university education.
The President’s Fund has decided to provide financial assistance of Rs. 100,000 each to 370 students admitted under the special needs category through the University Grants Commission, and under the first phase of the programme, cheques were presented to 236 students.
Addressing at the event, Prime Minister stated:
“It is the Government’s policy to ensure equal access to education for all children, including those with special needs, such as neurodivergent and those with autism or dyslexia, without leaving any child behind in the education system. Vice-Chancellors and other education authorities bear a responsibility to ensure that the necessary practical accessibility facilities are available to these students within universities. In addition, the Government is taking steps to digitalise the education system through assistive technologies and to develop public transport and physical infrastructure in a manner that is accessible and inclusive for persons with special needs.These students are not a burden to the country; they are valuable human resources capable of contributing to sustainable development. The ultimate objective is to build a civilised society that recognises and respects the value of every individual.
The occasion was attended by the Speaker Dr. Jagath Wickramaratne, Minister of Rural Development, Social Security and Community Empowerment Upali Pannilage, Member of Parliament Sugath Wasantha de Silva, and several others.
[Prime Minister’s Media Division]
News
Thambuttegama Water Supply Project Commissioned by the President
The Thambuttegama Water Supply Project, which will benefit 91,810 people in the Thambuttegama, Thalawa and Galnewa Divisional Secretariat divisions, was officially commissioned by President Anura Kumara Dissanayake on Friday (10) afternoon .
The project, which was launched under a concessional loan from the China Development Bank (CDB), was suspended between May 2022 and May 2024 due to the country’s debt restructuring process. However, recognising its national importance, the current Government allocated additional funding from the Government of Sri Lanka to successfully complete the project.
Constructed as a long-term solution to the chronic kidney disease that has spread rapidly across the region, the water supply project is also expected to improve the social and economic well-being of local communities.
The project aims to provide 25,000 new household with water connections.
Built at a cost of Rs. 32 billion, the project comprises a water treatment plant with a daily capacity of 18,000 cubic metres, three water towers with a capacity of 1,500 cubic metres each, a 12.75-kilometre water transmission pipeline and a 158-kilometre water distribution network.
Speaking at the event, Minister of Housing, Construction and Water Supply Susil Ranasinghe said:
“The Thambuttegama Water Supply Project, which was declared open today by the President, has the capacity to provide safe drinking water to 25,000 families. The project has been completed at a cost of Rs. 32 billion. It was implemented with the assistance of the China Development Bank, but construction came to a standstill due to the economic crisis experienced in recent years. Over the past two years, we allocated funds through the national budget and have now successfully completed the project.
At the initial stage of the project, concerns were raised over drawing water from the Rajanganaya Reservoir. Farmers protested against the proposal. However, today this project is being commissioned with the blessing and support of the Rajanganaya farmer leaders, who are present here. They presented their concerns to us and we are committed to addressing them.
Their foremost concern was to ensure that no farmer in Rajanganaya would face a shortage of irrigation water as a result of water being diverted for this project. I can assure you without hesitation that there is absolutely no reason for concern. Not even a single drop of water required for agriculture will be denied in order to supply drinking water. This project is, after all, intended to provide clean drinking water to farming families themselves.
They also requested that compensation be paid if cultivation is affected due to any water-related issue. I assure you that there is no cause for concern on that front either. This Government has consistently compensated farmers affected by disasters. We paid Rs. 1.2 billion in compensation for losses suffered by farmers over the past seven cultivation seasons due to the Nilwala saltwater barrier. We also resolved long-standing issues relating to land acquisition under the Yan Oya Project and allocated Rs. 180 million to the District Secretary to compensate the affected landowners. In addition, Rs. 12 billion has been paid in compensation to around 200,000 farmers whose farmlands were damaged by Cyclone Ditwah. Therefore, if farmers suffer any losses or damage to their lands in the future, this Government stands ready to provide compensation.
Another request made by the farming community was the construction of the Ginipetti Bridge if water is to be drawn for this project. We have already allocated Rs. 240 million to build a new bridge capable of accommodating vehicular traffic and foundation work will commence shortly. At the same time, a team of experts has been appointed to determine whether the existing Ginipetti Bridge can be rehabilitated or whether an entirely new bridge is required. Therefore, I assure the farming community once again that we will not allow them to suffer any hardship or loss as a result of this project.”
Minister of Trade, Commerce, Food Security and Cooperative Development Wasantha Samarasinghe, Governor of the North Central Province Wasantha Jinadasa, public representatives of the province, Chinese Ambassador Qi Zhenhong, officials of the Ministry of Housing, Construction and Water Supply and the National Water Supply and Drainage Board, together with a large number of local residents, were also present at the event.
[PMD]
News
New Chairman and members appointed to the Public Service Commission
President Anura Kumara Dissanayake has appointed S. A. Nimal Saranatissa as the new Chairman of the Public Service Commission.
The other members appointed to the Commission are B. Sanath Poojitha, E. R. Weerakoon, R. Ketheeswaran, J. M. R. Jayasundara, E. A. P. N. Edirisinghe, Dr S. A. A. N. Jayasekara and M. H. Mohammed Sameel.
The letters of appointment were presented to the newly appointed Chairman and members by Secretary to the President Dr Nandika Sanath Kumanayake at the Presidential Secretariat Thursday (09) afternoon .
The appointments have been made to fill the vacancies that arose following the expiry of the previous term of office of the Public Service Commission
[PMD]
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