Connect with us

News

Energy expert advises against country walking into fossil fuel trap

Published

on

By Rathindra Kuruwita

The unit cost of a regasified liquefied natural gas (R-LNG) power plant will be Rs. 19 at the current exchange rate (Rs. 200 per dollar) and will further increase as the rupee depreciates, energy expert Vidhura Ralapanawe told The Island yesterday.

However, according to the CEB, the average selling price of a unit of electricity is around Rs.16.88.

Ralapanawe said that some experts were arguing for natural gas for electricity generation in Sri Lanka as a ‘low-cost option’. However, it would only be feasible if Sri Lanka printed US dollars, he said.

“I have taken the CEB’s own cost calculation for the 300MW LNG power plant (originally tendered in 2016) and is awaiting the PPA approval. The tender used a fixed exchange rate for 20 years at Rs 150 per USD. No other assumptions of the CEB (including fuel costs) has been changed.

“Revising the rate to 200 (January 2021) gives the RLNG-based power cost to be Rs 19 per unit. Using a 3% YoY depreciation moves exchange rate to Rs 225 in 2024 – the year we are likely to get RLNG (if it comes), and the cost moves to Rs. 21.70. According to the CEB, the average selling price is around Rs. 16.88.”

Ralapanawe said that the price would increase with transmission, distribution and other costs, making the CEB increase electricity tariff by a significant margin

“There is a recommendation by an expert associated with the CEB to increase tariffs by Rs. 2.30 per unit, per year. To meet the losses incurred by the Board.”

Ralapanawe said that the CEB could either increase tariffs to meet the losses or look at cheaper sources of electricity. Renewable energy was tendered in rupee between 9 – 13 Rupees per kWh, he added.

“As a country full of renewables, we should ask why we are purposefully walking into this fossil fuel trap.”

 

 



Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

News

Development Officers threaten to intensify their protest

Published

on

Protesting Development Officers continued their hunger strike near the Presidential Secretariat, Colombo yesterday (01), for the seventh consecutive day.The protesters, who are members of the Lanka School Development Officers’ Association, are demanding that they be absorbed into the teacher service as they have served as teachers in state-run schools for nearly seven years.

Secretary of the Association, Viraj Manaranga, said the protesters were seeking an urgent meeting with the President. He added that a presidential aide had visited the protest site and offered to arrange for a meeting with the President on 03 Feb., but the union insisted on an earlier date. Manaranga warned that failure to grant a meeting could trigger a massive protest in Colombo today (02).

Four officers participating in the hunger strike have been hospitalised due to deteriorating health, while two more joined the fast on Saturday (31).

In a bid to raise awareness of their grievances, on 30 January a delegation of the All Island Development Officers’ Association visited Most Venerable

Warakagoda Sri Gnanarathana Thera, Mahanayake of the Asgiriya Chapter, and subsequently with the Chapter’s Registrar, Ven. Dr. Medagama Dhammananda Thera. The prelates said promises that had been made to them should be fulfilled.

The protest began on 26 January as a satyagraha, after authorities failed to respond to repeated requests to integrate the officers into the teaching service. The escalation into a fast-unto-death underscores the protesters’ frustration over the prolonged delay

by Pradeep Prasanna Samarakoon

Continue Reading

News

Auditor General to be appointed tomorrow

Published

on

Bimal

The long-vacant post of Auditor General would be filled on 03 Feb., after months of controversy and delays, Minister of Transport, Highways and Urban Development Bimal Rathnayake said on Friday (31) in Kandy.

The Constitutional Council met at the Parliamentary complex on Friday to discuss the appointment but failed to reach a decision on a suitable candidate. The President had previously proposed four names on four separate occasions, all of which were rejected. The Council is now set to consider the fifth nominee.

The post has remained vacant since April 2025, following the retirement of Chulanta Wickramaratne, who served as the 41st Auditor General. More than 10 months have passed without a permanent appointment.

Sources said a female officer in the Auditor General’s Department has been nominated again, though her previous recommendation was rejected due to some allegations against her.

Meanwhile, senior audit officer Dharmapala Gammanpila, with 31 years of service and the department’s most senior official, has received backing from the Mahanayake Theras of the three Nikayas, the Maha Sangha, and several civil society groups for appointment as the 42nd Auditor General.

Sources noted that the three civil society representatives on the Constitutional Council will play a crucial role in the final decision.

by Chaminda Silva and SK Samaranayake

Continue Reading

News

Two arrested for aiding and abetting murder

Published

on

Two 18-year-old youth were arrested by the Southern Division of the Western Province Crime Division on 31 January for allegedly aiding and abetting two murders carried out in Dehiwala and Kohuwala. ICE (crystal meth) was found in their possession at the time of arrest.

The suspects are residents of Mount Lavinia and Boralesgamuwa, according to the police. They are accused of having helped carry out a murder at a hotel in the Dehiwala Police Division on 9 January, 2026, and an attack on a person travelling in a three-wheeler at Bodhiyawatta, Kohuwala, on 12 December, 2025.

Police said the charges included sending photographs of the victims to a criminal living overseas.

Investigations revealed that the youth had acted under the direction of a criminal known as Sando.

Under the guidance of Janaka Kumara, Director of the Southern Division of the Western Province Crime Division, investigations are being led by Police Inspector Hemanta Kumara, assisted by Sub-Inspectors Prasanna Gunathilaka and Prasanna (40248), and Constables Chaminda (72987), Anil (79598), Kumar (88762), and Senanayake (19363), who are continuing the probe.

by Norman Palihawadane and Chaminda Silva

Continue Reading

Trending