Connect with us

News

Engineers call govt.’s deal with US firm madness

Published

on

By Ifham Nizam

Underhand deals or unsolicited proposals would lead to power cuts in the near future, warn CEB engineers.

They said they were puzzled by the manner in which the govenrment had acted as regards its deal with the US based energy firm.

learns that a number of trade unions along with representatives of some political parties are teaming up to take up the matter with President Gotabaya Rajapaksa when he returns from the US

Senior former CEB Engineer Kanga Gnana told The Island that it looked like there was no centralised planning. He stressed that it could lead to power cuts if no agreements were reached.

He stressed that as LNG price was highly variable it could lead to higher cost – soon many would go off grid – with solar and batteries – “second life RV batteries are almost at no cost and have 50 per cent capacity when removed from the EV”.

“Gas-fired power plants are already struggling to compete with wind and solar farms. Even with storage those systems could be cheaper by 2030 – No need for LNG in large quantities and for a period of five years as the Country will end up paying through the nose”, he added.

The Ceylon Electricity Board Engineers strongly opposing the move are in the process coming out strongly against the Finance Ministry decision without consulting the major stakeholders.

The Union stressed that it was madness to approve the unsolicited proposal by the US based Energy Firm New Fortress Energy as it was attempting to supply LNG infrastructure in a manner substantially unfavourable to the country.

Two Cabinet papers were presented and approved as per news media regarding the NFE Proposal. They were now being circulated in the public domain, an Independent Engineer said.



Continue Reading
Click to comment

Leave a Reply

Your email address will not be published.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

News

Swiss ambassador meets President Dissanayake

Published

on

By

Dr. (Ms.) Siri Walt, Ambassador Extraordinary and Plenipotentiary of Switzerland to Sri Lanka, met  President Anura Kumara Dissanayake at the Presidential Secretariat this morning (09).

During the meeting, Ambassador Walt extended her congratulations to President Dissanayake on his recent election victory, conveying best wishes on behalf of the Government and people of Switzerland.

Ambassador Walt reaffirmed Switzerland’s commitment to supporting Sri Lanka, particularly through the ongoing IMF program, and expressed Switzerland’s readiness to assist in President Dissanayake’s efforts to combat corruption. She also emphasized Switzerland’s expertise in foreign direct investments (FDI) and tourism, offering assistance to Sri Lanka in these sectors to promote economic growth.

Further areas of collaboration discussed included constitutional reforms and labour migration, with Ambassador

Continue Reading

Business

President discusses enhancing revenue and efficiency with Sri Lanka Customs and Inland Revenue officials

Published

on

By

President Anura Kumara Dissanayake held a key meeting with senior officials from both the Sri Lanka Customs Department and the Inland Revenue Department at the Presidential Secretariat today (09). The discussions centered on strategies to enhance revenue generation and improve operational efficiency within both departments, in line with the government’s broader economic mandate.

During the meeting, officials from both departments presented the challenges they face in managing revenue and tackling tax evasion. They stressed the importance of strengthening coordination between the Inland Revenue Department (IRD) and Customs to effectively combat these issues. It was highlighted that better collaboration would ensure more robust enforcement of tax laws and prevent tax leakage, further boosting the country’s revenue collection.

Representing the Sri Lanka Customs Department were  P B S C Nonis, Director General of Customs; Mrs. H W S P Karunaratne, Additional Director General of Customs; . C S A Chandrasekara, Additional Director General of Customs;  W S I Silva, Additional Director General of Customs;  S P Arukgoda, Additional Director General of Customs; J M M G Wijeratna Bandara, Additional Director General of Customs;  A. W. L. C. Weerakoon, Senior Deputy Director and  M R G A B Muthukuda, Chief Financial Officer, among other officials.

From the Inland Revenue Department, Mrs. W S Chandrasekara, Commissioner General;  B K S Shanta, Deputy Commissioner General; Mrs. J A D D B K Siriwardena, Deputy Commissioner General; Mrs. J D Ranasinghe, Deputy Commissioner General; D M N S B Dissanayake, Deputy Commissioner General;  H H S Samantha Kumara; and Ms. T M S Thennakone, Senior Commissioner, participated in the discussions.

Continue Reading

News

Vietnamese Ambassador meets President; explores possibility of enhancing direct flights between Vietnam and Sri Lanka

Published

on

By

The Ambassador of Vietnam to Sri Lanka, Ms Trinh Thi Tam, paid a courtesy call on President Anura Kumara Dissanayake at the Presidential Secretariat this afternoon (09).

During the meeting, Ambassador Tam conveyed her congratulations on behalf of the Government of Vietnam and expressed optimism for continued cooperation between the two nations.

Highlighting Vietnam’s achievements in foreign direct investment (FDI) and trade, President Dissanayake requested Vietnam’s assistance in fostering these sectors in Sri Lanka.

The discussion also explored the possibility of enhancing direct flights between Vietnam and Sri Lanka, with a focus on strengthening Buddhist ties and cultural connections. Ambassador Tam further pledged to explore opportunities to promote Sri Lanka as a key destination for Vietnamese tourists, thereby expanding people-to-people connections and boosting tourism.

 

Continue Reading

Trending