News
Now, electricity consumers entitled to interest on LECO deposits
Rathindra Kuruwita
The Public Utilities Commission of Sri Lanka (PUCSL) responsible for protecting the rights of electricity consumers in the country, together with the electricity service providers yesterday (7) affirmed a unique right for electricity consumers.
PUCSL Chairman Janaka Ratnayake told an event held at the BMICH that the regulator PUCSL together with Electricity Utility Provider, Lanka Electricity Company Private Limited (LECO) had launched an Interest Payment scheme for Electricity Security Deposits for LECO consumers.
Over Rs. 1.2 billion would be paid back to electricity consumers annually by the distribution licensee, Chairman of the Public Utilities Commission of Sri Lanka (PUCSL) Janaka Ratnayake said yesterday at an event in Colombo to mark the commencement of payment of interest on electricity consumer deposits.
When a person obtained an electricity connection from the CEB, he or she had to place a deposit at the regional CEB engineering office. As per Sri Lanka Electricity Act, No. 20 of 2009, the CEB had to pay consumers an interest on those deposits. Section 28.3 of the act says ‘(3) Where any sum of money is provided to a distribution licensee by way of security in pursuance of this section, the licensee (CEB) shall pay interest on such sum of money at such rate as may from time to time be fixed by the licensee with the approval of the Commission (PUCSL), for the period in which it remains in the hands of the licensee.’ It is estimated that there is over Rs. 25 billion of such deposits with the CEB.
The following is the text of Ratnayake’s speech: We have taken the steps to protect the rights of electricity consumers since the inception of the Commission in accordance with the powers vested in it. We have published the Declaration of the Rights and Obligations of Electricity Consumers and many regulatory decisions to protect the rights contained therein and to protect consumers. More than 20 different regulations, rules and guidelines have been enacted to protect consumers.
Payment of interest on electricity consumer deposits declared today is a benefit provided to the consumer under Section 28 of the Sri Lanka Electricity Act. Cooperation between the various parties were required to implement such a benefit. In the recent past, steps were taken to implement this interest rate scheme. Section 28 of the Sri Lanka Electricity Act stipulates that an electricity consumer must be paid interest on the security deposit paid by his client company or licensee.
The implementation of the decision to pay interest benefits was delayed due to various issues such as determining the interest to be paid and resolving issues.
But today we have been able to solve all those problems and The Public Utilities Commission of Sri Lanka has developed a methodology for determining interest rates in an accepted and transparent manner.
The Commission recently decided that the interest rate for this year would be 8.68 per cent. Licensed companies that provide electricity services based on that interest must calculate the interest benefit and pay it to their customers. Starting today the consumers will be able to get this unique benefit scheme.
Lanka Electricity (Pvt) Ltd, a distribution licensee, will start paying interest to its customers from today. LECO alone will pay Rs. 42 million annually to its customers as a benefit through the interest payment benefit on customer deposits.
We hope that in the future other licensees will implement this interest payment programme. When other electricity distribution licensees also implement this interest benefit scheme in the future, around Rs. 1,200 million will flow into the hands of electricity consumers annually.
On the one hand, it is a huge subsidy flowing to the country’s economy through the power industry. The Commission will also implement regulatory measures to meet the aspirations of the licensees to maintain a high quality and efficient electricity service.
The Commission was established in 2002 to regulate the multi-faceted industries of the country. The regulatory powers of the electricity industry were vested in the Sri Lanka Electricity Act passed by Parliament in 2009. Since then, the Commission has initiated the economic, technological and security regulation of the power industry.
Initially, the Commission was to be empowered to regulate the electricity industry and the water services industry. Later the petroleum industry was also listed as an area regulated by the Commission. Acts authorizing the Public Utilities Commission of Sri Lanka to regulate the water services and petroleum industries have not yet come into force.
Once we gain the powers through acts to regulate those industries, we are ready to initiate regulatory activities in the water services and petroleum industries to protect consumers.
The Commission has also been appointed as the regulatory body for the lubricant market in Sri Lanka and we provide the necessary advice and assistance to the Ministry of Energy for the promotion of the lubricant market.
Also, the Commission has been entrusted with the regulation of electric vehicle charging stations. We also have plans to expand the network of electric vehicle charging stations to protect the rights of electric vehicle owners.
This year, we are also implementing a programme to enhance the quality of professionals in the electricity sector and ensure the maintenance of high-security electricity service. At present, nearly 45,000 people are working as electricians in the country. Only by standardizing these people can the quality of home electrical systems in our country be guaranteed.
We have also paved the way for these electricians to be recognized nationally and internationally. The National Electrician Licensing Scheme prepared by the Public Utilities Commission of Sri Lanka will be introduced from this year. To obtain this license, we have implemented an expeditious process of awarding at least the 3rd level of National Vocational Qualification or NVQ 3 Certificate.
Under this expeditious programme, 2500 electricians will be issued NVQ 3 qualification and professional licenses by next July. The awarding of the license and NVQ 3 certificates to the first group of professional electricians is scheduled to take place next June under the patronage of His Excellency the President Gotabhaya Rajapaksa.
Over the next few years, we look forward to implementing special programmes for the advancement of all sectors under the purview of the Public Utilities Commission of Sri Lanka. Licensing licensees who provide utility services under our regulation are also required to improve in their respective fields.
We hope they will work with us to set the tone”.
News
Govt. urged to take action against deputy minister
Allegation of doing business with state:
Civil society activist Oshala Herath has said that regardless of the political party one represents, all members of Parliament should abide by the law of the land. Herath said so when The Island sought his response to a report that he was planning to move court against Deputy Minister Eranga Weeraratne, Deputy Minister of Digital Economy, accused of holding the top positions at Omobio (Pvt.) and Eimsky Business Solutions (Pvt.) Ltd., at the time of the nominations, and took oaths as a National List MP of the NPP government.
President Anura Kumara Dissanayake is the Minister of Digital Economy, in addition to being Minister of Defence and Finance.
Herath is the Chairman of Abhinawa Niwahal Peramuna. Herath, whose legal challenge to SJB MP Diana Gamage over her citizenship issue, led to her removal from Parliament by the Supreme Court on 08 May, last year. He said the latest case underscored the responsibility on the part of political parties to ensure transparency in the nomination process as well as in the finalisation of National List.
Herath pointed out that the court rulings on petitions filed by him against two serving MPs were pending. He moved court against Jaffna District Independent MP Ramanathan Archchuna for handing over nominations to contest the 2024 November parliamentary elections without resigning from his post as a government medical officer. He also moved court against Minister of Rural Development, Social Security and Community Empowerment, Dr. Upali Pannilage, alleging that he had been an employee of the University of Ruhuna at the time he was declared an MP and subsequently appointed as a Cabinet Minister.
Our efforts to contact Deputy Minister Weeraratne were in vain. Our calls went unanswered.
Pointing out that there were many attorneys-at-law in the current Parliament, Herath emphasised the responsibility on their part to take up the issue. The Speaker should, on his own, inquire into such allegations in addition to the Parliamentary Privileges Committee stepping in, Herath said. Responding to another query, Herath said that such violations as well as cases of conflict of interests were far more serious than the recent controversy over NPP National List MP Asoka Ranwala’s educational qualifications.
SJB MP Ajith P. Perera told The Island that the Deputy Minister concerned admitted in Parliament that he had held top posts in the companies mentioned at the time he took oaths as an MP. Therefore, there couldn’t be any ambiguity with regard to his fault. Perera said that the conflict of interest issue involving NPPer was far more serious.
Referring to the issue at hand that had been first raised by SJB lawmaker Amila Prasad Siriwardena in Parliament during committee stage of the debate on the 2026 Budget, Attorney-at-Law Perera said that Weeraratne’s companies were engaged in mega business deals with the government. Declaring that they had secured contracts for government projects since 2019, Perera said that one of the companies Weeraratne was involved in had recently won a major contract from the incumbent government regarding the electronic ticketing system.
Kalutara District MP called for a comprehensive inquiry into the issue as the NPP had come to power, accusing all other political parties of waste, corruption, irregularities and mismanagement of state funds. MP Perera queried whether the current dispensation followed proper procedures in selecting Weeraratne’s company for the ticketing project
Both Herath and Perera urged the JVP and NPP to look into what they called the Weeraratne affair.
Over the years, several MPs had been disqualified to hold parliamentary seats. Dr. Rajitha Senaratne is one of them. When the Court of Appeal dismissed Dr. Senaratne from Parliament for being a supplier to the government, Ranil Wickremesinghe brought him back to Parliament, through the National List.
MP Perera said that since the last parliamentary election, the NPP had been embroiled in many controversies, including the release of 323 containers from the Colombo Port, in January this year, followed by signing of seven Memorandums of Understanding (MoUs)/agreements with India in April.
By Shamindra Ferdinando
News
India sends stock of life-saving medicines
The government has appealed to India for immediate help to overcome the serious shortage of life-saving drugs and injections.
The Sri Lankan High Commission in New Delhi confirmed the appeal made by the government. The following is the text of statement issued by the Sri Lankan mission in New Delhi: “The Foreign Secretary of India, Vikram Misri, over the weekend handed over a consignment of urgently required essential medicines to Sri Lanka’s High Commissioner to India, Mahishini Colonne, in New Delhi. The assistance, extended in response to a request from the Government of Sri Lanka, forms part of Operation Sagar Bandhu, India’s humanitarian mission supporting Sri Lanka’s relief, recovery, and reconstruction efforts following the devastating Cyclone Ditwah.
The consignment consists of over 400 boxes of life-saving medicines and injections, which will be airlifted to Colombo by an Indian Air Force C-17 aircraft, alongside further additional relief assistance from India.

Deputy Indian High Commissioner Pandey shaking hands with Health Minister Dr. Nalinda Jayathissa
Foreign Secretary Misri reiterated the condolences of the Government and people of India for the tragic loss of lives and the extensive damage to infrastructure caused by the Cyclone. He reaffirmed India’s steadfast commitment to supporting Sri Lanka’s immediate humanitarian needs as well as rebuilding and reconstruction efforts. He also highlighted India’s readiness to work with Sri Lanka on a mix of initiatives tailored to the needs of affected communities.
High Commissioner Colonne conveyed the sincere appreciation of the President, Government, and people of Sri Lanka for India’s timely, continuous, and sustained support, and handed over to the Foreign Secretary, a letter of gratitude from the President of Sri Lanka to the Prime Minister of India.
Describing the extensive nature of the damage, the High Commissioner appreciated the ongoing and consistent engagement of the Indian High Commission in Colombo, in collaboration with government officials and local authorities in coordinating relief, rescue, and recovery efforts.

SLAF personnel unloading medicine from IAF transport plane
The High Commissioner also requested India’s support in sharing its expertise and leadership in enhancing disaster-response capabilities and disaster-resilience frameworks, especially lessons from Odisha and Andhra Pradesh, both globally recognized for their advanced disaster resilience frameworks. Apart from this support that is under discussion, the New Delhi-based Coalition for Disaster Resilient Infrastructure (CDRI) has also been requested to undertake a visit to Sri Lanka to explore avenues for strengthening Sri Lanka’s disaster resilient infrastructure capacities. Noting the importance of having an effective and real-time warning system, efforts are being made to deploy a team to explore the establishment of an early warning system that would provide real-time geo-targeted alerts to citizens.
The High Commissioner reiterated Sri Lanka’s gratitude to the Government and people of India for their continued solidarity under Operational Sagar Bandhu, reaffirming the strength of the longstanding partnership between the two nations.”
News
George Keyt Foundation contributes to national disaster relief efforts
The George Keyt Foundation (GKF) has extended meaningful support to the Government of Sri Lanka’s disaster relief efforts following the severe devastation caused by Cyclone Ditwah.
The text of the press release issued by the GKF: “In 2023, the Foundation undertook its first major fundraiser in recent years by issuing 30 numbered limited edition prints of Kangodi Rangi, a painting by George Keyt entrusted to the Foundation. Twenty-eight prints were acquired by donors to support charitable causes, while another was gifted to the President’s collection. Print Number 1 of 30 was retained to support the Foundation’s long-term priorities.
In light of the unprecedented impact of Cyclone Ditwah and the urgent national need for disaster assistance, the trustees unanimously resolved to seek a donor for Print Number 1 of 30, with clear disclosure that the proceeds would be channeled directly to the Government’s disaster relief programme. This appeal received an immediate response, resulting in a private donation of Rs. 3 million.
The contribution was formally handed over to Prime Minister Harini Amarasuriya for utilisation in the Government’s ongoing relief and recovery efforts.
The George Keyt Foundation is honoured to support the people of Sri Lanka at this critical moment and reaffirms its commitment to serving national needs while preserving and promoting the artistic legacy of George Keyt.
-
Features5 days agoFinally, Mahinda Yapa sets the record straight
-
News6 days agoCyclone Ditwah leaves Sri Lanka’s biodiversity in ruins: Top scientist warns of unseen ecological disaster
-
Features5 days agoHandunnetti and Colonial Shackles of English in Sri Lanka
-
Business4 days agoCabinet approves establishment of two 50 MW wind power stations in Mullikulum, Mannar region
-
News7 days agoJetstar to launch Australia’s only low-cost direct flights to Sri Lanka, with fares from just $315^
-
News4 days agoGota ordered to give court evidence of life threats
-
Features6 days agoAn awakening: Revisiting education policy after Cyclone Ditwah
-
Features4 days agoCliff and Hank recreate golden era of ‘The Young Ones’
