News
Upbeat Minister Gammanpila says success in gas and oil exploration can save national economy
…declares country in debt to the tune of USD 47 bn
Minister of Energy Udaya Gammanpila has claimed that the USD 267 billion worth of oil and gas resources in the Mannar Basin could generate three times the total debt of the country. The Pivithuru Hela Urumaya leader said so at the Consultative Committee on Energy held in Parliament on Tuesday (07).
The Minister said that though those who had invested in oil and gas exploration were given 50% of the income, Sri Lanka would receive USD 133.5 billion and it is almost three times the total debt of the country which amounts to USD 47 billion.
The Minister made this observation while briefing the Committee on the Petroleum Resources Bill to be tabled in Parliament for the second reading. Accordingly, the Bill was approved by the Committee.
The Minister said the Bill, which sought to regulate and manage the exploration of petroleum resources, including the establishment of the Petroleum Development Authority of Sri Lanka, will be presented to Parliament as a matter of priority for the Government.
Minister of Energy Udaya Gammanpila said that the Norochcholai power plant could operate for 120 years only from the gas in the Mannar Basin and the Sapugaskanda oil refinery could operate for 143 years with the locally tapped oil alone.
Although our neighbouring country India has been extracting oil and gas from the seas close to Sri Lanka since the 1940s, Sri Lanka has missed it due to various reasons. After lengthy discussions with experts on the subject, it was identified that there were several reasons that contributed to the aforesaid failure, Minister said.
Adding that large companies around the world had not come to explore oil resources in Sri Lanka in the recent past due to various reasons.”We took steps to hand over this task to experts on the subject matter through the establishment of the Petroleum Development Authority given the lack of understanding on the scope of the subject by the officials who were to take decisions in this regard previously. Also, as the regulatory powers such as the issuance of licenses were completely concentrated in the hands of the Minister, all activities had been disrupted when there was a change of the Minister. Therefore, we have decided to transfer all the powers of the Minister to the Board of Directors of this Authority. Also, a modern map was prepared to replace the existing traditional map for oil and gas exploration” the Minister added.
The Bill would also introduce a strong legal framework to protect those large investments and appoint a special committee to advise the Minister, as billions of dollars would have to be invested in the industry, the Minister of Energy said.
Furthermore, in general, a country would succeed in one after drilling seven wells in search of oil and gas according to world standards. The Norwegian government had to dig 31 wells for one success story whilst 3 out of 4 wells drilled in Sri Lanka were successful, the Minister said.
He also said that he intended to seek the assistance of Sri Lankan experts in the field from around the world.
Committee Members State Minister Jayantha Samaraweera, Members of Parliament Chandima Weerakkody, Nalin Bandara, Muditha Prishanthi, Gunathilaka Rajapaksha, B.Y.G Ratnasekera and Secretary to the Ministry Mrs. K.D.R. Olga were present at the meeting.
News
Families of those sentenced to death for killing MP Atukorale seek AKD’s intervention
FSL assures legal backing for them
Families of those sentenced to death by the Three-member Gampaha High Trial-at-Bar, over the killing of SLPP MP Amarakeerthi Atukorale, and his police bodyguard, met a senior official of the Presidential Secretariat, yesterday (23), to seek backing for their move to appeal against the verdict.
Having made representations, they addressed the media, outside the Presidential Secretariat, where they declared their intention to move the higher court against the decision.
The SLPP MP and his security officer were killed by an Aragalaya mob on 09 May, 2022, at Nittambuwa. The same day Aragalaya mobs unleashed violence against the then government MPs across the country, torching dozens of their properties.
The Frontline Socialist Party (FSP) yesterday said that they would help the families of those sentenced to death to move court against the Gampaha High Court Trial-at-Bar decision. Responding to The Island queries, FSP spokesman Pubudu Jayagoda said that their representatives had already met the families and necessary work was being done to move the Supreme Court. Twenty three persons were acquitted and four handed six-month prison terms, suspended for five years
Jayagoda said that one of the HC judges differed in the ruling. Asked whether they received backing from any other political party and groups that had been involved in the 2022 protest campaign to defend those who had been found guilty, Jayagoda said such support was lacking.
The JVP/NPP played a significant role in the violent protest campaign that forced President Gotabaya Rajapaksa to step down. Pointing out that the Attorney General, too, was appealing against the court decision on the basis that the number of persons sentenced to death should be much higher, Jayagoda said that the Nittambuwa incident couldn’t be examined in isolation without taking into consideration the SLPP goon attack on Galle Face protesters on 09 May, 2022. (SF)
News
OPV leaves Baltimore, expected in Colombo in May
Offshore Patrol Vessel P 628 of the Sri Lanka Navy departed Baltimore, USA, for Colombo, on 20 February.
The ex-United States Coast Guard Cutter, USCGC Decisive was officially handed over to the SLN on 02 December, 2025, as the latest addition to the SLN fleet, under the Pennant Number P 628.
Measuring 64 metres in length, this ‘B-Type Reliance Class 210-foot Cutter’ is equipped with advanced technological systems and facilities, capable of conducting extensive surveillance operations spanning up to 6,000 nautical miles per patrol.
The vessel’s voyage to Colombo is historic, possibly marking the longest-ever passage undertaken by a Sri Lanka Navy ship. Covering approximately 14,775 nautical miles, the journey will see the P 628 navigate from Baltimore through the Atlantic Ocean, the Panama Canal (a first for a Sri Lankan naval vessel), the Pacific Ocean, and into the Indian Ocean, via the Straits of Malacca. The ship is expected to arrive in Sri Lanka during the first week of May, 2026.
News
Unions sound alarm over coal procurement and power sector restructuring
Power sector is once again facing mounting turbulence, with trade unions alleging serious irregularities in coal procurement and warning that ongoing restructuring efforts could trigger far-reaching consequences for the country.
Kosala Abeysinghe, President of the Ceylon Electricity Board Technicians’ Union, said the energy sector is being pushed towards “a dangerous and avoidable crisis” at a time when the nation is still navigating a fragile economic recovery.
Abeysinghe alleged that a “coal scam” has created serious concerns within the sector.
“There are grave questions surrounding the coal procurement process,” Abeysinghe said. “If these irregularities are not immediately investigated and rectified, the financial burden will ultimately fall on the people of this country.”
Coal-fired generation remains a critical pillar of Sri Lanka’s electricity supply. Any disruption in procurement or pricing mismanagement has the potential to increase generation costs and impact consumer tariffs.
“This is not just about a tender or a contract,” he stressed. “It directly affects electricity tariffs, supply stability and the economic wellbeing of millions of citizens.”
Abeysinghe also voiced strong opposition to what he described as an “irregular and unstructured” restructuring of the power sector. According to him, reforms are being carried out without adequate technical consultation or stakeholder consensus.
“The restructuring process appears to be moving forward without a clear, transparent and technically sound framework,” he said. “Weakening the institutional strength of the power sector in this manner could create long-term vulnerabilities.”
He further emphasised that the unfolding situation goes beyond trade union interests.
“This is not merely a labour issue,” Abeysinghe said. “It is a national issue. The stability of the electricity supply underpins every household, every business and every industry in Sri Lanka.”
Warning of possible escalation, he noted that trade unions are prepared to consider further action if their concerns are not addressed.
“We do not wish to inconvenience the public,” he added. “However, we cannot remain silent if decisions are being taken that endanger the country’s energy security.”
With electricity supply forming the backbone of Sri Lanka’s economic activity, the allegations and warnings are likely to intensify scrutiny over the management and future direction of the energy sector in the coming days.
by Ifham Nizam
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