News
Wimal unfazed by loss of profit-making Lanka Phospate Co.
… hopes new minister will sustain successful operations
By Shamindra Ferdinando
National Freedom Front (NFF) leader and Industries Minister Wimal Weerawansa yesterday (20) said that he hoped Lanka Phosphate Company would continue to achieve success under the purview of any other ministry.
A spokesperson for NFF quoted Minister Weerawansa as having said that he wished Phosphate deposit at Eppawela would be utilised in a way beneficial to the country for generations to come.
The Minister said so in the wake of President Gotabaya Rajapaksa bringing Lanka Phosphate under Agriculture Minister Mahindananda Aluthgamage by way of a special gazette notification. This has been done at the expense of Minister Weerawansa.
The NFF official emphasised that the loss-making Lanka Phosphate Company had been transformed during Weerawansa’s tenure as the Industries Minister and by June 2021 the state venture recorded Rs 104 mn operating profit.
The NFF also released relevant documents pertaining to losses suffered before Weerawansa took over the Industries Ministry. Pointing out that the public sector enterprise had suffered an operating loss of Rs 80.8 mn loss in 2016/2017 financial year, the NFF said that Industries Ministry under Weerawansa’s leadership proved that bankrupt institutions, too, could be turned around.
The new administration now bore the responsibility for sustaining the successful operation, the NFF said, adding that the party expected the continuation of work undertaken by Minister Weerawansa. The NFF pointed out that Lanka Phosphate Company undertook production of organic fertiliser during an initial Covid-19 eruption and was aiming to expand its operation. Had the company achieved success valuable foreign exchange could have been saved, the party said, estimating annual expenditure on fertiliser imports at Rs 33 bn.
The phosphate project has been under the Geological Survey and Mines Bureau since its inception in 1974. Having set up a Phosphate company in 1991 and an abortive attempt was made in 2000 to sell it off to a private company, the NFF said, pointing out that since then the enterprise remained under the Industries Ministry. However, the previous government brought it under the Agriculture Ministry as the then minister in charge of portfolio Duminda Dissanayake represented the area where the Eppawela phosphate deposit was, the NFF said.
After the change of government in 2019, Lanka Phosphate Company was brought back under the Industries Ministry, the NFF said.
Minister Weerawansa explained measures taken by him to transform the loss-making venture and manage the operation in a way that brought benefits to the farming community.
He said that at the time of the issuance of the gazette they were planning to launch a new product Biogenic Microbial Phosphate as part of the overall development of the enterprise. The former JVP heavyweight denied accusations that he interfered with the management or in any other way hindered the smooth running of the operations.
The NFF said that it wouldn’t worry over the transferring of Lanka Phosphate Company to the Agriculture Ministry though some believed that the development should be examined against the backdrop of emerging differences between the ruling Sri Lanka Podujana Peramuna (SLPP) and its constituents. Minister Weerawansa last week joined seven other lawmakers to issue a statement condemning the General Secretary of the SLPP Attorney-at-Law Sagara Kariyawasam for demanding Energy Minister Attorney-at-Law Udaya Gammanpila’s resignation over hike in fuel prices.
The NFF said that the government at least didn’t inform the party of the intended change. It could have been handled in a much better way, the party said, urging the SLPP administration to be mindful of the relationship among the constituents.
News
Maldives Coast Guard Ship Huravee departs island
The Maldives Coast Guard Ship Huravee which arrived in Sri Lanka for replenishment purposes, departed the island on 04 Mar 26.
In accordance with naval tradition, the Sri Lanka Navy extended a customary farewell to the departing ship at the Port of Colombo
News
‘IRIS Dena was Indian Navy guest, hit without warning’, Iran warns US of bitter regret
A day after a US submarine sunk an Iranian Navy warship off the coast of Sri Lanka, the Foreign Minister of Iran, Sayed Abbas Araghchi, has warned that the US would “pay bitterly” for targeting a ship in international waters, The Tribune has reported.
Araghchi posted on social media platform X on Thursday saying, “The US has perpetrated an atrocity at sea, 2,000 miles away from Iran’s shores.”
The frigate IRIS Dena, a guest of India’s Navy carrying almost 130 sailors, was struck in international waters without warning, said the Iran Foreign Minister, adding, “Mark my words: The US will come to bitterly regret the precedent it has set.”
US Secretary of War, Pete Hegseth, on Wednesday confirmed that a US submarine fired a torpedo and sank the Iranian Navy vessel IRIS Dena west of Sri Lanka.
In a way, the Iran and US-Israel conflict has reached close to the Indian coast. The strike today at sea was almost 4,000 kms away from Iran, significantly expanding the radius of war. Already, fearing Iranian missile strikes, several US warships have moved eastward towards India.
These ships are in international waters. India has denied that any US Navy assets were using Indian ports. The Iranian ship, hit on Wednesday, was returning after participating in the international fleet review and exercise Milan hosted by India at Visakhapatnam.
The Iranian ship went down with almost 130 sailors on board missing. The Sri Lankan Navy, acting on a distress call, rescued 32 of the Iranian sailors. Hegseth confirmed the act by the US forces, saying the ship was hit in the Indian Ocean, stating, “an Iranian warship that thought it was safe in international waters. .. Instead, it was sunk by a torpedo”.
Hegseth did not name the Iranian ship that was attacked. But earlier, the Sri Lankan Navy reported the distress call from IRIS Dena when it was some 40 kms west of Galle, located on the south-western part of the island country. On February 16, the Iranian ship had sailed into the port of Visakhapatnam, where seventy-four nations participated.
Warships from Australia, Japan, South Korea, Russia, and dozens of others were anchored alongside the now-sunk Iranian vessel. Iran’s Navy Commander, Rear Admiral Shahram Irani, held talks with India’s Chief of Naval Staff on strengthening maritime security cooperation.
The theme was “United through Oceans.” Notably, the US Navy was supposed to send the guided-missile destroyer USS Pinckney to the exercise Milan; however, the ship was diverted to Singapore on February 15. The US did not field its warship in Milan, which had ships from Russia and Iran.
The exercise ended on February 25. Three days later, on February 28, the United States and Israel launched Operation Epic Fury. The IRIS Dena was transiting home. This morning at 5:08 a.m. local time, the IRIS Dena issued a distress call. Sri Lanka’s Foreign Minister, Vijitha Herath, informed parliament that two navy vessels and an aircraft were deployed. Thirty crew members were rescued and admitted to Karapitiya Hospital in Galle.
The Straits Times reported 32 critically wounded survivors. Reuters reported 101 missing and 78 wounded. The Sri Lankan Navy spokesman said the operation was conducted in line with the International Convention on Maritime Search and Rescue.
News
Risk of power cuts due to use of low-quality coal,PUCSL warns
The Public Utilities Commission of Sri Lanka (PUCSL) has warned of a possible risk of power cuts due to the use of inferior quality coal affecting generation capacity at the Lakvijaya Power Plant, according to a recent commission report.
The commission said the risk to the continuous electricity supply was assessed based on the peak demand forecast submitted by the Ceylon Electricity Board (CEB) for 2026.
According to the report, the analysis assumed that hydropower plants could contribute up to 1,300 MW to meet the night peak demand, while the Lakvijaya Power Plant (LVPS) would be able to contribute only up to 690 MW due to a capacity shortfall, assuming a 40 MW generation capacity reduction from each unit.
The PUCSL said the assessment was carried out taking into account the planned maintenance schedule submitted by the CEB. Under the schedule, Unit 1 of the Lakvijaya plant is due to undergo maintenance checks and repairs in June for a period of 25 days, while Unit 2 is scheduled for maintenance in July for another 25 days.
The report also noted that the 270 MW West Coast Power Plant is scheduled to undergo maintenance in April for 10 days, while the 150 MW Kelanitissa Combined Cycle Power Plant (KCCP 2) is expected to undergo maintenance during May, June and July.
Under normal conditions, the report said, there is a potential risk of a generation capacity shortage if electricity demand reaches 3,030 MW in April, 3,070 MW in June and 3,000 MW in July.
The highest recorded night peak demand so far in 2026 was 2,949 MW on February 25.
The PUCSL further warned that if one coal unit or any major power plant becomes unavailable from the existing generation mix, there would be a significant risk of a generation capacity shortage to meet the night peak demand, particularly during April, June and July.
Energy sector analysts said the use of substandard coal could further aggravate operational challenges at the Norochcholai plant, potentially affecting generation efficiency and reliability if corrective measures are not taken promptly.
By Ifham Nizam
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