‘Low-cost power generation confused the Opposition’ | Daily News


‘Low-cost power generation confused the Opposition’

Power generation at minimum cost is the avowed policy of the Power and Energy Ministry. This has been practically proved by the Ministry by purchasing emergency power at a price much lower than the prices which prevailed earlier. That has caused much confusion among the Opposition, Power Energy and Business Development Minister Ravi Karunanayake said.

The Minister said this at a ceremony held at Jetwing Holdings Company to mark the signing of an agreement between Gingdo Holdings Power Equipment Ltd of China and the Ceylon Electricity Board for the construction of a new 300-metre electricity transmission line.

The project costing US$ 115 million funded by the Asian Development Bank (ADB) would be handled by Theresa Holdings Pvt Ltd. The Minister who challenged opponents to show how emergency power could be purchased at a price lower than the price negotiated by the CEB this time, said his Ministry always acted in a transparent manner to protect both the CEB and the consumer.

The Minister said they were happy to see a Sri Lankan company and an international company partnering to modernise the electricity transmission and distribution network in Sri Lanka.

He said he would extend an open invitation to international companies to join hands with the CEB to provide an electricity service at minimum cost to consumers.

He said the CEB had negotiated with the ADB to produce a 300-kilometre electricity distribution network within a span of one and a half years.

Ministry Secretary Dr. Suren Batagoda and CEB Chairman Rakhita Jayawardena were also present on the occasion.

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