The government says the high electricity tariff is a temporary measure to cushion losses faced by the Ceylon Electricity Board (CEB).
Addressing media heads today during a meeting with President Mahinda Rajapaksa, Power and Energy Minister Pavithra Wanniarachi said that concessions will be given to public from January once the Sampur coal power project and the Norochcholai coal power project as well as new Thermal power projects adds more electricity to the national grid.
She said that a policy decision taken by the government in 1993 not to go for a coal power project and instead purchase electricity from the private sector had resulted in today’s power crises.
Last year the Ceylon Electricity Board faced a Rs. 61 billion loss, Minister Wanniarachi said at today’s meeting with the media heads.
She said that the Norochcholai coal power plant is expected to add more electricity to the national grid in October.
The Minister also said that the Sampur coal power plant will get off the ground in July and by January next year the government will be in a position to pass the concessions to the public.
Coal and thermal power is cheaper than hydro power. (Colombo Gazette)