Emergency power costs SL Rs 40B

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By 2018-01-21

By Ishara Gamage

Due to delays in construction of least-cost power plants in Sri Lanka, the Government has spent a whopping Rs 38.5 billion on emergency power purchases during the first eight months of last year (2017), a top Ceylon Electricity Board (CEB) official told Ceylon FT.

According to him, the average purchasing cost per unit was around Rs 31.
During the first eight months of 2017, the CEB has purchased over Rs 18 billion worth of power from Aitken Spence-owned ACE Power Embilipitiya (Pvt) Ltd, Rs 11.4 billion worth of power from Ace Power Generation Matara Ltd, and Rs 5 billion paid to the Scotland-based Aggreko PLC. The Government also purchased a massive Rs 14.1 billion worth of power from Barge Mounted Power Plant (BMPP), owned by Colombo Power Private Limited (CPPL) since late 2015.

The Power and Energy Ministry has identified that several power plants under the approved long-term power-generation plan have been delayed due to inefficiencies in the CEB.

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