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Jan 21, 2017

Suresh's Aggreko profits from Norochcholai breakdown Featured

Exclusive : The Ceylon Electricity Board (CEB) has decided to turn to private power producer - Aggreko for emergency purchasing of electricity, internal reports of the CEB state.

Aggreko is owned by former Tennis player and business tycoon - Suresh Subramaniam, who is also a close friend of Prime minister Ranil Wickremesinghe.

Sources say that the main reason for this move is a power generator at the Norochcholai plant being inactive from 15 Oct. 2015 onwards.

Due to the generator remaining unrepaired, authorities have been compelled to purchase power for three plants.

According to the Tender on purchasing of electricity,  Aggreko had made a bid of Rs. 36 per unit.

However, a unit of electricity was previously purchased from the private sector at a price of Rs. 23 while the cost of generating one unit of energy at Norochcholai stands at Rs. 13.

30 billion rupee loss
Recently, the Cabinet of ministers approved the purchase of 180MW of power from the private sector, due to the prevailing drought.
However, senior officials at the CEB had noted that purchasing from private power producers could incur a loss of Rs. 30 billion.


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