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Adequate coal stocks will be imported on time: Coal Company

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Lanka Coal Company (Private) Limited said the entire stock of coal required to generate electricity in Sri Lanka can be imported by April 30.

The company stated that 32 ships carrying coal are scheduled to reach Sri Lanka by April, 2023.

Five ships have already arrived in the country and another ship is scheduled to reach Sri Lanka next week.

The rest of the ships are scheduled to reach Sri Lanka from January at the rate of five ships per week.

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This week’s Cabinet decisions

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A number of decisions have been taken at the Cabinet meeting held yesterday (September 09).

The decisions taken by the Cabinet of Ministers are as follows :

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Mahapola & Bursary raised

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Cabinet approval has been granted an increase in the Mahapola Scholarship allowance for state university students to Rs. 7,500, and the Bursary to Rs. 6,500, effective from April 2025.

Both student unions and the Federation of University Teachers’ Association (FUTA) have voiced concerns over the delayed raise in the Mahapola Scholarship.

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Cabinet approval to seek BRICS membership

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Cabinet approval has been granted to a proposal by Minister of Foreign Affairs Ali Sabry to apply for membership of BRICS organization and the new development bank to be established under it.

The approval came after considering the report of an officer’s committee which looked into the  advantages and disadvantages of joining the BRICS group as well as accessing to the new development bank scheduled to be established under the BRICS organization. 

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