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Cabinet approves electricity tariff hikes under 2 steps!

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Although the electricity tariff has been increased in the past, it is not sufficient to cover the loss of the electricity board and thus, the request to increase the electricity bill has received cabinet approval.

The aforesaid was disclosed at the Sub Committee on Identifying the Short & Medium-Term Programmes related to Economic Stabilization of the National Council held yesterday (29).

Accordingly, the Cabinet has approved to increase the electricity tariffs under two steps in January and June 2023 and accordingly the relevant measures are to be taken for the purpose of obtaining approval of the Public Utility Commission, said Mr. Rohan Seneviratne, Additional General Manager of the Electricity Board.

This was disclosed at the Sub Committee on Identifying the Short & Medium-Term Programmes related to Economic Stabilization of the National Council held under the Chairmanship of Patali Champika Ranawaka, Member of Parliament.

The representatives of the government and private institutions related to the power sector were called before the Committee to obtain proposals for the purpose of solving the issues in the power sector.

In order to cover the current loss, the electricity bill should increase by about 70%, the electricity board representatives said.

The chairman of the committee also pointed out the dangers such as the collapse of businesses even if the electricity tariffs are increased with the aim of covering the loss of the electricity board.

It was also disclosed that the Electricity Board currently owes nearly 650 billion rupees as loans to various parties including banks and electricity suppliers. Electricity Board representative stated that out of the amount to be paid, nearly 35 billion rupees are to be paid to the organizations that supplied renewable energy and 75 billion rupees are to be paid for Thermal power suppliers. Thus, it was said that it is expected to least make part payment to the suppliers from the 50-billion-rupee loan expected to receive.

The representatives of the renewable energy sector including solar energy and the representatives of other private institutions related to the power sector briefed the committee about their concerns and the reforms that should take place in the power sector.

The State Minister for Power and Energy – Indika Anuruddha was also present at the Committee meeting held. The state minister, who joined the discussion with the representatives of the power sector, said that he would work to provide solutions to these problems.

State Minister – Sivanesathurai Santhirakanthan as well as Members of Parliament Mano Ganesan and M. Rameshwaran were present at this Committee meeting held.

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Victoria Nuland to visit Sri Lanka next week

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The United States Under Secretary of State for Political Affairs Victoria Nuland will undertake an official visit to Sri Lanka, next week.

During her visit to Sri Lanka, Under Secretary Nuland will mark the 75th anniversary of U.S.-Sri Lanka relations which coincides with Sri Lanka’s 75th anniversary of Independence.

The American Embassy in Sri Lanka says this in a statement.

Full statement is below.

U.S. Under Secretary of State for Political Affairs Victoria Nuland Travels to Colombo for Bilateral U.S.-Sri Lanka Talks

United States Under Secretary of State for Political Affairs Victoria Nuland arrived in Colombo with an interagency delegation for meetings with the Government of Sri Lanka, as well as business and civil society leaders.  Other senior members of the interagency delegation include Assistant Secretary of State for South and Central Asian Affairs Donald Lu, and Principal Deputy Assistant Secretary of Defense for Indo-Pacific Security Affairs Amanda Dory.

Under Secretary Nuland and Minister of Foreign Affairs Prof. Gamini Lakshman Peiris will co-chair the 4th U.S.-Sri Lanka Partnership Dialogue which will address strengthening democratic institutions, human rights, sustainable economic development, mitigating climate change, deepening trade and investment ties, regional security, and educational cooperation.

Under Secretary Nuland, Ambassador Chung, and the U.S. delegation will meet with Sri Lankan President Gotabaya Rajapaksa to discuss the challenges posed by the global pandemic and ways to strengthen the U.S.-Sri Lankan partnership.

Under Secretary Nuland and the U.S. delegation will also meet with representatives of civil society and the

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Public urged to inform of unauthorized power outages

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General Public and electricity consumers requested to inform the Public Utilities Commission of Sri Lanka (PUCSL) in writing of any unauthorized power outages imposed by the Ceylon Electricity Board (CEB).

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Speaker endorses certificate on 2 Bills

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Speaker Mahinda Yapa Abeywardena endorsed the certificate recently (24) on the Regulation of Election Expenditure Bill and the Bureau of Rehabilitation Bill which were debated and passed in Parliament recently.

Accordingly, these bills come into force as the Bureau of Rehabilitation Act No. 2 of 2023 and the Regulation of Election Expenditure Act No. 3 of 2023.

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