News

National grid to lose another 650 megawatts?

Published

2 years ago

January 10, 2023

editor

The national power grid could lose another 650 megawatts since the Ceylon Electricity Board (CEB) has failed to settle payments amounting to Rs.35 billion to private sector power generating companies, the Sri Lanka Mirror learnt.

The CEB has not paid payments for the units of electricity provided to the national grid by the companies that generate electricity through small-scale power plants, wind, solar power and waste recycling.

The last payment has been made in December 2021.

According to the agreement signed with the companies to purchase electricity, the payment must be settled at the end of each month and if payments are not settled, an interest must be paid.

In the agreement, the CEB has agreed to pay the interest based on existing interest rates.

Meanwhile, it was reported that the last payment for the solar power systems fixed on roof have been made only up to September last year.

It was reported to the Sri Lanka Mirror that some projects launched with funds obtained from bank loans are currently unable to settle their loans.

It was said that some companies bear the day-to-day expenses of maintaining these projects by taking loans at 32% interest rate.

News

Defence Ministry recalls civilian firearms

Published

9 hours ago

October 4, 2024

editor

The government has announced the temporary recall of all firearms issued to civilians by the Ministry of Defence.

In an official statement, the Ministry directed all license holders to return their firearms and ammunition to the Commercial Explosives’ Storage Facility in Welisara by November 07.

The Defence Ministry further stated that the firearms will be returned after a review and assessment of the necessity to retain them.

(dailymirror.lk)

(Except for the headline, this story, originally published by dailymirror.lk has not been edited by SLM staff)

News

Bandula not to contest Gen. election

Published

12 hours ago

October 4, 2024

editor

Former Minister of Transport and Mass Media Dr. Bandula Gunawardene says he has decided not to contest at the upcoming General elections.Speaking to media, he told that he had been in politics for more than 20 years representing the Homagama electorate and that he functioned as a Deputy Minister and as a Cabinet Minister and rendered the maximum possible service to the people in his capacity.He also revealed plans to produce another movie while continuing his further education in the upcoming years.

News

Port access elevated highway to be completed by December

Published

12 hours ago

October 4, 2024

editor

The Ministry of Transport and Highways has announced that the construction of the Port Access Elevated Highway is scheduled to be completed by December.

The Ministry stated that approximately 90% of the construction work has already been completed.

This project, which began in September 2019 with financial assistance from the Asian Development Bank, has an estimated total cost of USD 300 million.

The 5.3-kilometer-long, four-lane elevated highway will connect the Ingurukade Junction to the New Kelani Bridge and extend over the columns to Galle Face and the Port City.

Upon its opening, this highway is expected to significantly alleviate the heavy traffic congestion currently experienced in Colombo.

(News 1st)

(Except for the headline, this story, originally published by News 1st has not been edited by SLM staff)