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PUCSL chief requests CEB to propose electricity tariff reduction

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The chairman of the Public Utilities Commission (PUCSL) has urged the Ceylon Electricity Board (CEB) to propose a tariff reduction taking into account the recent developments in the country that drive down the electricity utility.

In a press release, PUCSL chief Janaka Ratnayake listed several reasons as to why the CEB should slash the tariffs.

He stated that, as per actual data for the first quarter of the year, the electricity demand in the country has dropped by 18% in comparison to 2022, explaining that this reduces the reliance on high-cost oil-fired thermal electricity generation.

Apart from the demand, the USD exchange rate too has gone down from LKR 370 per USD to around LKR 325 per USD, which is a 13% reduction, Ratnayake noted, thus noting that this brings down fuel and other import costs of the CEB. “This alone would reduce costs by about 20% per annum.”

In addition to the aforementioned two cost divers, the international fuel prices too have reduced significantly, and as a result, the fuel costs to CEB would reduce significantly. “At present, the Richards Bay Coal index is at 133 USD/MT, Singapore PLATTS for Furnace Oil is 403 USD/MT, Singapore PLATTS for Diesel is 98.38 USD/bbl and Singapore PLATTS for high-quality chemical Naptha is 674 USD /MT.”

In a recent letter to the CEB, Ratnayake requested the CEB to propose a reduced electricity tariff structure capturing all these recent developments by 15 May.

“This is expected to provide much-needed relief to all the consumers, especially the vulnerable Domestic category consumers and the SME sector of the economy,” he said further.

(adaderana.lk)

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Samitha Dulan sets world record in Kobe

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Sri Lanka’s Samitha Dulan set a new world record in the Men’s Javelin Throw F44 category at the Kobe 2024 Para Athletics World Championships.

He also won Silver in the F64 category after recording a distance of 66.49 meters.

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Fmr. state minister Diana Gamage granted bail

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Former State Minister Diana Gamage has been released on bail after appearing before the Colombo Magistrate’s Court over allegedly obtaining a passport by producing false information.

She had arrived at the Colombo Magistrate’s Court earlier today over accusations of obtaining a passport by submitting false information.

The Criminal Investigations Department (CID) had yesterday submitted a report to the Colombo Chief Magistrate’s Court, naming the former State Minister as a suspect in the case pertaining to the obtaining of a diplomatic passport after providing false information.

Accordingly, the Colombo Chief Magistrate Thilina Gamage had ordered the CID to take appropriate measures and report back to the court.

(adaderana.lk)

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

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New SL ambassador to China assumes duties

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The Ambassador-designate of Sri Lanka to the People’s Republic of China – Majintha Jayesinghe had assumed duties yesterday (May 20).

The post of the Sri Lankan ambassador to China was vacant for several months after the tenure of Dr. Palitha Kohona ended.

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