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Restructuring will continue despite CPC’s current financial stability – Kanchana

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During a media briefing held today (04), Minister of  Power and Energy – Kanchana Wijesekera, addressed accusations from various parties regarding the electricity price revision. 

He highlighted that in June’s price revision, the government provided a significant 55% relief in electricity prices to 3.5 million out of the total 6 million consumers.

Additionally, the minister emphasized that concessions were granted to religious establishments and industries during the revision process. Moreover, he mentioned the establishment of a favourable environment for initiating new renewable electricity projects.

Minister Wijesekera made these statements during his participation in a media briefing held at the Presidential Media Centre under the theme of “Collective path to a stable country.”

Regarding fuel supply, the minister announced that the first fuel shipment from one of the two companies contracted by the Petroleum Corporation would arrive in Sri Lanka at the end of the current month. This marks the beginning of fuel distribution operations by the new suppliers.

Furthermore, the minister expressed confidence in the government’s program, led by President Ranil Wickremesinghe, to promote financial stability in both the Electricity Board and the Petroleum Corporation. These entities he said have undergone financial crises but are now on a path towards achieving stability. 

Addressing the press conference the minister said;

In the past year, our country faced challenges such as fuel queues and power cuts. However, under the decisions made by the new government, significant progress has been achieved in eliminating fuel queues and ensuring continuous electricity supply.

The revision of electricity prices took place in January and June, benefiting around 6 million household consumers. A 55 per cent price reduction was implemented for approximately 3.5 million consumers using 30 to 60 units of electricity. Additionally, concessions were provided to the industrial sector during the price revision. There are approximately 40,000 registered religious shrines, and about 15,000 of them consume less than 30 units of electricity.

The electricity board had been facing significant financial losses, with a total loss of Rs. 409 billion in the past. However, last year’s loss was reduced to Rs. 167.2 billion. The government has successfully completed all payments to suppliers and has created a favourable environment for initiating new renewable electricity projects. Additionally, steps have been taken to remove a Rs. 120 billion debt from the balance sheet of the Petroleum Corporation, resulting in the electricity board’s improved financial position.

With the strengthened financial position, the electricity board plans to resume maintenance work and provide new connections that were put on hold in the past three years. Out of the 36,000 new connection applications received, 20,000 connections have already been completed, and efforts are underway to fulfil the remaining connections within the next two months.

Furthermore, the Petroleum Statutory Corporation has established contracts with two new agencies for a consistent supply of fuel since September last year. These agencies are scheduled to commence fuel supply by the end of this month, and the first fuel shipment is expected to arrive in Sri Lanka at the same time. Around 150 fuel stations have been registered by these agencies so far, ensuring reliable fuel availability.

After the arrival of their ship in Sri Lanka, fuel distribution was initially carried out under the name of Ceypetco. However, future distribution will be conducted under their own company name. To address outstanding debts, including those owed to Indian and Iranian creditors as well as fuel suppliers, the Ministry of Finance has imposed a tax of Rs.50 per liter of fuel during distribution.

The Petroleum Corporation has successfully repaid all loans owed to the Bank of Ceylon and the People’s Bank, resulting in its strengthened financial position. Despite this, the restructuring process of the Petroleum Corporation will continue as planned. The revised draft for the restructuring of the Electricity Board has been forwarded to legislators, and once received, it will be submitted to the Attorney General and subsequently presented to the Cabinet for recommendations. There is a possibility of passing a new act in this regard.

There is no pressure on the employees of the electricity board, and efforts are being made to verify the status of employees who have completed NVQ courses but are currently unemployed.

Legal actions are being taken against fuel stations that failed to maintain oil stocks during the fuel price revision. One such station, the Rajagiriya petrol station, has already been taken over by the government. Complaints have been received regarding 120 fuel filling stations that did not comply with stock maintenance requirements during fuel price revisions, and future plans involve implementing appropriate legal measures.

The decision has been made not to hire new employees, as the current number of employees in the Ministry and its associated institutions is deemed sufficient. The President, along with the Prime Minister and the government, has planned to enhance the effectiveness and efficiency of government institutions based on collective decisions.

Investors who previously submitted tenders for renewable energy have not yet responded. It has been discovered that some of the organizations that were awarded tenders have sold them to other entities. As a result, the tender call for 500 megawatts of renewable energy is expected to be cancelled in the upcoming cabinet meeting, and a fresh tender call will be issued. Additionally, the necessary permissions have been granted to the ‘Adani’ company for the construction of a 500 MW renewable energy power plant. Their energy generation is projected to be integrated into the national grid by December of next year.

While the majority of employees from these institutions have expressed their desire for the restructuring of the Petroleum Corporation and the Electricity Board, some protests have emerged due to concerns regarding potential loss of trade union privileges. However, granting salary increments and bonuses to loss-making organizations is not deemed acceptable. Such practices are not prevalent in any country worldwide. A 25% salary increase every three years for the 24,000 employees of the Electricity Board has been discontinued.

Salary increments are allocated exclusively to employees who are actively working and demonstrate productivity. It is a common practice worldwide to provide salary increments selectively rather than uniformly across an organization. Similarly, bonuses distributed in April and December are contingent upon the company’s profitability and are awarded solely to employees who contribute effectively.

In collaboration with Indian loan assistance, plans are underway to equip government institutions and religious sites with solar panels. Each religious place will be provided with a five kilowatt solar panel, while government institutions will receive solar panels suitable for their roof sizes. The implementation of this project is scheduled to commence within the next two months.

Attention has also been directed towards exploring nuclear energy options, with plans to incorporate it into the 2023-2042 generation plan. A comprehensive evaluation will determine the suitability and viability of nuclear energy for our country, and subsequent decisions will be made accordingly.

(President’s Media Division)

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50th ordination anniversary of Malcolm Cardinal Ranjith, held (Pics)

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President Anura Kumara Disanayake stated that the life of His Eminence Malcolm Cardinal Ranjith serves as an exemplary model in an era when the moral and spiritual values of society are in decline.

The President made these remarks yesterday (July 07), delivering a speech at the felicitation ceremony organized by the Archdiocese of Colombo to mark the 50th Ordination Anniversary of His Eminence Malcolm Cardinal Ranjith’s sacred priesthood. The event was held at the Archbishop’s House in Colombo.

The President stated that His Eminence is deeply engaged in a tireless mission to uphold social harmony and spiritual upliftment. He is a statesman who has rendered a significant service to the country, a theological scholar capable of articulating the teachings of the Bible with clarity, a powerful orator with the ability to awaken society and above all, a true humanitarian whose influence extends beyond these roles.

The President further affirmed that every possible step will be taken to ensure justice for the victims of the Easter Sunday attacks, without allowing the passage of time to obscure the truth. He emphasized that this is a challenge the government must confront, even within its own institutions and no matter how difficult it may be, justice must be served.

Addressing the gathering, His Eminence Malcolm Cardinal Ranjith reflected on his 50 years of priestly service and commended President Anura Kumara Disanayake for his success in ending a 75-year era of autocratic rule. He also expressed appreciation for the President’s efforts to dismantle a political culture rooted in spreading division among ethnic communities and emphasized the need for a new approach as the country moves towards becoming a prosperous nation.

On this occasion, to mark the 50th Ordination Anniversary of His Eminence Malcolm Cardinal Ranjith’s priesthood, a commemorative stamp and first-day cover were officially presented to the President.

His Eminence Malcolm Cardinal Ranjith was born in 1947 in the Polgahawela area of Kurunegala. He was ordained as a priest on June 29, 1975, at St. Peter’s Basilica in the Vatican, by Pope Paul VI. Thereafter, he served in various roles including Assistant Parish Priest, Acting Parish Priest, Lecturer in theology and professor at the seminary. He is proficient in multiple languages including Sinhala, Tamil, English, German, French, Spanish and Indonesian.

In 1991, under the leadership of then-Archbishop His Eminence Nicholas Marcus Fernando, he was appointed as Auxiliary Bishop of the Archdiocese of Colombo, with his episcopal ordination taking place at the Basilica of Our Lady of Lanka in Tewatte.

Subsequently, on June 16, 2009, Malcolm Ranjith was appointed as the Archbishop of the Archdiocese of Colombo. A year later, on November 20, 2010, he was elevated to the rank of Cardinal at the Basilica of Saint Lawrence in Italy. With this appointment, His Eminence Malcolm Cardinal Ranjith became the second Sri Lankan to receive the blessing of holding the title of Cardinal. He has held numerous positions both nationally and internationally, including serving as chair of several international assemblies.

His Eminence has been the recipient of numerous international accolades, including the Thomas Aquinas Medal for Religious Studies awarded by the Thomas Aquinas College in the United States and the 7th Giuseppe Sciacca International Award for Cultural Achievement, conferred in 2008 by the President of the Italian Republic. A respected writer as well, he has contributed a multitude of articles to journals and newspapers.

Ven. Anunayaka of the Malwathu Chapter, Most Venerable Niyangoda Vijithasiri Thero and Ven. Dr. Omalpe Sobhitha Nayaka Thero extended their wishes during the occasion.

The event was also graced by the Maha Sangha of the three Nikayas, religious leaders from all faiths, President of the Catholic Bishops’ Conference of Sri Lanka, Bishop Harold Anthony Perera, the Charge de Affairs of the Apostolic Nunciature Msgr. Roberto Lucchini,  Auxiliary Bishops of Colombo Most Rev. Maxwell Silva and Most Rev. Anthony Jayakody, other Catholic clergy, Prime Minister Dr. Harini Amarasuriya, Opposition Leader Sajith Premadasa, several Ministers and Members of Parliament, Commanders of the Tri-Forces, the Acting Inspector General of Police, Ambassadors and many other distinguished invitees.

(President’s Media Division)

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Wazeeth sworn in as SLMC MP

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Mohamed Sheriff Abdul Wazeeth was sworn in as a Sri Lanka Muslim Congress (SLMC) National List MP before Speaker – Dr. Jagath Wickramaratne today (July 08).

He took over the Parliamentary seat that became vacant following the resignation of M.S. Naleem.

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No-faith motion against Speaker?

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It has been reported that opposition ranks are planning to table a No-Confidence Motion against the Speaker – Dr. Jagath Wickramaratne.

According to political sources, many opposition parties have already agreed to support the move, with a final decision expected to be reached today (July 08).

The NCM is said to be based on several allegations of the Speaker obtaining additional benefits, misusing powers of his office and acting in a biased manner,  favouring the ruling party.

Meanwhile, during a Samagi Jana Balawegaya (SJB) group meeting yesterday, criticisms have been raised on certain facilities and privileges the Speaker is said to have obtained.

In recent weeks, several opposition MPs, including Dayasiri Jayasekara, have publicly criticised the Speaker’s conduct in Parliament.

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