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Proposal to slash electricity tariffs by July 01 – Kanchana

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Minister of Power and Energy Kanchana Wijesekara revealed that it has been proposed that the electricity tariffs be reduced by 01 July 2024.

Speaking during today’s Parliamentary session, Wijesekara stated that accordingly, it is expected that more relief will be given to the consumers of the domestic category and that the relevant proposal will be approved by the Public Utilities Commission of Sri Lanka (PUCSL).

The Minister also explained that it has been proposed to reduce the rate charged per one unit of electricity for the first 30 units in the domestic category by Rs.02. Accordingly, the new rate per one electricity unit in that category will be Rs. 06.

The tariff charged per unit for the units consumed between 31-60 is expected to be reduced by Rs. 11, bringing down the rate charged per unit to Rs. 09.

Meanwhile, for 60-90 units the charge is to be reduced to Rs. 18. The current rate charged per unit in this category is Rs. 30, according to the minister.

Furthermore, Wijesekara also disclosed that the tariff charged per unit for the units consumed between 90- 180 will be reduced by Rs. 20, bringing down the rate charged per unit to Rs. 30.

In addition, the Minister stated that the relevant proposal will be forwarded to the Public Utilities Commission tomorrow (07) or Monday (10) and it is expected to be approved.

(adaderana.lk)

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

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Rains expected in several areas today

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Several spells of showers will occur in the Western, Sabaragamuwa and North-western provinces and in the Nuwara-Eliya, Kandy, Galle and Matara districts today (July 02), the Department of Meteorology said.

A few showers may occur in the Jaffna and Mannar districts.

Fairly strong winds of about 30-40kmph can be expected at times over the Western slopes of the central hills and in the Northern, North-central and North-western provinces and in the Trincomalee and Hambantota districts.

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IMF Executive Board approves Sri Lanka’s 4th review

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The Executive Board of the International Monetary Fund (IMF) completed the Fourth review under the 48-month Extended Fund Facility (EFF) Arrangement, allowing the authorities to draw about US$350 million, said Evan Papageorgiou, IMF Mission Chief for Sri Lanka.

This brings the total IMF financial support disbursed so far to about US$1.74 billion.

“The EFF arrangement for Sri Lanka was approved by the Executive Board on March 20, 2023 in an amount of SDR 2.286 billion (395 percent of quota or about US$3 billion). The program supports Sri Lanka’s efforts to durably restore macroeconomic stability by (i) restoring fiscal and debt sustainability while protecting the vulnerable, (ii) safeguarding price and financial sector stability, (iii) rebuilding external buffers, (iv) strengthening governance and reducing corruption vulnerabilities, and (v) enhancing growth-oriented structural reforms.”

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Cabinet approval for online traffic fine payment system – Bimal

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Minister of Transport and Highways Bimal Rathnayake has said that Cabinet approval has been granted to implement an islandwide online traffic fine payment system.

He made this statement during a media briefing near the Kottawa Expressway entrance, following a public awareness programme on mandatory seat belt use for vehicles travelling on expressways.

“The Cabinet approved the proposal today. At present, the online fine payment system is available only between Kurunegala and Anuradhapura. Now, we’re providing all police units with mobile devices, so that from this year, traffic fines can be paid from anywhere via mobile phones… Rather than paying fines, we urge everyone to drive carefully, wear seat belts, and avoid violations. Our core message is simple, travel safely,” the minister has said.

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