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Power Crisis Due To CPC Bungling

Aug 31, 2011 9:08:20 AM - thesundayleader.lk

The UNP today warned of a power crisis in the country due to bungling at the Ceylon Petroleum Corporation (CPC).

UNP parliamentarian Dayasiri Jayasekera told a press conference that a US$300 million scam at the CPC in importing low sulphur oil needed for thermal power generation has caused the country’s power crisis.

He said the CPC was purchasing low sulphur oil at US$90 per metric ton when the usual price ranges between US$27 to US$33.

He added that the stocks of oil are being purchased by a black listed foreign company.

According to Jayasekera, the Ceylon Electricity Board (CEB) has been compelled to resort to hydro power due to the CPC’s delay in supplying oil for thermal power generation.

The increased use of hydro power has resulted in the reduction of water levels in the reservoirs.

Jayasekera accused a mafia operated by a certain force in the private sector as being behind the scam.