No hike in power tariff
Jul 18, 2010 8:00:00 PM - aussieindolanka.com
The Power and Energy Ministry will submit a proposal to the Public Utility Commission to look into possibilities of reducing electricity prices to benefit consumers as the Ministry will prevent electricity production costs from going up under its power sector reforms for the next five years.
Power and Energy Minister Champika Ranawaka yesterday said they will stabilize the unit cost of electricity production.
He said the current production cost of electricity, which is Rs 17.50 per unit will be stabilized under the Power and Energy Ministry’s Power-Lanka, Vision for Future Energy 2010 program.
Minister Ranawaka said they will submit a proposal to the Public Utility Commission, not to increase electricity tariffs for five years, or even to reduce electricity prices during the course of the next two years.
He said the Power and Energy Ministry has stepped up action to convert its high-cost thermal power plants to low-cost thermal plants as a short-term measure to cut down its energy generation costs.
Oil prices in the market can more or less affect their efforts. Nevertheless, the Minister said, the world’s highest charges for electricity is in Sri Lanka.
Asked how the Ceylon Electricity Board (CEB) will be converted to a profit making institute under Power-Lanka Energy Reforms, if they further cut down electricity prices given