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Unit 3 of Norochcholai Power Plant inoperative due to Breakdown – Minister assures no Power Cuts

Sunday, March 19, 2023 - onlanka.com

Norochcholai Lakvijaya coal power plant

Unit 3 of the Norochcholai Coal Power Plant is inoperative due to a breakdown, Power and Energy Minister Kanchana Wijesekera said.

Minister said the Ceylon Electricity Board (CEB) has informed him about the breakdown.

According to the Minister, the third generating unit was due to undergo major overhaul maintenance in April.

However, he said there will be no power cuts due to it.

“To ensure an uninterrupted power supply, CEB owned Diesel and Fuel Oil Power plants will be used,” the minister said.

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onlanka.com - Unit 3 of Norochcholai Power Plant inoperative due to Breakdown – Minister assures no Power Cuts

The International Monetary Fund (IMF) has announced that the IMF Executive Board approved Sri Lanka’s program under the Extended Fund Facility (EFF).The post Sri Lanka receives IMF approval for USD 2.9 Billion bailout package appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.

IMF chief wants fight against corruption in Sri Lanka to continue

Monday, March 20, 2023 - colombogazette.com

International Monetary Fund (IMF) Managing Director Kristalina Georgieva says ongoing efforts to tackle corruption in Sri Lanka should continue, including revamping anti-corruption legislation. She also said that a more comprehensive anti-corruption reform agenda should be guided by the ongoing IMF governance diagnostic mission that conducts an assessment of Sri Lanka’s anti-corruption and governa...

President Ranil Wickremesinghe to address the nation

Monday, March 20, 2023 - colombogazette.com

President Ranil Wickremesinghe is to address the nation tomorrow (Tuesday), State Minister of Finance Shehan Semasinghe said. The State Minister said that that the background required to obtain the approval was prepared with the patience and trust of the people of the country, as well as the unpopular but necessary reforms in the country that […]

US$333 million to be released to Sri Lanka immediately

Monday, March 20, 2023 - colombogazette.com

The decision by the Executive Board of the International Monetary Fund (IMF) to approve a bailout package for Sri Lanka will enable an immediate disbursement of US$333 million and catalyze financial support from other development partners, the IMF said. The Executive Board of the IMF approved a 48 month extended arrangement under the Extended Fund […]

IMF Executive Board approves US$3 billion under new EFF arrangement for Sri Lanka

Monday, March 20, 2023 - adaderana.lk

The Executive Board of the International Monetary Fund (IMF) approved today a 48 #8209;month extended arrangement under the Extended Fund Facility (EFF) with an amount of SDR 2.286 billion (395 percent of quota or about US$3 billion), the international lender announced.

IMF Executive Board approves bailout package for Sri Lanka

Monday, March 20, 2023 - colombogazette.com

The Executive Board of the International Monetary Fund (IMF) has approved a bailout package for Sri Lanka. President Ranil Wickremesinghe welcomed the announcement that the IMF Executive Board, which met today, had approved the Extended Fund Facility for Sri Lanka. The program approved by the IMF will allow Sri Lanka to access financing of up […]