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CEB notifies 14% average tariff revision to PUCSL - Breaking News dailymirror.lk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailymirror.lk Daily Mail and Mail on Sunday newspapers.
Engineer D. G. D. C. Wijeratne: Reformist who made renewable energy possible island.lk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from island.lk Daily Mail and Mail on Sunday newspapers.
Let us examine the facts By Chris Ratnayake ‘The pen is mightier than the sword’ is an old adage. However, it has gained new currency in today’s world where mass communication, in the form of press and other media, greatly influences public opinion. Consequently, this valuable tool can become lethal in the hands of some […]
By Ifham Nizam Secretary to the President Dr. P.B. Jayasundera yesterday assured the Ceylon Electricity Board Senior Engineers’ Association (CEBSEA) that he would take up recent blackouts and alleged sinister moves by the Ceylon Electricity Board Engineers Union (CEBEU) with President Gotabaya Rajapaksa. Speaking on the sidelines of a press briefing at the Taj Samudra […]
by Dr Tilak Siyambalapitiya A policy change in 1995 to allow private investments in electricity generation into the grid, a standard agreement and a standard price for electricity produced, enabled such investments to pick-up faster than in other countries. The first mini-hydro power project with entirely private sector funding and private ownership commenced operations in May 1996.
The agreement and the price Dubbed the “most investor friendly agreement in the world”, Sri Lanka’s renewable energy developers were offered, since 1996, a non-negotiable 15-year agreement (20-years for projects signed after 2008). The agreement says, literally, “I will buy all your electricity produced for the next 15 years, any day any time; I will not penalize you for delays in your project or for not producing electricity at all or producing less electricity than you promised; I will not ask you to start or stop your power plant”. There is no other agreement in the business world 25 years ago or now, where such agreements are offered to a seller.