No power cuts today as CBSL released dollars: Lokuge

Date:

Power Minister Gamini Lokuge revealed that the one-hour power cut set for today (24) will not be taking place as the Central Bank of Sri Lanka (CBSL) has agreed to pay for two ships carrying diesel and petrol.

The CBSL has agreed to release US$ 53 million for the settlements following a discussion held with the President today.

Accordingly, two ships carrying 37,500 metric tonnes of diesel and 35,000 metric tonnes of petrol are due to be paid off by this evening.

Energy Minister Udaya Gammanpila also stated that the power cuts set on future course could be cancelled in order to provide a continuous supply of power by providing the required fuel to the Ceylon Electricity Board (CEB).

MIAP

Share post:

spot_imgspot_img

Popular

More like this
Related

India’s generosity in Ditwah’s wake, a partnership of reliability

By Krishantha Prasad Cooray Dr. S. Jaishankar, India’s foreign minister...

India’s $450 Million Cyclone Aid: Relief, Strategy and Indian Ocean Stakes

India’s decision to extend a USD 450 million financial...

Why MSMEs Fall Through the Cracks After Every Disaster

 The devastation caused by Cyclone Ditvah has once again exposed a...

IMF Flags CycloneShock, Warns Sri Lanka’s Recovery at Risk

Sri Lanka’s fragile economic recovery has been dealt a...