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

Sri Lanka Considers Compensation for Colonial Abuses

Sri Lanka’s Parliament has become the latest arena in...

Sri Lanka’s US Trade Surplus Faces Test amid Rising Tariffs

Sri Lanka’s trade relationship with the United States remains...

World Bank Strategy Targets Jobs, Resilience after Sri Lanka Floods

With Sri Lanka facing recurring floods and cyclones that...

Rising IPO activity to Redefine Sri Lanka’s Capital Market Position

 Sri Lanka’s capital market trajectory in 2026 will be...