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

Dairy Industry Slumps Despite Surging Demand  Milk Farmers Face Crisis

The Sri Lankan dairy industry is at a crossroads....

Exporters Urged to Prepare for New VAT Refund Regime

With Sri Lanka’s long-running Simplified VAT (SVAT) scheme now...

Economic Recovery Stalls as Policy Reversals Undermine Reform

Sri Lanka’s path to recovery remains woefully unfinished. While...

SL Construction Sector Gains Momentum, but Relief Delay Stalls Broad Recovery

Sri Lanka’s construction industry, long battered by economic turbulence,...