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Sri Lanka to call EOI for the building of nuclear power plant in 2032

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By: Staff Writer

Colombo (LNW): Sri Lanka will call for expressions of interest (EOI) in setting up nuclear power plants, with the aim of generating cheap electricity to support its economic recovery.

The government intends to include the safe use of nuclear energy as a part of the long-term generation plans,” Energy Minister Kanchana Wijesekera said in a post on the X social media platform, after meeting officials from the International Atomic Energy Agency in Colombo.

The government “will call for EOIs for establishing nuclear power plants & modern technology”, he said.

He said that Sri Lanka is evaluating offers for nuclear power plants from various countries, including Russia, the United States, India, and several European nations.

The International Atomic Energy Agency (IAEA) is studying Russia’s plans to build a nuclear power plant in Sri Lanka.

Rosatom, the Russian the State Atomic Energy Corporation will help build a nuclear power plant in Sri Lanka.

Minister Wijesekera dismissed claims of a deal with Russian nuclear giant Rosatom, emphasising the need to determine the appropriate technology for the country and pre-plan various factors.

“Besides Rosatom, other companies and countries, including India, European nations, and the United States, have presented proposals with different nuclear power plant technologies deemed suitable for Sri Lanka.

The objective is to select the most suitable technology that aligns with the country’s needs,” he told journalists at the Presidential Media Centre titled ‘Collective path to a stable country’.

He said the Ceylon Electricity Board’s (CEB) 2023-2042 generation plan does not include nuclear power, adding the necessity of assessing when nuclear power generation will be required.

Minister Wijesekera clarified that no agreement has been reached with any company or country regarding the construction of Sri Lanka’s first nuclear power plant by 2032.

Russia has expressed its willingness to build a nuclear power plant in Sri Lanka if granted permission by the Government, but concerns have been raised locally and internationally regarding such projects.

He stressed that opting for a nuclear power plant requires a well-considered decision, citing there are many aspects to be considered.

“We need not be fearful, as numerous nations worldwide have successfully embraced nuclear energy. Even our neighbouring countries such as India, Pakistan, and Bangladesh have opted for nuclear power plants,” he added

The primary source of energy in the island nation is from imported oil and coal, and hydropower. The government aims to produce 70% of its electricity from renewable sources by 2030 and it sees nuclear power as a low-carbon option for its energy mix. It aims to be carbon neutral by 2050.

Sri Lanka to get the US$ 330 mn second tranche of EFF next month

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By: Staff Writer

Colombo (LNW): The International Monetary Fund (IMF) is likely to approve the disbursement of the US$ 330 million second tranche of its $3 billion Extended Fund Facility to the country, finance ministry sources disclosed.

IMF staff and the Sri Lankan authorities have entered into a staff-level agreement on economic policies to conclude the first review of the 48-month EFF-supported programme following executive board approval last month.

Sri Lanka will have access to a second instalment of the EFF facility in financing once the review is approved by IMF Management and IMF Executive Board, an IMF spokesman revealed.

Macroeconomic policy reforms are starting to bear fruit and the economy is showing tentative signs of stabilisation.

Sustaining the reform momentum and addressing governance weaknesses and corruption vulnerabilities are critical to put the economy on a path towards lasting recovery and stable and inclusive growth.

The clearance of the second installment on the loan package will be approved during the IMF board meeting to be held in November or early December.

According to IMF sources, to move forward, they must be convinced that debt sustainability can be regained.

This conviction is based on the expectation that negotiations will lead to debt treatments which align with the debt targets set at the beginning of the programme in March.

Sri Lanka verifiably met 41 of the 73 trackable commitments that were due for completion by end-October 2023 in its ongoing programme with the International Monetary Fund (IMF), according to the latest update from ‘IMF Tracker’ of Verité Research.

The number of not met commitments was 11 and the status of 21 other commitments were ‘unknown’.

For comparison, by end-September Sri Lanka had verifiably met 40 of the 71 trackable commitments that were due for completion, with 10 ‘not met’ commitments and 21 unknown commitments.

One commitment was verifiably ‘met’ in October. This was obtaining parliamentary approval for the 2023 appropriation bill, with the planned expenditure being in line with the IMF programme.

The commitment to keep the stock of expenditure in arrears at a maximum of LKR 0 by June 2023 was reclassified from ‘unknown’ to ‘not met’ in October. This was the only commitment that became ‘not met’ in October.

The IMF has indicated that its evaluation for the next disbursement is limited to the commitments due up to the end of June. Sri Lanka had verifiably met 33 of the trackable programme commitments and ‘not met’ eight as of end-June.

Former DGHS Dr. Palitha Mahipala to be appointed as new Health Secretary?

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Colombo (LNW): Dr. Palitha Mahipala is reportedly being considered to be appointed as the new Secretary to the Ministry of Health.

The former Director General of Health Services (DGHS) who currently serves as the World Health Organisation (WHO) representative in Pakistan is tipped to be appointed to the position, following the retirement of Mr. Janaka Sri Chandragupta, according to sources.

Dr. Mahipala previously served as the Additional Secretary of Health and Deputy Director of General Public Health Services.

He is qualified in the field of public health, health sector management, business administration and economic development, and is recognised as a prominent figure in the medical sector.

Dr. Mahipala is well known amongst the Sri Lankan LGBTQIA+ community for his groundbreaking intervention in 2016 for the introduction of the Gender Recognition Certificate (GRC), which is the key component allowing people of transgender identities to legally change their gender in Sri Lanka.

Committee on High Posts approves appointments of four new envoys, one Ministry Secretary

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Colombo (LNW): The parliamentary Committee on High Posts, chaired by Speaker Mahinda Yapa Abeywardena, has approved six appointments.

The approved appointments include Mrs. K.D Senewiratne as the High Commissioner of Sri Lanka to India, C.R.B Bogollagama as the High Commissioner to the United Kingdom, Mr. D.D.M.S.B Dissanayake as the High Commissioner to Singapore, Mr. W.K.C Weerasena as the Ambassador to Belgium and the European Union.

Additionally, the committee approved the appointments of Mr. K.D.N.R Asoka as the secretary to the Ministry of Public Administration, Home Affairs, Provincial Councils, and Local Government, and Dr. B.K J. K Perera as the Chairman of Ceylon Fertiliser Company Limited.

The committee meeting was attended by Ministers Nimal Siripala de Silva, Vidura Wickramanayake, and MPs John Seneviratne, Anura Priyadarshana Yapa, Rishad Bathiudeen, and Udaya Gammanpila.

Vietnam to share investment expertise with Sri Lanka

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Colombo (LNW): A distinguished delegation from Vietnam, led by Dr. Bui Van Nghiem, a Member of the Vietnam Communist Party Central Committee, expressed Vietnam’s commitment to sharing expertise on foreign investment promotion and attraction with Sri Lanka for the development of the proposed new Investment Bill.

The delegation conveyed this during a meeting with Prime Minister Dinesh Gunawardena at Temple Trees in Colombo on November 17.

Prime Minister Gunawardena commended Vietnam for its rapid economic development following its struggle for independence and acknowledged Vietnam’s success in attracting foreign investments through innovative approaches.

He sought Vietnam’s insights and experiences as Sri Lanka plans to formulate a new Foreign Investment Bill.

Dr. Bui Van Nghiem, considering Sri Lanka as a special friend, affirmed Vietnam’s willingness to collaborate and emphasised the considerable potential for expanding bilateral trade, investment, tourism, and cultural relations.

He highlighted the opportunity for provincial-level collaboration between Vinh Long Province in Vietnam, renowned for its agricultural production, and Sri Lankan provinces for mutual benefit.

The discussions between the two delegations encompassed various aspects, including trade, tourism, industry, agriculture, culture, education, and investment. Dr. Bui Van Nghiem, a senior member of the Communist Party of Vietnam (CPV), led the high-level delegation, which included officials from the Ministry of Industry and Trade, the Central Commission for External Relations of CPV, corporate representatives, and academics.

MP Yadamini Gunawardena, Secretary to the Prime Minister Anura Dissanayake, and Director General of the Foreign Ministry Shashikala Premawardane were also present during the discussion.

Appeal Court orders not to arrest pastor Jerome Fernando

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Colombo (LNW): The Appeal Court yesterday (17) ordered the Police not to arrest pastor Jerome Fernando during any of his arrivals at the airport or any other place in the country.

The order was made after considering a writ petition filed by the self-proclaimed prophet by the two-member Appeal Court bench comprising Justices Nissanka Bandula Karunaratne (Chairman) and Chamath Morais.

Fernando, however, must produce a statement to the Digital Forensic Division of the Criminal Investigation Department (CID) within 48 hours after arriving in Sri Lanka, the Court ordered.

Today’s (Nov 18) weather: Heavy showers about 100 mm likely at some places

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By: Isuru Parakrama

Colombo (LNW):

Showers or thundershowers will occur at several places in most provinces of the island after 01.00 p.m, and heavy showers about 100 mm are likely at some places in Central, Uva and Sabaragamuwa provinces, the Department of Meteorology said in its daily weather forecast today (18).

Showers may occur in Western and Southern provinces and in Puttalam district during the morning too, the statement added.

The general public is kindly requested to take adequate precautions to minimise damages caused by temporary localised strong winds and lightning during thundershowers.

Marine Weather:

Condition of Rain:
Showers or thundershowers will occur at several places in the sea areas around the Island.
Winds:
Winds will be south-westerly in the sea areas off the coast extending from Chilaw to Pottuvil via Colombo, Galle and Hambantota. Winds will be variable in directions in the other sea areas around the island. Wind speed will be (20-30) kmph.
State of Sea:
The sea areas around the island will be slight. Temporarily strong gusty winds and very rough seas can be expected during thundershowers.

Sri Lanka Original Narrative Summary: 18/11

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  1. Finance Ministry says a policy decision has been taken to include 87 of the 137 items that are presently exempted from VAT, into the VAT net, in order to increase revenue generation from VAT and increase the efficiency of VAT: this new imposition of tax based on the agreement with the IMF to be effective from 1st Dec’23.
  2. Former President Mahinda Rajapaksa says he will always stand for the people: also says there will be a time in the future to make explanations with regard to the recent Supreme Court decision.
  3. Energy Minister Kanchana Wijesekera meets officials from the International Atomic Energy Agency: says the Govt intends to include the use of nuclear energy as a part of the long-term generation plans: affirms the Govt will call for EOIs for establishing nuclear power plants: previously, Wijesekera had said the Govt was assessing nuclear power plant offers from Russia, US, India & some European countries.
  4. CB Governor Nandalal Weerasinghe says the Govt has shared the terms of a USD 4.2bn China debt deal, with other creditors: hopes official Creditors Committee led by Japan, India & Paris Club nations will now propose an agreement to restructure SL’s debt: expects which will allow the IMF to approve the next tranche of USD 330mn.
  5. President Ranil Wickremesinghe emphasizes the importance of expanding language knowledge beyond Sinhala & Tamil: announces the implementation of the “English for All” programme in all schools and universities across the country by 2030.
  6. Treasury Secretary Mahinda Siriwardana says it is not possible to provide tax relief as SL continues to be behind the revenue targets set by the IMF, although the Govt is able to increase the salaries of State employees in the upcoming year: also says the Govt has decided to allocate Rs.450bn to recapitalise the State banks in order to secure stability & provide security as the Govt is in the process of restructuring local debt.
  7. Education Minister Susil Premajayantha warns 74 school buildings across the country have been identified as unsafe, posing potential threats to the safety of students: also says all Principals have been informed to evacuate school children out of buildings in the event any building is found unsafe.
  8. Chairman of the Garment Industries Assn Dhammika Fernando says the income of the garment industry has fallen by about a quarter (25%) due to the decrease in orders received by SL & increase in costs.
  9. Court of Appeal orders the CID not to arrest Pastor Jerome Fernando upon his arrival at the BIA: also orders the self-styled ‘prophet’ should record a statement with the CID’s Cyber Crime Investigation Division within 48 hours of his arrival.
  10. Energy Minister Kanchana Wijesekera says President Ranil Wickremesinghe has discussed the disappointing state of Cricketing affairs in SL with the Asian Cricket Council President Jay Shah: responds to the claim by Opposition Leader Sajith Premadasa who said that Jay Shah’s father is the right-hand man of Indian PM Narendra Modi.

Leonid Meteor Shower Peaks This Weekend

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Dr. Janaka Adassuriya, an esteemed astronomer from the Physics Department at Colombo University, has announced a rare celestial treat for Sri Lankans this weekend. The peak of the Leonid meteor shower is expected to grace the skies on both Saturday (18) and Sunday (19).

Dr. Adassuriya advised enthusiasts that the prime viewing window for these meteors will commence post 2 am on both days. For optimal sightings, observers are encouraged to gaze toward the Leo constellation along the eastern horizon.

However, he tempered expectations by noting that this particular meteor shower typically offers a modest display, showcasing an estimated count of 10-15 meteors per hour.

Consumer Affairs Authority Rakes in Rs.220 Million in Fines

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The Consumer Affairs Authority (CAA) has scored big this year, amassing a substantial Rs.220 million from fines imposed on errant traders. Asela Bandara, the CAA’s media spokesperson, revealed that these fines were a consequence of cracking down on various illegal practices rampant among traders.

Bandara highlighted that the fines were levied on traders engaged in activities such as price gouging, illegal stockpiling, failure to display prices, and the sale of expired products. The crackdown has been extensive, with a staggering 22,000 raids conducted nationwide to ensure compliance with regulations.

Of these raids, a significant portion—19,000 cases—resulted in prosecution, signaling the strict enforcement and zero-tolerance approach adopted by the CAA.