Colombo (LNW): Minister of Power and Energy, Kanchana Wijesekera, announced plans to allocate any operating profit realised by the Electricity Board in December, attributed to favorable rain conditions, to consumers in April.

Despite the current financial deficit of Rs. 12 billion, Minister Wijesekera expressed optimism about a potential positive turn in the financial outlook, anticipating insights from the upcoming financial report in December.

The Minister shared these details during a Press Briefing at the Presidential Media Centre organised under the theme ‘Collective Path to a Stable Country’ on November 25.

Full Statement:

The restructuring of the Ceylon Electricity Board (CEB) has long been a subject of discussion within the country. In a significant development, the Cabinet granted approval last Monday for the restructuring based on the submitted report. Additionally, the proposed new electricity bill received approval, marking a crucial step towards enhancing the efficiency and effectiveness of the electricity sector in alignment with national objectives

Consequently, measures are underway to officially gazette and submit the new Electricity Act to Parliament within the upcoming two weeks. The intention is to facilitate a comprehensive debate on the proposed Act in the Parliamentary sessions scheduled for January of the following year.

The Minister addressed misconceptions raised in Parliament concerning the configuration of electricity generation, transmission and distribution. The Minister’s proposal entails restructuring power generation into four distinct companies, emphasizing that the entire hydroelectricity sector, constituting 100%, will remain under government control. The management of power plants situated in close proximity to Mahaweli, Lakshapana and Samanalaweva will also be retained by the government.

As part of this restructuring initiative, it has been decided to consolidate the Norochchole power plant under a single company, while all other power plants will be grouped together under a separate entity. This strategic decision aims to optimize operational efficiency and enhance the overall effectiveness of the power generation sector.

The proposal includes the establishment of a distinct company dedicated to transmission work, with the main control system remaining entirely under government ownership. Furthermore, it is suggested that the four distribution zones be transformed into four separate companies, each tasked with efficient and independent operation. This strategic proposal aims to streamline the transmission and distribution processes, ensuring enhanced effectiveness and responsiveness within the electricity sector.

The restructuring of the electricity board is anticipated improvements in efficiency, quality and reduction of wastage. The initiative takes into consideration existing laws and regulations in various countries worldwide. The implementation of the restructuring plan is slated to follow the submission of the draft, incorporating feedback and suggestions from various stakeholders, including experts of the relevant field. The continuity of the Public Utilities Commission is expected to remain unchanged, operating in a manner consistent with current practices.

Presently, the Electricity Board is experiencing a financial deficit of Rs. 12 billion. Regrettably, despite occurrence of rains, the Electricity Board has not yet achieved a financially profitable position. The current rain situation has yet to contribute to the desired positive impact on the board’s financial standing. The board is closely monitoring the situation, and if operational profits are realized by December, as determined through financial calculations, a concession will be extended to consumers in April, aligning with the commitment to pass on benefits to the public contingent upon favourable financial outcomes.

The nation has suffered the loss of numerous power plants as a consequence of delayed policy decisions and the prolonged non-implementation of previously made decisions. The proposed construction of the Sampur power plant, a project that has been under consideration for several years, faced a significant setback when the decision was made in 2016 to forego its construction. Originally slated for completion in 2020, the non-realization of the Sampur plant has resulted in an annual loss of Rs. 95 billion.

As part of the government’s strategic initiatives, five significant projects have been identified for immediate implementation. Additionally, there are plans to sign agreements for five more projects before the end of the current year. The forthcoming agreements include collaborations with the Adani wind power plant in Mannar, the construction of a solar panel power plant in Siambalanduwa, the Hambantota solar panel project, also projects proposed for Batticaloa and Punakari.

Furthermore, the government has issued instructions to the relevant departments to reassess the fee for reconnection following a power cut. It is anticipated that the current reconnection fee, set at Rs. 3000, will be revised to a range between Rs. 1000 and Rs. 2000. This adjustment is aimed at ensuring a more reasonable and accessible reconnection process for consumers, aligning with the government’s commitment to enhancing customer satisfaction and service affordability in the electricity sector.

Colombo (LNW): Minister of Education and Leader of the House, Susil Premajayantha, emphasised the value of the Student Parliament in shaping the future leadership of the country.

Speaking at the inaugural debate of the Student Parliament at Sivali Central College in Ratnapura, held at the Ministry of Education on Friday (24), Minister Premajayantha highlighted the importance of providing children with practical political experience to contribute to a strong political future.

The Minister noted that approximately 3,000 student parliaments are currently active nationwide, with the ministry’s goal being to nurture responsible, decent, and honest leadership from an early age.

Addressing the gathering, Assistant Secretary General of Parliament, Hansa Abeyratne, underlined the significance of the Parliament as the supreme institution in the country, as outlined in Articles 3 and 4 of the Constitution.

He emphasised that despite challenges, parliamentary democracy is a time-tested concept with no viable alternative.

Following the opening remarks, the Student Parliament commenced, focusing on the topic “The contribution of the education system to building sustainable development and the role of the Student Parliament.”

At the conclusion of the debate, certificates were awarded to student parliamentarians, and officials from the Ministry of Education received sets of books compiled on the parliamentary process.

The event, attended by Venerable clergy, Additional Secretary (Administration) to the Prime Minister Harsha Wijewardene, Co-Curriculum Director of the Education Ministry Githani Subasinghe, officials from the Department of Communication of Parliament, Principal of Sivali Central College, Ratnapura Captain Neil Dhammika Watukarawatta, Deputy Principal, teachers, and students, was organized jointly by the Ministry of Education and the Department of Communication of the Parliament of Sri Lanka.

The Sectoral Oversight Committee on National Economic and Physical Plans, chaired by MP Mahindananda Aluthgamage, recently convened in Parliament to address the concerning performance of Foreign Investment Projects. Shockingly, among the 179 ongoing projects, only 31 were found to be yielding desired outcomes, raising serious concerns about the efficiency of these initiatives.

Revealing insights into the matter, discussions disclosed that despite receiving approximately Rs. 2.6 trillion for these projects from foreign institutions, the expected results remain elusive. The Committee lamented the failure of these initiatives to fulfill objectives, attributing this shortfall to the inadequacies within relevant Ministries, operating institutions, and the established project monitoring units.

Highlighting the alarming rise in the country’s foreign debt due to this inefficiency, the Committee emphasized the urgent need for improved implementation strategies and stringent monitoring mechanisms. Consequently, officials were tasked with submitting a comprehensive progress report within a month, aiming to rectify these shortcomings.

Additionally, during the session, the Committee scrutinized four performance reports, encompassing various departments and annual reports from key institutions such as the Ceylon Industrial Development Board and the Sri Lanka Tourism Development Fund. The meeting also saw the active participation of MPs and Committee Members, including Harshana Rajakaruna, Sudath Manjula, Nipuna Ranawaka, Gunathilaka Rajapaksha, and others, signifying the gravity of the issue at hand.

Co-opted Members to serve in the Legislative Standing Committee for the consideration of the “Dassana Bauddha Sanvidhanaya (Incorporation)” Bill named.

The Hon. Mahinda Yapa Abeywardana, Speaker announced to the House  yesterday  (24) that the following Co-opted Members to serve in the Legislative Standing Committee for the consideration of the “Dassana Bauddha Sanvidhanaya (Incorporation)” Bill. Namely;
 Hon. Keheliya Rambukwella
 Hon. Vidura Wickramanayaka
 Hon. Vijitha Berugoda
 Hon. Gayantha Karunatilleka
 Hon. Tissa Attanayake
 Hon. R. M. Ranjith Madduma Bandara
 Hon. Gunathilaka Rajapaksha
 Hon. Upul Mahendra Rajapaksha

A decision to debate the Budget Head of the Non-Cabinet Ministry of State Plantation Enterprises Reforms.
The Hon. Mahinda Yapa Abeywardana, Speaker also announced that apart from the Budget Head of the Ministry of Agriculture and the Ministry of Plantation Industry, scheduled to be debated on Saturday, December 09 th , 2023, the Budget Head of the Non-Cabinet Ministry of State Plantation Enterprises Reforms, has also scheduled to be debated.

In a significant and forward-looking speech at the 25th Presidential Awards of the Export Development Board (EDB), held yesterday (24) at the Bandaranaike Memorial International Conference Hall (BMICH), President Ranil Wickremesinghe outlined a comprehensive plan to revitalize Sri Lanka’s agricultural sector for export, acknowledging past challenges and missed opportunities.

The President also underscored the importance of modernizing agricultural practices and enhancing research capabilities. He revealed plans to restructure and modernize existing agricultural research institutes, culminating in the establishment of the Agro-Technology University of Sri Lanka. This institution aims to support extension services and further innovation in the sector.

Reflecting on historical setbacks in the agricultural sector due to land reforms in 1972, President Wickremesinghe emphasized their adverse impact on agricultural exports. The President cited missed opportunities to focus on exports during key periods, such as the 60s, early 70s and post-war periods, attributing these lapses to internal conflicts and policy choices. The President expressed regret for not capitalizing on the country’s inherent strengths in agriculture, which other successful nations like Singapore had recognized.

Acknowledging the past neglect of agriculture due to various constraints, he emphasized the need to reposition the sector as a key player in the nation’s export strategy.

The President outlined a multi-pronged approach to agricultural development, targeting both small and large-scale farmers. He stressed the importance of providing financial support for smallholders to embrace agro-technology, aiming to enhance productivity. Additionally, plans were revealed to grant freehold status to individuals holding land development permits, fostering a sense of ownership and incentivizing further development.

In a bid to create opportunities for large-scale agriculture, President Wickremesinghe announced the allocation of previously undeveloped areas, including portions of the Mahaweli scheme and lands owned by government plantation corporations, for agricultural purposes. This strategic move is expected to bring approximately 300,000 acres of land under cultivation within the next few years, requiring significant capital investment.

To ensure the success of these initiatives, President Wickremesinghe emphasized the need for extension services, collaboration with the private sector and the establishment of an agro-technology university. He outlined plans to review the performance of regional plantation companies and shift towards contract farming in the tea and rubber sectors.

Turning to broader economic challenges, President Wickremesinghe acknowledged the country’s lack of growth and opportunities over the past two years. He attributed these issues to a historical imbalance in the trade and emphasized the critical need to address the budget deficit and balance of trade and highlighted the urgency of increasing exports. The President elaborated on measures to improve the country’s fiscal situation and the availability of funds for small and medium industries affected by the economic crisis.

In a global context, President Wickremesinghe acknowledged the challenges posed by international competitors such as China, Vietnam, Thailand and Malaysia in the export-oriented industries. Despite this, he stressed the urgency of the current export drive, emphasizing the need to secure the country’s future and prevent further brain drain.

The President highlighted the importance of attracting investments, both foreign and domestic, to drive innovation and expand export markets. He announced financial support for small and medium industries, underlining the government’s commitment to preserving and strengthening the supply chain.

President Wickremesinghe reiterated Sri Lanka’s historical strength as an exporter of agricultural goods. He urged a return to these roots, emphasizing the potential for value-added exports in tea, rubber and coconut. The President encouraged stakeholders to explore new areas of exports, inviting investments and partnerships to ensure the sustained growth of the country’s export-driven economy.

Concluding his address, President Ranil Wickremesinghe positioned the revival of Sri Lanka’s agricultural exports as a requirement for the nation’s economic turnaround. By combining support for smallholders, large-scale agricultural initiatives and strategic planning for export diversification, the President set forth a comprehensive vision aimed at harnessing Sri Lanka’s rich agricultural legacy for a prosperous future.

The ambitious plans outlined by President Ranil Wickremesinghe signal a pivotal moment for Sri Lanka’s agricultural sector, offering a roadmap for economic revitalization and a renewed focus on export-driven growth.

President Ranil Wickremesinghe conferred the Presidential Awards to recognize the exceptional contributions of Sri Lankan exporters to the export sector and overall economic advancement. In addition to the awards ceremony, President Ranil Wickremesinghe presided over the launch of the Sri Lanka Export Brand, the online application https:pea.edb.gov.lk dedicated to Presidential Export Awards.

The event was attended by Ministers Nimal Siripala de Silva, Bandula Gunawardena, Mahinda Amaraweera, Douglas Devananda, Jeevan Thondaman, State Ministers Dilum Amunugama, Taraka Balasuriya, Kanaka Herath, Aravinda Kumar, Secretary of the Investment Promotion Ministry, M. M. Naimuddin, Dr. Kingsley Barnard, Chairman/Chief Executive Officer of the EDB, Foreign Ambassadors and other officials.

State Minister for Defence, Pramitha Bandara Tennakoon, announced plans to amend the National Hydrology Act, paving the way for the creation of Electronic Navigation Charts (ENCs) that could generate an estimated $200 million annually from ships traversing near Sri Lankan waters. He made these remarks while addressing a Press Briefing held under the theme ‘Collective Path to a Stable Country,’ at the Presidential Media Centre (PMC) yesterday (24).

The State Minister pointed out that the existing nautical charts are managed by the British Hydrographical Office according to an agreement with the NARA Institute. Therefore, steps will be taken to hand over the responsibility of creating ENC to the Navy in the future.

State Minister Tennakoon was appointed to the position by President Ranil Wickremesinghe during a challenging period when national security and the rule of law had collapsed in the country. At that time, people were tired of queuing for fuel and gas. Under the right leadership of President Ranil Wickremesinghe, it has been possible to bring the country’s situation to a much better level than it was then. Mr. Tennakoon commended the President’s leadership, noting improvements in national security and the economy. He stressed the continual importance of ensuring national security, citing lessons learned from the Easter Sunday attack, emphasizing the obligation of the army to safeguard citizens regardless of race, religion, or caste.

The role of ensuring national security cannot be dismissed by simply stating that there is no war in a country. As a nation, we understood this lesson vividly during the Easter Sunday attack. A country’s army exists to ensure the security of the entire nation, obligated to safeguard every citizen regardless of race, religion, or caste.

The budget of the Ministry of Defence has been passed in Parliament. In any country around the world, a significant allocation of funds is made for the security of the nation. However, some politicians are misleading the people by claiming that the amount allocated for our country’s national security is excessive. It’s important to note that the funds allocated to the Ministry of Defence are not solely for the maintenance of the three armed forces; there are 23 institutions under the Ministry of Defence.

Addressing budget allocations, State Minister Tennakoon clarified that out of the total of Rs. 423 billion allocated this year, only Rs. 169 billion were designated for the armed forces, while the remaining funds supported disaster management, meteorological departments, and various institutions under the Ministry of Defence.

He highlighted the diverse roles of these institutions, including educational establishments like the National Cadet Corps, Civil Defence Department, and Kothelawala Defence University. Approximately 200,000 patients receive treatment in the outpatient department of Kothelawala Defence University Hospital each year, where military personnel also play a crucial role. It’s essential to recognize that military personnel not only serve in defense but also take the lead during times of national disasters. Consequently, it’s important for everyone to understand that the funds allocated to the Ministry of Defence are not exclusively for the army.

Notable allocations in the budget include Rs. 2.5 million for a task force to prevent human trafficking and efforts by the Navy to intercept drugs valued at Rs. 33,917 million.

The State Minister outlined plans to revitalize the National Hydrological Office to capitalize on the approximately 45,000 ships passing near Sri Lanka annually. The creation of ENCs is essential to harness income potential from this maritime traffic.

Unfortunately, the institutions entrusted with this responsibility have neglected their duties since 1983, resulting in the current nautical charts being over a hundred years old. In line with the recommendations of the International Hydrographical Office, the use of printed nautical charts is set to be completely phased out by the year 2026. Consequently, the transition to electronic navigation maps is imperative.

At present, the NARA Institute has entered into an agreement with the British Hydrographical Office for the creation of nautical maps covering the ocean region belonging to Sri Lanka.

Hence, the time has arrived for Sri Lanka to establish itself as a nation capable of creating nautical maps. To achieve this goal, the President has introduced a new bill to Parliament, aiming to empower the hydrological office by amending the existing legislation. Once the Act is passed, the responsibility for creating electronic navigational maps will be transferred to the Navy.

In the interim, the country has incurred substantial financial losses, amounting to billions of rupees in revenue. The indirect losses, particularly from insurance surcharges, have been even more significant. Fortunately, owing to the President’s judicious decisions, the Navy has willingly accepted this responsibility. It is estimated that this initiative could yield approximately $200 million per year, with the potential for even higher indirect income.

In 2024, steps will be taken with the support of a World Bank loan to modernize and enhance the accuracy of forecasts in the Department of Meteorology (Weather Intelligence). Many countries generate income through high technology, and recognizing this, efforts are underway to issue precise weather forecasts by leveraging advanced technical equipment and providing comprehensive training to officials.

Simultaneously, through the National Building Research Institute, there is an initiative to legislate a Building Code for the future. Without such a code, there is a risk of issues arising from buildings constructed without proper standards. The National Building Research Institute has been entrusted with this responsibility, and there is a directive to complete the preparation by the year 2024. This effort aims to establish a certain standard and responsibility for the buildings constructed in the country.

The National Water Supply and Drainage Board (NWSDB) reported a sudden breakdown at the Ambatale treatment plant, leading to water supply interruptions in various areas across the Western Province.

Communities in Colombo, Dehiwela, Mt. Lavinia, Kotte & Kaduwela MC areas, Maharagama, Boralasgamuwa, Kolonnawa UC areas, Kotikawatta, Mulleriyawa PS areas, Ratmalana & Katubedda are affected by this unexpected breakdown at the Ambatale treatment plant.