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A new Electric try ACT paves the way for unbundling CEB

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By: Staff Writer

Colombo (LNW):A new Electricity Reforms Bill or an amendment to the Electricity Reforms Act No. 28 of 2002 will be drafted and presented in Parliament soon to regularize the restructuring process, a senior official of the Ministry of Energy said.

The final draft of the new Electricity Act has been handed over to the legal draftsman’s office for clearance and is due to be submitted to the Cabinet for approval, Minister of Power and Energy Kanchana Wijsekera said.

Accordingly, the draft will be presented before the Cabinet of Ministers upon receiving the certification from the Attorney General.

Meanwhile, the power sector reform secretariat, which is due to be established, will develop and implement the transition plan together with financial and technical assistance from the relevant development agencies.

A discussion in this regard was held at the Ministry’s premises on Thursday (06 July), at which Country Directors, Mission Heads, senior officials & energy experts from the Asian Development Bank (ADB), Japan International Cooperation Agency (JICA), USAID, World Bank and the International Finance Corporation (IFC) were present, Minister Wijesekera said in a Twitter statement.

A committee appointed on the recommendation of the Minister of Power and Energy, has prepared a proposal and a bill to abolish the Ceylon Electricity Board Act and transfer its resources to 14 companies established under the Companies Ordinance No. 7 of 2007.

Sri Lankan authorities have been struggling for 24 years since 1998 to restructure the debt-laden Ceylon Electricity Board (CEB) and many efforts over the years to push through much-needed reforms have failed due to stiff opposition from workers and other quarters.

The Energy Ministry has been directed by President Ranil Wickremesinghe to expedite the restructuring process of unbundling the CEB by setting up state-owned companies jointly with the private sector management to take over the generation, transmission, distribution and other functions.

There will be one joint venture each for generation and transmission and three or more for distribution, according to the CEB board paper devised recently for the approval of the board of directors before submitting it to the ministry to prepare the cabinet memorandum.

It has also been proposed to form separate power generation joint venture companies to undertake functions of the CEB relating to hydro electricity, thermal electricity, coal power and non renewable power generation, power generation, distribution, and other activities as well as Lanka Electricity Company.

These companies will serve as independent power producers (IPP) and will have to sell the energy they generate to the transmission company, along with other IPPs, the CEB board paper indicated.

One of the main proposals of this draft is to abolish the Ceylon Electricity Board Act and transfer all the resources of CEB to 14 companies in the first phase. By that, all Mahaweli power plants are to be transferred to one company.

“All the power plants of the Lakshapana complex are to be transferred to another company. The Hydro plants including Samanala wewa, Uma oya and Kukule gaga will be transferred to another company. Norochcholai power plant is also to be transferred to another company. In this way, all the power plants belonging to CEB have been targeted to be transferred to 6 companies.

The new Act replaces the Commission with an institution called the Electricity Regulatory Commission under the Minister of Power and Energy. The members of the Commission as well as its Director General are appointed by the Minister of Power and Energy. Because of this, all the inappropriate proposals proposed by the Minister of power and energy.

Update: Eight persons arrested over assault on monk and two women

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By: Isuru Parakrama

Colombo (LNW): Eight persons have been arrested in connection with the assault on a Buddhist monk and two women, an event which came to attention upon a viral video on Social Media.

One suspect was arrested last night (07), and seven more this morning (08), as they surrendered to the Nawagamuwa Police, according to Police Spokesman SSP Nihal Thalduwa.

These suspects are due to be produced before the Court, and further investigations are underway to identify those who had initially uploaded the video in question on Social Media, Thalduwa added.

Previous report:

Over 1,000 employees of State Engineering Corporation to retire voluntarily

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Colombo (LNW): More than one thousand (1,100) employees of the State Engineering Corporation have volunteered to retire, however an amount of Rs. 2.6 billion is required to compensate them, revealed Corporation Chriaman Rathnasiri Kalupahana.

In the backdrop, there is a problematic situation with regard to acquiring the necessary funds for compensating employees who wish to retire voluntarily.

In the inability of paying the employees their full salary for the month of June, a tense situation arose at the SEC yesterday (07), and the Corporation Chief noted that it was not possible to settle the full salary to the SEC employees.

However, the full salary will be paid next Monday (10), he added.

Foreign Employment Bureau expects to send nearly 300,000 people for overseas employment

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By: Isuru Parakrama

Colombo (LNW): The Sri Lanka Foreign Employment Bureau (SLBFE) expects that nearly 300,000 people would register this year for overseas employment, Bureau General Manager Gamini Senarath Yapa said.

More than 150,000 persons have registered with the Bureau and left Sri Lanka within the 1H23, he revealed.

Nearly 311,000 people registered with the Bureau in 2022, and countries such as Kuwait, Qatar, Saudi Arabia and the United Arab Emirates (UAE) would be the ones that they would want to migrate to, he added.

Meanwhile, an increased number of Sri Lankan migrant workers are also leaving for countries like Romania and Japan, Yapa went on, adding that there is a very high tendency for more Sri Lankans to leave the island.

More skilled workers are expected to leave for those countries aiming the foreign employment market, he noted.

Assault on monk and two women: Public Security Minister issues arrest order

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By: Isuru Parakrama

Colombo (LNW): Public Security Minister Tiran Alles has reportedly issued a directive to the Police, ordering them to arrest those responsible for assaulting a Buddhist monk and two women, following the surfacing of a video allegedly featuring the event hit headlines on Social Media.

The incident, which had reportedly happened yesterday (07) in Nawagamuwa area, went viral on Social Media, and the Minister has instructed the Police to take immediate action to apprehend those responsible.

Workers’ remittances improve in 1H23

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Colombo (LNW): The workers’ remittances in Sri Lanka in the month of June 2023 were recorded at US $ 475.7 million, latest CBSL data revealed.

The cumulative figure for the first six months of 2023 (January – June, 2023) is recorded at US $ 2,822.6 million, which is indicative to be an increase of 75.3 per cent compared to the corresponding period of the previous year.

Exam Dept calls for online applications for 2023 AL Exam

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Colombo (LNW): The Department of Examination said applications for the GCE Advanced Level Examinations will be accepted online from July 07 to 28.

The candidates can submit their applications via the Dept’s official web portals: www.doenets.lk / www.onlineexams.gov.lk/eic , or the mobile app ‘DoE’.

Students of government schools and government-approved private schools are urged to send in their applications through the respective school principals, whilst private candidates are urged to put them forward themselves, the Dept added.

The candidates are also requested to keep a printed copy of the application with themselves, in case of an emergency.

The President and the Governor have both delivered on their promises

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  • One must give credit where credit is due.
  • Interest rates are down, exchange rate is stable, some imports are allowed, inflation is coming down, tourism is performing well, FDI is going up, Stock market up.

President Ranil Wickramasinghe has delivered, he has turned a Shakespearean tragedy into an unbelievable success story. Those who claimed RW didn’t have a right to accept the presidency, now fear that he will take majority at the next elections. He traveled the world not with a huge delegation but with a few and his weapons of choice were his immense knowledge, experience and wit. He has represented our nation like no other and it is obvious that, given a second term in office, he can and will out perform all others.

When the president took over chaos prevailed in the country ,rationality and reality were not the order of the day. There was no electricity or gas in the country. The citizens were in shock with a Aragalaya burning the present presidents house and creating havoc in the country .People had to queue for hours on end in order to obtain the little petrol and diesel available in the country.

Both the IMF deal and the latest domestic debt restructuring have been resoundingly successful. The naysayers who are a plenty in our nation (depending on which political party they are most aligned to) are not very pleased . The country’s success (which does not help their political ambitions) are a dampener for their power hungry ambitions and counter productive plans . They hoped the IMF deal would not to become a reality and that the domestic debt restructuring would be a failure. Their rhetoric about EPF /ETF loosing out and bank deposits being at risk were all but a damp squib. Alas it was a success! Now the naysayers (in their frustration) are putting on their second cap of ‘conspiracy theorist’ which is a common trait found in the DNA of our island nation. They know these stories will be proven wrong in time to come.

The Sri Lankan economy was akin to a patient in the ICU with no pulse. However, the President and the Governor played as a team and with surgical precision resurrected a failing economy. Economic and fiscal strategy was their medicine and it paid off. The patient is now in the recovery bay and all the vitals are looking good. Inflation is low, interest rates are dropping everyday, the exchange rate is stabilising with minimum intervention, some imports are being allowed, tourism is making a remarkable comeback, FDI has started to flow in and the stock market reflects the positive sentiment that prevails today. All these positives will definitely hurt those who are negative for ulterior motives ,However it is high time that we citizens identify the agendas of these people and their corrupt strategy of ‘power at all cost’.

The present Governor is a man who was, initially, not given his due place and more or less made to retire. However, as fate would have it, Nadalal Weerasinghe, the present head of the Central Bank, was offered the job last year. He accepted the post of Governor at a crucial time in the country.

Before his retirement Dr Weerasinghe in his capacity as the senior deputy Governor had warned the powers be of the impending calamity. However, the one time all powerful secretary of the administration (whom everyone knows) in his usual arrogance refused to heed the warnings resulting in disastrous consequences for the nation.

So let us give credit where credit is due and criticise when necessary. Let us not place our agendas before our country and support this island nations resilient economy to full recovery.

However it is prudent to note that lot still remains to be resolved. Beginning with lower interest rates for example, if tourism is the catalyst to rebound the economy and bring in the much needed FX we need to look at the interest rates at least for this industry. We also have to Free imports of raw material.

Certainly the economy is moving in the right direction.

Sri Lanka Original Narrative Summary: 08/07

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  1. President Ranil Wickremesinghe says he believes that the Tourism Industry would significantly contribute to the country’s forex earnings in the coming decade; asserts comprehensive plans had already been formulated to enhance Sri Lanka’s appeal as a tourist destination; stresses promoting tourism could lead to an increase in per capita income.
  2. President’s Chief of Staff Sagala Ratnayake says measures will be taken to swiftly address challenges in Health Sector; instructs the officials to thoroughly probe the accuracy of media reports concerning the crisis; asserts if any allegations are found to be true, immediate intervention and relief measures will be taken to assist the affected individuals.
  3. Livestock Development State Minister D.B. Herath says the government has implemented a specific programme to promote liquid milk production in the country: asserts people are interested in the production and consumption of liquid milk; adds supporting the liquid milk business makes it feasible to boost the dairy farmer’s economics and satisfy the country’s need for protein.
  4. India’s Foreign Secretary Vinay Mohan Kwatra is to arrive in Colombo early next week to work out arrangements for Sri Lankan President Ranil Wickremesinghe’s visit to New Delhi on July 20 this year.
  5. The Colombo Fort Magistrate lifts the travel ban imposed on SDIG in charge of the Western Province Deshabandu Tennakoon in connection with the assault on peaceful protesters at the ‘Aragalaya’ agitation site in Galleface in May last year.
  6. The Exam Dept says applications for the 2023 GCE AL Exams will be accepted online from July 07 – 28: Candidates can submit applications via the dept’s official online portals (www.doenets.lk and www.onlineexams.gov.lk/eic) or the mobile app ‘DoE’.
  7. Secretary of the ‘Ceylon Teachers Union’ and JVP member Mahinda Jayasinghe divulges there is a group of government officials who are engaged in fraud and corruption in the National Institute of Education and are being backed by close political ties of the government; laments the Secretary to the Education Ministry has been informed about the scenario, but no positive outcome has ever come.
  8. CB data reveal workers’ remittances in June ’23 recorded US $475.7 million: The cumulative figure for the 1H23 stands at US $ 2,822.6 million, which is an increase of 75.3% from the corresponding period of the previous year.
  9. The Government Radiology Technologists’ Association reveals the linear accelerator machine which provides radiotherapy to young children at the Maharagama Apeksha Hospital has been out of order for two weeks; adds this is mainly because the annual service contract for the said machines was not entered by, as they are unable to pay; warns the lives of 10 – 15 children who had been receiving radiotherapy for cancer are in danger.
  10. Openers Pathum Nissanka (104) and Dimuth Karunaratne (83) put on a remarkable 190 run stand while mystery spinner Maheesh Theekshana had 4 for 34 as SL records an easy 08 wicket win over West Indies in their last super six Cricket fixture of the World Cup Qualifier tournament played at Harare: With this one sided game SL being the only unbeaten team of the tournament will be brimming with confidence when they meet Netherlands in the final tomorrow.

India’s Foreign Secretary to arrive in SL next week

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Colombo (LNW): India’s Foreign Secretary Vinay Mohan Kwatra is set to arrive in Colombo early next week to work out arrangements for Sri Lankan President Ranil Wickremesinghe’s visit to New Delhi on July 20 this year, a report by Daily Mirror divulged.

The Indian Foreign Secretary’s visit to Sri Lanka will take place in response to the Sri Lankan President’s first ever official visit to India since he assumed Office last year, according to the report.

Ministers Douglas Devananda, Kanchana Wijesekara and Ali Sabry and President’s Chief of Staff Sagala Ratnayake will accompany President Wickremesinghe for his visit, the report added.

During the Sri Lankan President’s visit to India, he is set to hold bilateral talks with Indian Prime Minister Narendra Modi.