Sri Lankan coal company requests over 12 million USD amid power cuts fear

Saturday, 04 February 2023 - 23:27

Sri+Lankan+coal+company+requests+over+12+million+USD+amid+power+cuts+fear

The Lanka Coal Company, incorporated to procure and supply coal for coal-fired thermal plants of Sri Lanka, on Saturday requested over 12 million U.S. dollars to buy coal for power plants.

Chairman of the Lanka Coal Company Shehan Sumanasekara told media that he has asked the money from Minister of Power and Energy Kanchana Wijesekera.

The Lanka Coal Company needs 2 million metric tons of coal annually, or 33 ship loads, to manage energy needs, he said.

Earlier, Ceylon Electricity Board, the state-owned electricity producer, warned that without a continuous supply of coal, the country may face extended power cuts in the dry season.

Sri Lanka has been experiencing daily power cuts since early 2022 due to foreign reserve shortages. About 45 percent of the country's electricity is generated by the thermal power, which relies on the import of fuel.



Senior President's Counsel Gamini Marapana passes away - funeral tomorrow
Saturday, 25 May 2024 - 15:15

Colombo, May 25, 2024 – Senior President's Counsel Gamini Marapana, a distinguished lawyer and first chairman of the Port City Commission, passed... Read More

President inaugurates 'Centre of Excellence for Women’s Health Services' @ Kilinochchi Hospital
Saturday, 25 May 2024 - 15:28

President Ranil Wickremesinghe inaugurated the Centre of Excellence for Women’s Healthcare at the Kilinochchi District General Hospital. The facility,... Read More

19-year-old university student killed after falling from flyover to expressway
Saturday, 25 May 2024 - 14:40

Colombo, May 24, 2024 – A tragic incident occurred last night when a 19-year-old male is suspected to have jumped to his death from a flyover onto... Read More