Government to buy electricity from private sector

The government has decided to purchase 200 MW of power from the private sector to face the current power crisis.

The Cabinet of Ministers has approved a Cabinet paper submitted by the Minister of Power and Energy Mahinda Amaraweera to purchase power from the private sector.

Tenders have been called for the purchase of 200 MW of power and two companies, DG Power Holdings Limited and Altaaqa Global Solutions Limited, have been selected, according to a report in Sinhala daily Lankadeepa.

In addition, cabinet approval has been granted to extend the contract with private companies to purchase electricity by another six months.

Meanwhile, Minister of Power and Energy Mahinda Amaraweera has also informed the cabinet about the debt crisis of the Ceylon Petroleum Corporation and the Electricity Board.

The Minister has informed that the debt owed to the CPC by the CEB and the electricity producers supplying energy to the CEB is about Rs. 104 million while the CPC’s debt is over Rs. 500 million.