Sri Lanka power regulator says over Rs. 50 billion financial losses could result from delays in implementing long term power projects
Sri Lanka's power regulator, Public Utility Commission of Sri Lanka (PUCSL) cautions that the delays in implementing the long term power projects in the next three years could result in financial losses over Rs. 50 billion and a power crisis that could seriously affect the national economy.
In a report released recently and handed over to the power supplier Ceylon Electricity Board (CEB) and to the Ministry of Power and Renewable Energy, the regulator said the total expected financial loss due to implementation delays of 2018-2020 plant schedule in the long term generation expansion plan is Rs. 50.62 Billion.
The report "Financial Impact of Delay in Implementation of Power Plants Generation Expansion Plan 2018-2037" says the financial loss due to any further delay beyond what is fore...