Sri lanka News – State-run Ceylon Electricity Board is making operational profits after a surge in hydro power generation and price hike, Public Utilities Commission of Sri Lanka (PUCSL) Chairman Janaka Ratnayake said.
The CEB is making daily operational profits of 270 to 300 million rupees a day with more hydro power being generated, he said.
On Thursday September 08, around 75 percent of the daily 39.98 GigaWatt hours of energy was developed from renewable sources. CEB hydro brought it 22.96 GWh and CEB wind brought it 2.06GWh.
There are also mini-hydro and rooftop solar which are not dispatched, are not in the data.
“We think the CEB would be able to make about 8.0 billion rupees this month,” Ratnayake said. “The money can be used to repay part of the 100 billion rupees of short term debt owned to mini-hydro, private thermal generators and Ceylon Petroleum Corporation.”
Unlike the CEBs own hydro plants which may cost 3 rupee a unit or less, private renewable energy producers have to be paid higher rates.
Mini-hydro plants are owned 28 billion rupees, while IPPs were owed 76 billion rupees.
Ceylon Petroleum Corporation was owed 35 billion rupees, he said.
The idea behind the price increase granted to the CEB was to enable it to avoid losses.
The current profits can be used to settle the debt, he said.
However Ratnayake said a delay in awarding a coal tender could land the country in trouble unless coal was available to run generators when rains ended. (Colombo/Sept10/2022)