PUCSL to intervene

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Office bearers of the Renewable Energy Associations that include Small Hydro, Wind, Solar, and Biomass power developers, and also Solar Industries Association of Sri Lanka, yesterday said the Public Utilities Commission of Sri Lanka (PUCSL) has agreed to intervene in their payment problem with the Ceylon Electricity Board (CEB).

“Yesterday, we had a meeting with PUCSL and they have agreed to intervene in our payment problem and find a solution via the Finance Ministry,” they said.

The national grid risks losing 1,250.9 Megawatts (MW) of power generated by renewable energy developers, as the Ceylon Electricity Board (CEB) has not paid for the electricity supplied by them since August 2021, Renewable Energy Associations said yesterday. As a whole, CEB owes approximately Rs 22 billion to renewable energy operators.

This has brought the industry to its knees, posing a serious threat of not being able to pay salaries to about 7,000 employees, potentially leading to a severe social crisis, the Association said.

At the same time, the Banks have lent about Rs 60 billion to the industry, and servicing these loans will grind to a halt soon.

By Ishara Gamage