Gammanpila says SL has enough fuel for power generation

By Gagani Weerakoon and Methmalie Dissanayake | Published: 2:00 AM Nov 30 2021
News Gammanpila says SL has enough fuel for power generation

By Gagani Weerakoon and Methmalie Dissanayake

Energy Minister Udaya Gammanpila yesterday (29) assured there would be no power cuts even when the country is facing a foreign exchange crisis. 

He made this remark in response to a question by UNP Leader Ranil Wickremesinghe in Parliament. 

Wickremesinghe said the country is running out of foreign currency to buy fuel and that this situation would lead the country to suffer power cuts soon. 

“Sri Lanka only has USD 1.5 billion in foreign reserves. Out of which, USD 300 million is gold. This means only Rs. 1.2 is the actual amount in foreign reserves. This situation is very critical. This could lead the country to face power cuts very soon as we do not have enough foreign currency to buy fuel,” the UNP leader pointed out. 

In response, Gammanpila said that it is reasonable for the people to feel there would be power cuts owing to the forex crisis.

“However, we have necessary fuel stocks to operate the country without power cuts. Right now, we have fuel for the next 40 days. Therefore, foreign currency crisis would not lead the country towards power cuts. I can assure you that. About 55 per cent of country’s electricity demand is fulfilled by hydro power. We have rain now and even after that we have enough fuel stocks for 40 days,” he said. 

Speaking further, the Minister said that although Sapugaskanda Oil refinery was shut down for 50 days and its operations will resume before schedule. 

By Gagani Weerakoon and Methmalie Dissanayake | Published: 2:00 AM Nov 30 2021

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