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Tuesday, April 30, 2013

Sri Lanka may reduce electricity tariff

Sri Lanka may reduce electricity tariff
Sri Lanka may reduce electricity tariff 

Sri Lanka Power Flow

Sri Lanka's privately owned The Daily Mirror newspaper quoted power ministry secretary M M C Ferdinando as saying there “would be a possibility of bringing down electricity prices for the low income category.” 
The Lankadeepa newspaper said there was speculation of a 20 percent reduction in the increase for users below 150 units.
The report said President Mahinda Rajapaksa was unhappy at the increase amid rising opposition.The Opposition parties have held protest rallies throughout the country against the price hike.
Besides, some government ministers viz. D.E.W. Gunasekara, Vasudeva Nanayakkara and Wimal Weerawansa had spoken against it. 

Power and Energy Ministry Secretary M.M.C. Ferdinando told yesterday that President Mahinda Rajapaksa had expressed his displeasure over the new pricing formula at a recent meeting. Asked whether there would be a reduction, he said, “There may be a possibility.” However he did not say when it would happen. The Cabinet of Ministers is also to discuss this matter further at the meeting scheduled for Thursday. 


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