Sri Lankan government looking at paying owners of generators to synchronize them with electricity grid
Sri Lanka’s Power Minister Ravi Karunanayake has reportedly stated that the government is looking at paying Rs. 45 per kilowatt to owners of generators who can synchronize their plants with the electricity grid.
The Minister has been quoted in the local media as saying that there was an estimated 1538 MW of generators with various private sector firms, which can generate power.
“This has not been successful so far,” Karunanayake has told parliament recently. “We will try for another two weeks. We plan to pay them Rs. 45 a unit.”
He has said the government will talk with the owners to get them to help in the crisis and if not power will be disconnected.
State-run Ceylon Electricity Board (CEB) in the past operated a ‘self-generation’ scheme for many years where companies that had generators were encouraged to use them instead of relying on the grid to reduce the burden.
However, reports state that many generators in the country are standby plants that cannot operate for a long time, but can be used during peak time.
OSL take:
The on going power crisis in Sri Lanka, which is expected to get worse by 2020, has created many business/investment opportunities in the country’s power and energy sector. The government is looking at alternative energy generation methods creating an opening for foreign investments.
| Article Code : | VBS/AT/08042019/Z_3 |