Sri Lanka provides 55 pct relief in electricity prices-Xinhua

Sri Lanka provides 55 pct relief in electricity prices

Source: Xinhua| 2023-07-05 00:30:45|Editor: huaxia

COLOMBO, July 4 (Xinhua) -- Sri Lankan Minister of Power and Energy Kanchana Wijesekera said on Tuesday the government provided a 55 percent relief in electricity prices to 3.5 million out of a total of 6 million consumers in June.

The minister told the media that significant progress has been achieved in eliminating fuel queues and ensuring continuous electricity supply after Sri Lanka saw power cuts in the past year.

Wijesekera said a favorable environment for initiating new renewable electricity projects has been created.

Regarding fuel supply, the minister said that the first fuel shipment from one of the two companies contracted by the Ceylon Petroleum Corporation would arrive in Sri Lanka at the end of July, marking the beginning of fuel distribution operations by the new suppliers.

The minister expressed confidence in the government's program to promote financial stability in both the Ceylon Electricity Board and the Ceylon Petroleum Corporation.