ECONOMYNEXT – Sri Lanka’s power consumers, who are already paying high prices will have to shell out even more in the future, after a cheap coal plant which was about to be built was scrapped, engineers at state-run Ceylon Electricity Board has warned.

CEB is now generating coal power at about 4.36 rupees a unit, and the next cheapest source of thermal power from residual oil costs about 17.80 rupees a unit, CEB Engineers Union said, making a gap of about 13.44 rupees.

In August 2016 Sri Lanka is generated about 48 percent of total energy or 566 million units of electricity (GigaWatthours) from coal creating a potential saving of about 7,600 billion rupees a month on a conservative estimate. READ MORE…