CPC purchases fuel from IOC; 40,000 MT to reach Colombo on Tuesday (15)

COLOMBO (News 1st); The Ceylon Petroleum Corporation has made a purchase of 40,000 MT of Diesel from the Indian Oil Company or IOC.

The Ministry of Energy said this consignment of Diesel will reach Colombo on Tuesday (15) and is received as part of the financing facility agreed with India.

The Ministry said it made a request from IOC, given the present crisis situation, and after reviewing the pricing, decided to make the purchase.

IOC had given a grace period of 60 days for Sri Lanka to pay for the Diesel shipment.

The Ministry of Energy told News 1st that this shipment cannot be released for electricity generation, and will be delivered for the daily needs of the country.

The Ceylon Electricity Board stated that it is yet to receive Diesel for the Kelanitissa combined cycle power plant.

CEB Additional General Manager and Spokesperson Andrew Nawamani told News 1st that the power plant was not in operation since the 2nd of February 2022.

Hydro Power Generation will have to be restricted as water levels at Reservoirs are gradually dropping.

On Sunday (13), the Major Hydropower Plants contributed only 27 percent to the National Grid.

The Public Utilities Commission of Sri Lanka warned that if hydropower generation is halved, it would definitely lead to power outages in the near future.

The water capacity of several Reservoirs above the main water system of Mahaweli and Kalani is gradually dropped.

These Reservoirs are the Major contributors to Hydropower Generation.