Chairman of the Public Utilities Commission Janaka Rathnayake said that if the amount of coal required for the production of electricity at the Norochcholai power plant is not received after September, there is a risk of power cuts increasing to half-a-day by the end of this year.
He pointed out that currently there is a stock of 500,000 metric tons of coal, but after September another 2.5 million metric tons of coal is required until March next year. However, $ 800 million is required to import that stock of coal and under the current financial crisis if this requirement of coal is not purchased the country will face a huge crisis.
Rathnayake said that currently one metric ton of coal in the world market is between 325 and 350 dollars, which is a three-fold increase compared to previous purchases.
A tender has already been called for the purchase of coal. He further said that the 900 megawatt power plant in Norochcholai has a huge impact on the power supply factor and in the event it is lost, the country is bound to face a serious power crisis.