President Anura Kumara Dissanayake stated that Sri Lanka is currently engaged in discussions with Russia to secure fuel, gas and coal supplies, as the government moves to manage the ongoing global energy crisis.
Speaking on the matter, the President said negotiations between the two states require time, noting that such agreements cannot be concluded instantly as they involve formal state-to-state processes.
He acknowledged public criticism over delays, but stressed that the current situation is part of a broader global crisis triggered by the ongoing war, which has affected energy supply and prices worldwide, including in economically strong countries.
On the current situation, he warned that prolonged global tensions could further impact Sri Lanka, particularly through reduced remittances, tourism disruptions, and fuel supply challenges.
Addressing concerns over a possible electricity shortage during the Sinhala and Tamil New Year, President Dissanayake assured that there will be no power cuts during the festive period.
He said electricity demand has increased significantly, partly due to the growing use of electric vehicles, with an additional demand of nearly 300 megawatts recorded during peak hours between 6 p.m. and 10 p.m.
The President urged electric vehicle owners to charge their vehicles during daytime hours, when there is excess power generation.
He also revealed plans to introduce a time-of-use electricity tariff system, with separate pricing for daytime and peak hours, and said tenders have been called to install battery storage systems with a capacity of 160 megawatts.
Meanwhile, he said a special committee has been appointed to oversee emergency procurement related to energy needs, assuring that measures have been taken to prevent corruption and ensure transparency in the process.
The President further stated that while there is currently no immediate requirement for power cuts, future decisions will depend on how the global situation evolves. (Newswire)