Sustaining Power

From left: Dr. Fernando Im, Senior Country Economist for Sri Lanka and the Maldives, The World Bank, Hon. Eran Wickramaratne, State Minister, Ministry of Finance and Mass Media, Dr. W A Wijewardana, Former Deputy Governor of the Central Bank of Sri Lanka, Prof. Indralal de Silva, Former (Chair) of Demography, University of Colombo, Prof. Amala de Silva, Department of Economics, University of Colombo at the panel discussion on "Demographic Change in Sri Lanka" moderated by Dr. Ramani Gunatilaka, International Centre for Ethnic Studies.

Limited energy supply could hinder a so far promising economic recovery over the next few years, Central Bank officials warned today.rn

rnldblquote If the economy continues to grow at a healthy pace, we are concerned as to where the power will come from to sustain it, with emergency power also coming to an end by June
dblquote , says Director Statistics, Central Bank, Anila Dias Bandaranaike.rn

rnldblquote At the moment we are okay with about 120 Mw coming on board this year. But if the pace of the economy quickens, the power sector in the long term needs to be looked at
dblquote .rn

rnTo sustain GDP levels at 5.5 percent, the power sector has to grow at an average 10 percent, up from current averages of between 8 and 10 percent a year.rn

rnldblquote We are operating at thin margins and the capacity for the next few years is just sufficient if there is no emergency situation like a breakdown or a drought like we had recently
dblquote , officials say.rn

rnldblquote If there is a situation lik