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Govt suspends funds for state functions

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COLOMBO (News 1st) – A circular has been issued suspending the expenses incurred for various events of State Institutions by the Secretary to the Ministry of Finance, Economic Stabilization and National Policies Mahinda Siriwardena.The Cabinet had decided on the 13th of June to suspend the spending of funds for events related to their scope as well as other external events in the current limited financial space.However, the Ministry of Finance, Economic Stabilization and National Policies say that it has been reported that such expenses are still being incurred contrary to the relevant rules.Accordingly, the Secretary states state funds should not be used for opening ceremonies and other events at Ministries, Departments, State Corporations, Companies, Statutory Boards, State Enterprises, Provincial Councils, Local Government Institutions and State Banks..

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‘No Coal – No Power’ : Coal shipment delayed to early January 2023
COLOMBO (News 1st) –  Multiple factions allege that motives to commit fraud are linked to the state's delay in procuring coal on time for the continuous operation of the Norochcholai Coal Power Plant, which is the main power plant in the entire country.A coal shipment is expected to reach Sri Lanka on the 5th of January 2023, and according to marine traffic data the bulk carrier with coal had left a port in Mozambique on Sunday (25) bound to Sri Lanka.What is the Coal Crisis & why is coal so important to us?The coal shipment bound to Sri Lanka from Mozambique will determine if the Norocohcholai Coal Power will continue to operate, as it generates a lions share of the electricity demand in the country.A shortage of coal will eventually lead to a complete shutdown of the power plant.The bulk carrier Darya Rama carrying a shipment of coal had left the Port of Maputo in Mozambique at 7:40 AM on Sunday (25), and it expected to lay anchor off the coast of Puttlam at around 4:00 PM on the 5th of January 2023.The vessel was originally scheduled to dock in Sri Lankan on Wednesday, however certain delays had pushed back its arrival date to somewhere between the 3rd and 5th of January 2023.The Chairman of Lanka Coal Company (Private) Limited on the 22nd of December 2022 said that when this shipment reaches Sri Lanka, the existing stocks of coal would have already been exhausted.How much of coal does the Norochcholai Coal Power Plant need to operate on any given day?The Norochcholai Power Plant has three generators, and each of these generators will require 2,500 MT of coal.
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