The recent islandwide blackout and subsequent uncertainty prevailing over power distribution would not be a major concern for future investors, the Board of Investment (BoI) said last week.
Chairman, BoI, Upul Jayasuriya, when queried as to whether the island-wide power cuts and interruptions to power supply caused by the blackouts were being raised as concerns by foreign investors, informed that while it was not at present a big concern.
He said the BoI had been assured by the Ceylon Electricity Board (CEB) that the export processing zones and industrial parks would be provided with an uninterrupted power supply.
“We must see how authentic the oil fired Kerawalapitiya/Yugadanavi Power Station is,” Jayasuriya noted.
“The CEB has informed the entire country that this situation will not be there for more than two days. They are commissioning the hydropower plants. Every exceptional situation is not the rule. There has been an upsurge in the requirement of power due to the heat wave presently being experienced,” he remarked.