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FINANCIAL CHRONICLE™ » DAILY CHRONICLE™ » Electricity Sector Needs To Open Up..

Electricity Sector Needs To Open Up..

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1Electricity Sector Needs To Open Up.. Empty Electricity Sector Needs To Open Up.. Sun Jul 01, 2012 1:23 am

CSE.SAS

CSE.SAS
Global Moderator
A market economy is sine qua non to develop the electricity sector, a Sri Lankan born engineer domiciled in the USA told a forum in Colombo on Monday.

Don Nissanka, President & CEO Exergonix, a company which provides “green” energy solutions, said this, when he was told by this reporter that state owned Ceylon Electricity Board and Lanka Electricity Company (Pvt.) Ltd. have the sole monopoly in Sri Lanka in regard to the sale of electricity to the consumer.

This was in the context of his speech, which was about selling green electricity energy products to the customer. Nissanka in reply said that the uniqueness of the American system was its entrepreneurial based market economy.

Speaking from his experience in the USA, he said that selling the idea of marketing electricity, is bankable.

“Any bank, if it’s assured of revenue streams for a sustained period of 20 years will fund such a project,” said Nissanka. The consumer may be a municipality or an industry or a community, he said.

Nissanka said that the Americans consume a lot of electricity. A household may have as many as eight TV sets coupled with air conditioners, he said. For such households he sells 25 kilo Watt (kW) battery cells powered by a mix of wind energy and solar power. Nissanka said that it’s more cost effective if these battery storage cells are dual powered, ie by both sunlight and wind energy.

For the Sri Lankan off grid household, where the needs are basic, probably an electric light for the children to study at night, a 1-2 kW battery storage cell would be sufficient, he said. The price of such a cell is US$ ($) 1,000 and its lifespan 15 years, said Nissanka.

This is new technology, but once it’s mass produced costs will go down, he said.

For instance an electricity unit from a one mega Watt storage battery which was previously sold for $ 2.50, has since come down to $ one and as even as low as 50 US cents, Nissanka said. In time to come such green storage batteries will be able to compete with generators, he said.

Green energy is the future, a lot of countries are moving towards that path, he said. Last year the global energy market was valued at $ 5.8 trillion of which the renewable energy sector was the fastest growing, Nissanka said.

They could be connected to the conventional grid run by fossil fuels.

Its development, particularly in the USA was due to the high cost of conventional energy that had even led to blackouts. As a result, in certain areas, energy prices which were a mere 2-3 US cents per unit, shot up to 40-50 cents. A 1,000 acre campus is being developed in the USA for the study of green technology, he added. The US Government has invested $ 2.4 billion for the development of green technology.

“Capturing renewable energy and feeding them back to the grid, we are prepared to do that in Sri Lanka,” said Nissanka.

The event was organized by the Institution of Engineering and Technology, Sri Lanka Network.
http://www.thesundayleader.lk/2012/07/01/electricity-sector-needs-to-open-up/

Chinwi

Chinwi
Associate Director - Equity Analytics
Associate Director - Equity Analytics
You are allowed to produce electricity but it is illegal to sell in Sri Lanka.

CEB has the monopoly .

This is detrimental to the development in energy supply in our county.

There are lot of private parties coming here to invest in renewable energy ( solar, wind) , go back when they learn this threat.
You have to sign an agreement with CEB for a by-back. They decide the rates. If they cancel it or differ the payments you cannot sell to anybody else and your millions are lost.

You are not allowed to have a plant and sell the products to the outsiders even in a very rural areas where there is no CEB .



K.Haputantri

K.Haputantri
Co-Admin
@Chinwi wrote:You are allowed to produce electricity but it is illegal to sell in Sri Lanka.

CEB has the monopoly .

This is detrimental to the development in energy supply in our county.

There are lot of private parties coming here to invest in renewable energy ( solar, wind) , go back when they learn this threat.
You have to sign an agreement with CEB for a by-back. They decide the rates. If they cancel it or differ the payments you cannot sell to anybody else and your millions are lost.

You are not allowed to have a plant and sell the products to the outsiders even in a very rural areas where there is no CEB .




What a crime! State monopolies have become a hindrance for development. Time has come to come out of this hell.

4Electricity Sector Needs To Open Up.. Empty Re: Electricity Sector Needs To Open Up.. Sun Jul 01, 2012 11:06 pm

Whitebull


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
What I have heard is those agreements are realy in favour of the private power plants.

Chinwi

Chinwi
Associate Director - Equity Analytics
Associate Director - Equity Analytics
@Whitebull wrote:What I have heard is those agreements are realy in favour of the private power plants.

That was the story some times ago with some selected parties.

At the moment many small scale suppliers are facing difficulties due to non adjusting of old rates , non renewal of agreements etc.

What I heard from new investors is that they are reluctant to invest in big amounts because of this monopoly.

At the moment you are allowed to have a joint venture with a big customer like a garment factory and sell your production to them. This is possible only if they are located closer to your plant.

Net-metering is also allowed even for individual households.
What your solar panels produce in daytime is fed to the grid and the total units supplied is deducted from your monthly bill. The cost of installing a solar netmetering system is about 1.2million. Hence, only if you pay over 6000.00 per month to CEB for electricity, this is viable. They say it will bring down the bill towards 2000.00. You can also add new panels later and increase the production. Somehow, you cannot get any money from them if your production exceeds your consumption from the grid.

WildBear


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
There were not much of thermal power plants prior to 2001, till the power crisis which contribut partly to change the government as well and UNP came to power, then the power and energy minister promised to solve the problem in 180 days. This caused mushrooming of diesel power plants, and they have significant shareholding of government related parties and also some big shot CEB engineers. They do not want to see building of hydropower and coal plants as they might hinder the return of their investments. This was a one contributory factor delaying the norochcholai project. It was not a secret that those parties did such things to discourage small scale hydropower companies as well, and it is likely that those forces haunting again and again in this manner to discourage small hydrostatic, and we are dreaming to become an energy hub. Evil or Very Mad

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