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FINANCIAL CHRONICLE™ » FINANCIAL CHRONICLE™ » Ceramic sector

Ceramic sector

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1Ceramic sector Empty Ceramic sector Mon Mar 21, 2011 8:20 am

Rajitha

Rajitha
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
IT might not be the best time to keep holing stocks from the ceramic sector and even some hotels!! How do you think this will pan out and the market reaction to this?

No matter who says what the electricity costs in Sri Lanka are still competitive. There is no way that we are going to give commercial entities industrial rates. That is simply not going to happen. There are some banks and hotels that are being listed as industrial. There are five star hotels that are paying Rs.8 for a unit while three star hotels have to pay Rs.23 per unit. These instances will not be tolerated by us. We cannot give concessions to commercial entities. Industrial companies will get concessions if they are export oriented. That is all,” he said adding that the private sector was well positioned to gain benefits from the high performing economy.
Ranawaka responding to questions of whether consideration will be given to at least select local industries such as ceramics noted that companies should change to non electricity dependent technologies. “We already addressed this issue by telling them to work during off-peak hours in the night,” he said adding “If this is impractical then there are alternatives such as Dendro Technology.
What happened when the government gave a kerosene concession was that many plants that ran on firewood and Dendro converted to electricity.


http://www.ft.lk/2011/03/21/champika-unplugs-private-sector/

2Ceramic sector Empty Re: Ceramic sector Mon Mar 21, 2011 9:10 am

smallville

smallville
Associate Director - Equity Analytics
Associate Director - Equity Analytics
Mr. Ranawake has a point anyway.. if 5stars paying only rs.8/- its not fair for 3stars to pay rs.23/- so streamlining these would've a good effect in long run 4 e government..
However, companies get caught to if power bills are to be increased will have an impact on bottom line trying to cut costs.. As he mentioned, ceramic companies may have to consider using electricity off-peak time hence may have to consider starting operations in the night, but then again we dont know whether the night time is feasible for the business/operations at all... There may be practical difficulties in this approach..

I'm not gonna talk abt one of the points he's made like "our power supply is uninterrupted and of very high quality. There is none that is better than ours.” cuz I think he's using hydro/solar power to light up his house without an uninterrupted power supply when the main grid is down, well the rest of us cant Wink

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