APPAREL EXPORTERS PUSH FOR COST - BASED POWER WHEELING TARIFF - BUSINESS

What happened: Sri Lanka's apparel industry, through the Joint Apparel Association Forum (JAAF), urged authorities to fast-track legal provisions for direct electricity purchases via the national grid and called for a transparent, cost-based wheeling tariff. Key numbers: PUCSL Director General and CEO Damitha Kumarasinghe estimated 15 to 20 percent of electricity could Why it matters: JAAF says the tariff should support investment and export competitiveness without discouraging investment, but discussions remain at an early stage and depend on gazetting the relevant legal provisions.

Sri Lanka's apparel industry, through the Joint Apparel Association Forum (JAAF), urged authorities to fast-track legal provisions for direct electricity purchases via the national grid and called for a transparent, cost-based wheeling tariff.

JAAF says the tariff should support investment and export competitiveness without discouraging investment, but discussions remain at an early stage and depend on gazetting the relevant legal provisions.