The Hon. W.H.M. Dharmasena
Hon. W.H.M. Dharmasena questioned the Government on the financial position and future of Pelwatte, noting that despite ethanol and sugar sales in 2025, the company reportedly owes about LKR 2.57 billion to farmers, suppliers, banks and EPF. He said cane cultivation is declining as farmers and outgrowers leave the sector, and asked whether the company will be closed, privatized, or subject to another recovery plan.
Verbatim record (translated)
Machine-translated from Sinhala / Tamil / English¶ 01 My second supplementary: In 2025, about 6 million liters of ethanol were produced and sold; sugar stocks were also sold. However, Pelwatte owes about LKR 300 million to cane farmers, about LKR 300 million to suppliers, and around LKR 800 million to Bank of Ceylon, plus around LKR 800 million overdrafts in other banks, and EPF arrears of LKR 370 million—totalling about LKR 2,570 million. Farmers are moving away from cane; outgrowers are abandoning cane; cultivation is falling in central estates. Are you closing this company, or privatizing it? What is the plan?
Provenance
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- Hansard, Friday, 23 January 2026 ·No. 23290 ·English daily/uncorrected Hansard
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/lk/speeches/14307
Cite as: The Hon. W.H.M. Dharmasena. 10th Parliament, Parliament of Sri Lanka. Hansard, 23 January 2026. No. 23290. Politick, https://staging.politick.io/lk/speeches/14307