Indirect Regulatory Capture, Regulator and the Utility in Electricity Sector

This paper discussed the two cases of the regulatory decisions of the electricity sector regulator of Sri Lanka on renewable energy tariff calculation and approval of long term generation Expansion plan. The objectives of the analysis of the case studies are to examine how does utility can react on the regulatory decisions in the monopolistic market and whether it leads to a situation of Indirect Regulatory Capture. The regulatory process is examined from the perspective of various interest groups over the time, using Public Interest theory and Interest Group theory. The two cases are shown to have been strongly influenced by the interests of the different stakeholders of the electricity sector themselves, indicating a degree of 'regulatory capture'. The relationship of the utility and the regulator has been increasingly challenged by external pressures, interests of the stakeholders, and by, the level of resistance of the monopolistic utility. The paper concludes that in the monopolistic electricity market regulators decision can be reversed if the Utility is strong enough to resist the regulators decision if not favorable for the public or the utilities’ interest

WHY DOES TRANSMISSION LICENSEE SHOULD HAVE BULK SUPPLY TRANSACTION ACCOUNT IN VERTICALLY INTEGRATED UTILITY IN MONOPOLISTIC ELECTRICITY MARKET OF SRI LANKA

Sri Lanka has monopolistic electricity market dominated by Ceylon Electricity Board (CEB) in all three aspects of electricity i.e. Generation, transmission and distribution. The Public Utilities Commission of Sri Lanka (PUCSL) is the regulatory authority for the electricity sector. PUCSL has informed CEB for establishment of an effective and transparent mechanism to carry out Bulk Supply Transaction Account (BSTA) for implementation of a transparent Tariff Regime. However still CEB has not agreed to establish the BSTA. Since this is an issue where both parties are arguing advantages and disadvantages it was studied qualitatively to figure out the reasons and solution. Hence the objective of the study is to reason out the importance of BSTA and to identify the obstacles of establishing BSTA. We interviewed Director General PUCSL, Transmission Licensee and Distribution licensees of CEB, Lanka electricity Company officials, Donor Agencies and independent experts. It was revealed that the reasons highlighted by the advantages of having BSTA are improvement of efficiency, monitoring by the management on functions and sound financial situation of utility and the counter arguments made by Senior officials of CEB are at present CEB has separate accounting system for transactions, threat of unbundling, no legal provision to do it. However, under the existing legal framework there is no requirement to establish separate physical bank accounts for each licensee of CEB, considering the reasons explained by both parties it can be concluded that implementation of BSTA is important to improve the effective and transparent financial system in the CEB. But it is necessary to have clear legal provisions. However, BSTA is an integral part of tariff methodology. Hence it is necessary to have good tariff methodology for the sector to ensure the financial viability of the utilities

EFFECTS OF INSTITUTIONAL FACTORS ON NON-PERFORMING LOANS IN STATE BANKS OF SRI LANKA

Non-Performing Loans (NPL) is a significant phenomenon especially in the State Banks of Sri Lanka. This is a typical feature in the majority of the banks in Asian countries. NPL arise based on several reasons. Among them, this study examines the significance of the institutional factors on Non-Performing loans. The population comprised of loan borrowers from State banks in Sri Lanka. Sample comprised 102 loan borrowers selected through random sampling from selected state banks in Western Province that borrowed loans during 2013-2018.. Data was collected through a questionnaire based on 08 variables identified through literature review and analyzed using independent sample t tests. Results show except management efficiency all other variables influenced on NPL. Policies should formulate to mitigate the effects of influential variables.&nbsp

Fluorophore tagged mixed ligand copper(II) complexes: synthesis, structural characterization, protein binding, DNA cleavage and anticancer activity

Two fluorophore tagged copper(II) complexes Cu(phen)(L)(ClO4)(2)] (1) and Cu(bpy)(L)(H2O)(ClO4)](ClO4) (2), (where L=2-amino-1H-benzode]isoquinoline-1,3-(2H)dione (L), phen=1,10-phenanthroline and bpy=2,2 `-bipyridine) have been synthesized and structurally characterized. Structures of the copper complexes 1 and 2 were confirmed by single-crystal X-ray structure determination. The coordination geometry around the copper center of complexes 1 and 2 is distorted octahedral. The plasmid DNA cleavage activity of the complexes has been investigated by agarose gel electrophoresis and the study reveals that both the complexes have high plasmid DNA photo-cleavage activity. The binding interaction ability of the metal complexes with bovine serum albumin (BSA) was investigated using fluorescence spectroscopy. The cytotoxicity of the complexes has been evaluated by MTT (3-4,5-dimethylthiazole-2-yl]-2,5-diphenyltetrazolium bromide) assay against A549 (adenocarcinoma human alveolar basal epithelial cells) and MCF-7 (breast cancer cell line) cell lines in comparison with cis-platin. Complexes 1 and 2 have exhibited better cytotoxic activity than cis-platin against A549 and MCF-7 cell lines. The cellular uptake study and localization of the complexes within the cells have been investigated by fluorescence microscopy. The cell staining and flow cytometry experiments suggest that complexes induce an apoptotic mode of cell death

VASE LIFE STUDIES ON Dracaena reflexa CUT DECORATIVE SHOOTS

Wilting and color change of Dracaena leaves are major post harvestproblems in exportation. This study is an attempt to overcome these problemsand to improve vase life of Dracaena cut stems. Experiments were done atGreen Farms Ltd. Marawila to investigate post harvest handling of Dracaenareflexa to maintain export quality and freshness. Series of experiments wereconducted to investigate management practices; effect of glycerol solution(pure glycerol in 1,3 & 5hrs); effect of immersing one hour (using KMn04 2,5 & 10pmm); effect of sucrose solution (2, 5 & 10%); effect of KMn04 (2, 5& lOppm) for cultivars of Dracaena reflexa "Reflex a Green", "Song ofJamaica" and "Song of India". Treatments were arranged in completerandomized design with 4 replicates each. Data were analyzed using SASstatistical programme with analysis of variances. Mean separation was doneusing LSD on parametric procedures.The results revealed that wilting, color change and rotting, of Dracaenareflexa cultivars were not significantly affected by post harvest solutions ofKMn04 and sucrose compared to the control (tap water). However, pureglycerol (dipped for 1hr) and tap water maintained vase life of "Song ofJamaica" for 21days. Damaged cuttings showed Erwinia infection after 10-12days during vase period (CV = 05.628813). Results in general show avoidinginjury to specimens, and this helps to maintain the quality of the products.Many infections can be avoided by keeping the specimens dry. Experimentsproved that maximum vase life of Dracaena cuttings could be achieved bymaintaining proper management practices and sanitation conditions in a coldroom.

Influence of gibberellic acid on growth and quality of fenugreek (Trigonella foenum-graecum L.)

Gibberellic acid (GA3) at 50 ppm, 75 ppm, 100 ppm and 125 ppm was sprayed to fenugreek at 40 and 60 days after sowing. GA3 @ 100 ppm promoted growth and produced highest yield (12.60 q ha-1), followed by GA3 @ 75 ppm (12.05 q ha-1) which, however, was at par with GA3 @ 100 ppm. Among quality parameters, carbohydrate was highest (45%) with GA3 @ 125 ppm whereas, crude protein content was highest (29.33%) with GA3 @ 75 ppm. The highest oleoresin content (0.3%) and highest essential oil content (2.8%) was recorded with GA3 @ 100 ppm. &nbsp

Revisiting adoption and adaptive capacity parameters for Impact Assessment

The development of improved, fertilizer-response high-yielding varieties of wheat and rice during the early 1960s and their widespread adoption by farmers, first in Asia and then in Latin America, marked the beginning of what is known as the ‘Green Revolution’. Much has been written about this technological breakthrough and its impacts – both positive and negative – in the years since its effects were first felt in farmers’ fields. Anecdotal evidence and specific case study examples are often cited in support of large positive effects as well as negative ones. The core of the debate centers on the nature and size of the impacts from improvements in the crop germplasms. By adopting improved varieties, many farmers lowered costs of production and generated higher rates of return from their land, labour and capital. This, in turn, had positive impacts on income and helped reduce poverty. An indirect spillover effect from modern variety adoption in other areas was also declining crop prices. In the areas not touched by the ‘Green Revolution’, costs of production did not fall, and this, in turn, had an adverse effect on farmers’ income in these regions. Thus, the key challenge now for the CGIAR and its NARS partners is to target Crop Genetic Improvement (CGI) research investments to farmers who have thus far been bypassed by the Green Revolution, primarily in those resource poor, marginal environments (SAT areas) where modern varieties have not yet been adopted

Indirect Regulatory Capture, Regulator and the Utility in Electricity Sector

This paper discussed the two cases of the regulatory decisions of the electricity sector regulator of Sri Lanka on renewable energy tariff calculation and approval of long term generation Expansion plan. The objectives of the analysis of the case studies are to examine how does utility can react on the regulatory decisions in the monopolistic market and whether it leads to a situation of Indirect Regulatory Capture. The regulatory process is examined from the perspective of various interest groups over the time, using Public Interest theory and Interest Group theory. The two cases are shown to have been strongly influenced by the interests of the different stakeholders of the electricity sector themselves, indicating a degree of 'regulatory capture'. The relationship of the utility and the regulator has been increasingly challenged by external pressures, interests of the stakeholders, and by, the level of resistance of the monopolistic utility. The paper concludes that in the monopolistic electricity market regulators decision can be reversed if the Utility is strong enough to resist the regulators decision if not favorable for the public or the utilities’ interest

Impact Assessment Analysis to Support International Agricultural Research Funding Decisions: Historical Overview, Methods and Applications at ICRISAT

This synthesis paper presents a historical evolution of the impact assessment analysis at ICRISAT to support its strategic research investment choices. It presents the methods and diverse applications with specific attention on methodologies and applications to improve the efficiency and reliability of the results from research priority setting processes. It documents the impact assessment tools adapted to support decision making and the types of decisions that were supported. A summary of the essential activities as well as the focus of the support and future directions are also covered. The important features of the economic framework are highlighted, particularly the multi-region traded good model and spillover estimation. While this overview illustrates the full range of parameters underlying the estimation of benefits from research investments, it draws attention to four recent interesting enhancements in the methodology and applications to support international agricultural research funding decisions...

Programmatic use of molecular xenomonitoring at the level of evaluation units to assess persistence of lymphatic filariasis in Sri Lanka

BACKGROUND:Sri Lanka's Anti Filariasis Campaign distributed 5 rounds of mass drug administration (MDA with DEC plus albendazole) to all endemic regions in the country from 2002-2006. Post-MDA surveillance results have generally been encouraging. However, recent studies have documented low level persistence of Wuchereria bancrofti in Galle district based on comprehensive surveys that include molecular xenomonitoring (MX, detection of filarial DNA in mosquitoes) results. The purposes of this study were to demonstrate the use of MX in large evaluation units (EUs) and to field test different mosquito sampling schemes. METHODOLOGY/PRINCIPAL FINDINGS:Galle district (population 1.1 million) was divided into two EUs. These included a coastal EU with known persistent LF and an inland EU with little persistent LF. Mosquitoes were systematically sampled from ~300 trap locations in 30 randomly selected clusters (health administrative units) per EU. Approximately 28,000 Culex quinquefasciatus were collected with gravid traps and tested for filarial DNA by qPCR. 92/625 pools (14.7%) from the coastal EU and 8/583 pools (1.4%) from the inland EU were positive for filarial DNA. Maximum likelihood estimates (MLE) for filarial DNA rates were essentially the same when the same number of mosquito pools were collected and tested from 75, 150, or 300 trap sites (range 0.61-0.78% for the coastal EU and 0.04-0.07% for the inland EU). The ability to use a smaller number of trap sites reduces the cost and time required for mosquito sampling. CONCLUSIONS/SIGNIFICANCE:These results suggest there is widespread persistence of W. bancrofti infection in the coastal Galle EU 8 years after the last round of MDA in 2006, and this is consistent with other data from the district. This study has shown that MX can be used by national programs to assess and map the persistence of W. bancrofti at the level of large EUs in areas with Culex transmission