Sugar Power
April 03 (LBO) -- Pelwatte Sugar has applied to the Ceylon Electricity Board to build a 25MegaWatt power plant fired by sugar cane waste, making it the largest …
Petroleum
Liquid Potential
Mar. 31 (LBO) - Small hydro company Vallibel Power Erathne, that opens its share issue on April 6, is bullish on Sri Lanka's hydro and other renewable energy …
Joint Power
Mar. 23 (LBO) -- Sri Lanka's cabinet of ministers had approved a deal for the state-owned Ceylon Electricity Board (CEB) to team up with India's National …
Re-Shuffle
Mar. 22 (LBO) – Sri Lanka has changed the license fee structure for lubricant operators giving players an option of paying a flat fee or a percentage on …
Growing Money
Mar 22 (LBO) - Lanka Transformers were given a first subsidy payment on Wednesday for generating electricity from trees, under a new scheme to encourage …
Flagged Off
Mar 21 (LBO) – Sri Lanka's Caltex Lanka Lubricants will ship five million litres of lubricant oils into Bangladesh, its first foray into the country and …
Done Deal
Mar 15 (LBO) - The Treasury inked a deal with China National Machinery and Equipment Corporation on Wednesday, to build a US$ 455 million power plant in …
Alternate Fuel
Mar08. (LBO) -- Sri Lanka’s fuel station operators are warning potential industry newcomers of the downside of petroleum retailing in an effort to halt …
Green Money
Mar08 (LBO) – The Treasury is to fork out a subsidy for wood based electricity generation, making tariffs for dendro-power higher and more …
Picking Crumbs
Mar 07 (LBO) – The Treasury has settled Rs. 500 million in unpaid subsidy bills due to Lanka Indian Oil Corp., weeks after the company's accounts took a …
Foreign Flavour
Mar. 03 (LBO) – Sri Lanka is looking at the possibility of getting into a partnership with foreign governments to explore oil off the island’s …
Red Flag
The woes the Indian state oil giant IOC’s Sri Lankan unit continues, as the firm took an unprecedented hit on its accounts to provision off a disputed …
Sick Leave
Feb 22 (LBO) - Some workers at Sri Lanka's state owned power utility struck work on Wednesday in protest over unpaid wages, without disrupting power supplies. …
Last Warning
Feb. 21 (LBO) - About 50 public sector trade unions called off a planned strike, giving the government a ten day ultimatum to sort out salary anomalies. Unions …
Here’s Hoping
Reports that the treasury has set off tax liabilities of the Ceylon Petroleum Corporation against the full subsidy due from the government, has raised …
Treasure Hunt
Feb. 20 (LBO) - India's Reliance group is scouting for investment opportunities in Sri Lanka, with an eye on oil exploration in potential areas off Mannar on …
Betting Big
Feb. 15 (LBO) – Smaller lubricant players are asking the Sri Lankan government to scrap a five-year license fee and instead opt for a 0.5 percent tax on …
Green Fingers
Feb. 13 (LBO) – Sri Lanka's Richard Pieris Group, owners of the 'Arpico' brand, are ploughing Rs. 150 million to generate energy off trees, a top …
Number Tangle
Feb 10 (LBO) – Lanka IOC, a unit of Indian Oil Corporation, may have to re-state their published accounts if the Sri Lankan government does not pay the …
Raising Stakes
Jan 31 (LBO) - Aitken Spence upped its stake in Ace Power Embilipitiya (Private) Ltd. buy cymbalta online …