Category: Petroleum
Power Troubles
The AES Kelanitissa plant is back after a few days off the grid, after the government stepped in to defuse a crisis that was brewing with the Ceylon Electricity Board.The AES Kelanitissa plant is back after a few days off the grid, after the government stepped in to defuse a crisis that was brewing with […]
Double Celebrations
Lanka IOC Ltd., a Sri Lankan fuel retailer, Thursday said its net profit for the nine months to December more than doubled after the company opened more filling stations on the island during that period.Lanka IOC Ltd., a Sri Lankan fuel retailer, Thursday said its net profit for the nine months to December more than […]
In the Dark
Power politics is pushing the Ceylon Electric Board (CEB) into a financial crisis with debts mounting and no increase in revenues. Power politics is pushing the Ceylon Electric Board (CEB) into a financial crisis with debts mounting and no increase in revenues. Government dithering on reforms has put the CEB’s debt restructuring in limbo and […]
Water Works
Australia is giving away 70 water purifiers, each worth A$ 5,000, to tsunami affected communities. Australia is giving away 70 water purifiers, each worth A$ 5,000, to tsunami affected communities. “Initially we are hoping to introduce 70 units but there would be more later,” said Adrian Cohen from the Australian medical risk management company, Immediate […]
Getting Nowhere
Shell Gas Lanka Ltd, a unit of Royal/Dutch Shell Group, is seeking for some ’emergency tsunami aid’ from the Sri Lankan government, after six months lag on price hikes, blew a Rs.350 mn hole in its balance sheet last year, top officials said. Shell Gas Lanka Ltd, a unit of Royal/Dutch Shell Group, is seeking […]
Clean Flush
Japan will pump Rs. 146 mn to clean up Colombo’s century old sewer system that takes on the brunt of over 700,000 residents daily.Japan will pump Rs. 146 mn to clean up Colombo’s century old sewer system that takes on the brunt of over 700,000 residents daily. The project will take till 2010 to clean […]
Easing Off
A stronger Sri Lankan rupee, backed by foreign aid for the reconstruction of the tsunami-battered island, should help the state’s Ceylon Petroleum Corp. repay its mountain of foreign debt, Ceypetco chairman Jaliya Madegama said Tuesday. A stronger Sri Lankan rupee, backed by foreign aid for the reconstruction of the tsunami-battered island, should help the state’s […]
Strong Push
Strong demand for fuel and high global oil prices will give fuel retailer Lanka IOC Ltd.‘s net profit a boost for the nine months ended Dec.31 Strong demand for fuel and high global oil prices will give fuel retailer Lanka IOC Ltd.‘s net profit a boost for the nine months ended Dec. 31 The company […]
Shelving Plans
Donors say funds hang in the balance, if the government shelves long term plans such as electricity reforms lined up this year, as tsunami re-building takes centre stage.Donors say funds hang in the balance, if the government shelves long term plans such as electricity reforms lined up this year, as tsunami re-building takes centre stage. […]
Building Block
The government has finally approved coastal building regulations, under the Urban Development Authority(UDA), for tsunami-damaged parts of the country.The government has finally approved coastal building regulations, under the Urban Development Authority(UDA), for tsunami-damaged parts of the country. Under latest guidelines no new construction is allowed up to 100m in the western coast and 200m in […]
Beached People
Sri Lanka will publish new building guidelines to start rebuilding tsunami-damaged houses along the coast, in a few days time, says the Urban Development Authority (UDA).Sri Lanka will publish new building guidelines to start rebuilding tsunami-damaged houses along the coast, in a few days time, says the Urban Development Authority (UDA). “We have identified three […]
Shell Aid
The Royal Dutch Shell Group will give US$ 3 mn to disaster relief efforts in Asia, with part of the funds coming through special schemes on fuel.The Royal Dutch Shell Group will give US$ 3 mn to disaster relief efforts in Asia, with part of the funds coming through special schemes on fuel. Of the […]