Category: Petroleum
Dizzy News
Domestic users will be slapped with a five percent hike in electricity tariffs and an eight percent hike in bus and rail fares, as the Treasury factors in ‘corrections’ to trim its subsidy budget.Domestic users will be slapped with a five percent hike in electricity tariffs and an eight percent hike in bus and rail […]
Called Off
Ceypetco unions said Wednesday that they would not disrupt fuel supplies on the assurance that any decision on a third petroleum player would be fully discussed.Ceypetco unions said Wednesday that they would not disrupt fuel supplies on the assurance that any decision on a third petroleum player would be fully discussed. At talks on Wednesday, […]
Warning Signals
A day ahead of crucial talks with Ceypetco unions, government officials say that plans for a third player to foster competition will have to go ahead.A day ahead of crucial talks with Ceypetco unions, government officials say that plans for a third player to foster competition will have to go ahead. “We can enhance the […]
Holding Off
Crucial talks between Ceypetco unions and the President over plans for a third player in the retail petroleum sector was put off until Wednesday.Crucial talks between Ceypetco unions and the President over plans for a third player in the retail petroleum sector was put off until Wednesday. Unions suspended a lightning strike last week that […]
Gaining Steam
Shell Global, pitching for Liquefied Natural Gas (LNG) for Sri Lanka’s long-term fuel needs, met with local officials and a vocal coal lobby while in Colombo last week.Shell Global, pitching for Liquefied Natural Gas (LNG) for Sri Lanka’s long-term fuel needs, met with local officials and a vocal coal lobby while in Colombo last week. […]
Piece of Pie
The Ceylon Electricity Board is being unbundled into Strategic Business Units for six months, with top officials being appointed to head the units next week.The Ceylon Electricity Board is being unbundled into Strategic Business Units for six months, with top officials being appointed to head the units next week. “Next week, Chief Executive Officers of […]
Blowing in the Wind
The Ceylon Electricity Board (CEB) wants to build its own wind power plant after efforts to attract a private investor failed.The Ceylon Electricity Board (CEB) wants to build its own wind power plant after efforts to attract a private investor failed. The utility is planning a 30 MW wind plant in Kalpitiya in the Puttalam […]
Perfect Storm
Sri Lankan government upped prices for petrol and diesel on midnight Friday, as hundreds of motorist queued to top up following an islandwide strike by Ceypetco’s 5,000 strong workforce.Sri Lankan government upped prices for petrol and diesel on midnight Friday, as hundreds of motorist queued to top up following an islandwide strike by Ceypetco’s 5,000 […]
Maxed Out
Ceypetco unions suspended their lightening strike late Saturday following a Presidential assurance that petroleum assets will not be privatised before getting Cabinet approval. Minister K D Lal Kantha, who also heads the JVP’s Inter Company Union said that Finance Minister Dr.Sarath Amunugama had conveyed President Chandrika Kumaratunga’s assurance that the asset sale will not go […]
Oil Strike
Over 5000 workers at Ceypetco’s Kolonnawa terminal and its Colombo head office staged a walkout on rumours the government will go ahead with plans to sell off petroleum assets to India’s Bharat petroleum. Over 5000 workers at Ceypetco’s Kolonnawa terminal and its Colombo head office staged a walkout on rumours the government will go ahead […]
Chill Out
Local electricity authorities are trying to encourage consumers to save on electricity by lending the funds for investment in energy saving schemes.Local electricity authorities are trying to encourage consumers to save on electricity by lending the funds for investment in energy saving schemes. A proposal to set up an Rs 30 mn fund to finance […]
Light Harvest
Ceylon Tobacco will pilot an effort to harvest energy off trees in a joint dendro power project with Lanka Transformers, due to get off ground in August.Ceylon Tobacco will pilot an effort to harvest energy off trees in a joint dendro power project with Lanka Transformers, due to get off ground in August. The slender […]