Category: Power
Guidelines on issuance and payment of power bills during Covid and immediately after
May 15, 2020 (LBO) – These guidelines include the interim measures suggested to be followed by Ceylon Electricity Board (CEB) and Lanka Electricity Company Pvt. Ltd (LECO) in order to facilitate the issuance of utility bills and to facilitate the Customer with additional services (if required) for the payment of bills during the curfew period […]
Grace period to pay electricity bills; guidelines to calculate bills on pro-rata basis
May 14, 2020 (LBO) – The Public Utilities Commission (PUCSL), Ceylon Electricity Board (CEB) and Lanka Electricity Company (LECO) have taken steps to ensure fairness for electricity consumers in issuing monthly electricity bills and allowing a grace period to pay the monthly bills. The guidelines prepared by the PUCSL set forth in this regard will […]
PUCSL extends electrical and plumbing issues
Apr 14, 2020 (LBO) – A special service to provide solutions for electrical systems and plumbing issues of households during the curfew period which has already been launched in the western province is now being extended to other districts of Sri Lanka. This service is jointly implemented by the Sri Lanka Police, National Water Supply […]
Sri Lanka to set up crude oil price stabilization fund
Mar 19, 2020 (LBO) – Sri Lanka will set up a crude oil price stabilization fund to absorb the shocks in global price fluctuations without changing the local oil prices, Co-cabinet Spokesman Bandula Gunawardane said. The government is proposing to collect 200 billion rupees for the fund to facilitate the delayed payments of the Ceylon […]
Women in the workforce and why it matters for Sri Lanka: World Bank
To mark this year’s International Women’s day, we’re discussing how Sri Lanka can benefit from more women joining the workforce and what can be done to improve their job prospects and remain at work. World Bank Country Director for Maldives, Nepal and Sri Lanka Dr. Idah Pswarayi-Riddihough was featured in a “Spotlight Series” interview with […]
Fitch rates Ceylon Electricity Board’s proposed debentures ‘AA+(lka)’
Fitch Ratings has assigned Ceylon Electricity Board’s (CEB: AA+(lka)/Negative) proposed senior unsecured debenture issue of up to LKR20 billion a National Long-Term Rating of ‘AA+(lka)’. The debentures constitute direct, unsubordinated and senior unsecured obligations of CEB and are rated at the same level as the entity’s National LongTerm Rating. CEB’s ratings are equalised with that […]
Power cut carried out on 03 February by CEB could have been avoided: PUCSL
Feb 27, 2020 (LBO) – Public Utilities Commission of Sri Lanka (PUCSL) says that the load shedding programme carried out on 03 February 2020 could have been avoided. “Apparently the system had enough capacity to supply the full demand during the period of load shedding,” the PUCSL said in an analysis report. “However, if the […]
‘s main power outages
Feb 26, 2020 (LBO) – Continuous fuel supply from Ceylon Petroleum Corporation (CPC) has become the principal deciding factor for an uninterrupted power supply in Sri Lanka, a recent report highlighted. According to the latest power outage report of the Ceylon Electricity Board (CEB), exceeded credit limits have left the CPC with no other option […]
‘s electrocutions reached an alarming situation in 2019: PUCSL
Feb 12, 2020 (LBO) – Sri Lanka reported 103 fatalities due to electrocution in the year 2019 up from 89 fatalities reported in 2018, the electrocution report 2019 released by the Public Utilities Commission of Sri Lanka (PUCSL), the electricity sector regulator, revealed. The southern province of Sri Lanka reported the highest fatalities due to […]
Disclosure statement on Lanka IOC by Fitch Ratings
Feb 11, 2020 (LBO) – Fitch Ratings, making a disclosure in response to market enquiries about ratings of LIOC, said that they did not provide ratings or analytical coverage of Lanka IOC beyond 1 February 2017. Fitch Ratings assigned a private monitored National Long-Term Rating of ‘AA(lka)’/Stable to Sri Lanka-based Lanka IOC PLC (LIOC) on […]
ICRA : Recent developments in power sec credit positive for mini-hydros
ICRA Lanka views recent developments in the hydro power sector to be credit positive. We based our assessment on three factors, (1) availability of sufficient water flows (run off river flow) due to favourable weather conditions that prevailed last year, (2) the Ceylon Electricity Board’s (CEB’s) decision to renew Power Purchase Agreements (PPAs) with hydro […]
PUCSL asks CEB for explanation regarding recent power outages
Feb 07, 2020 (LBO) – The Public Utilities Commission of Sri Lanka (PUCSL), the electricity regulator is seeking an investigation report on the recent power outage from Ceylon Electricity Board (CEB), a statement said. Issuing a statement the PUCSL has asked the CEB to submit the said report on or before 12th February 2020. Sri Lanka […]