LVL Energy Fund to announce Rs1.2bn IPO; largest since 2015
Dec 04, 2017 (LBO) – A leading energy company and a subsidiary of Lanka Ventures, the LVL Energy Fund is set to announce a 1.2 billion rupees initial public …
Power
Sri Lanka incurs Rs. 50.6Bn loss due to delay in implementing planned power plants: PUCSL
Nov 20, 2017 (LBO) - The Public Utilities Commission of Sri Lanka (PUCSL) says that it has estimated a financial loss of 50. online pharmacy buy diflucan with …
Norochcholai power plant to purchase coal under spot tender
Nov 08, 2017 (LBO) – Sri Lanka’s cabinet has granted approval to purchase 300,000 metric tons of coal for the Norochcholai power plant under a spot tender …
Biomass Energy Terminal to be inaugurated in Homagama
Nov 08, 2017 (LBO) – Sri Lanka’s Power Ministry in collaboration with Ecotherm Energy Solutions Private Limited will be establishing a Biomass Energy …
I will never allow substandard oil to unload: Petroleum Minister
Nov 07, 2017 (LBO) – Petroleum Minister Arjuna Ranatunga told Parliament Tuesday that he will never allow substandard oil tanker to unload in Sri Lanka. …
Sri Lanka and Qatar to sign MoU’s on Energy, diplomatic training and Water Management
Oct 23, 2017 (LBO) - The Government will ink agreements in the fields of energy, water supply and waste management and diplomatic training and research …
Cabinet approves setting up 150 small scale solar power plants
Oct 19, 2017 (LBO) – Sri Lanka’s cabinet nod has been received to implement the second stage of the Suryabala Sangramaya Programme with the establishment …
Fitch publishes Ceylon Electricity Board’s AAA rating with stable outlook
Fitch Ratings Lanka has published Sri Lanka-based Ceylon Electricity Board's (CEB) National Long-Term Rating of 'AAA(lka)' with a Stable Outlook. CEB is fully …
Govt. may not implement power pricing formula in near-term
Oct 16, 2017 (LBO) – Sri Lanka’s state-owned Ceylon Electricity Board (CEB) may not implement the pricing formula in the near-term, given the political and …
Sri Lanka’s Pan Asia Bank secures USD33Mn for green lending business
Oct 11, 2017 (LBO) - Sri Lanka's Pan Asia Banking Corporation (PABC) has secured a US 33 million dollar funding arrangement with the Global Climate Partnership …
Sri Lanka to purchase 100MW of emergency power for 6 months
Oct 04, 2017 (LBO) – Sri Lanka’s cabinet has approved a proposal to procure 100MW of electricity from private power producers for a period of 6 months with …
Sri Lanka’s long awaited LNG discovery to come into operation by 2021
Oct 03, 2017 (LBO) - Sri Lanka plans to commercialize the natural gas discoveries in one of the gas blocks in the Mannar Basin by 2021, Petroleum Resources …
PUCSL warns of shortcomings in Sri Lanka’s power supply : Report
Sept 20, 2017 (LBO) - Public Utilities Commission of Sri Lanka (PUCSL), the island's power regulator has warned of serious consequences to be expected and …
Sri Lanka accepts power generation with LNG as policy
Aug 30, 2017 (LBO) – Sri Lanka’s cabinet on Tuesday officially accepted generating electricity with Liquid Natural Gas and providing required …
Panasian Power plans two mini hydro plants in Nuwara Eliya
Aug 21, 2017 (LBO) - Panasian Power has announced the acquisition of Lower Kotmale-Oya Power Two (Pvt) Ltd to construct two mini hydro-power plants (MHP) in …
Proparco (AFD) grants €20mn loan to DFCC to promote alternate energy, SME
Aug 11, 2017 (LBO) - DFCC Bank has been granted a long term loan of €20 million by Proparco, a subsidiary of Agence Française de Développement (AFD), to …
Sri Lanka to kick off solid waste plants with USD193 mln investment
Aug 10, 2017 (LBO) - Sri Lanka will see two solid waste-to-energy power plants starting construction as two public-private partnership (PPP) projects in …
Sri Lanka’s public institutions to go solar: Minister
Aug 09, 2017 (LBO) - Sri Lanka's cabinet has given the go ahead to budget and establish panels to generate solar power on the roofs of all public …
Perkins and Sterling & Wilson Group strengthen partnership in Sri Lanka
Aug, 08 2017 (LBO) - The industrial policies in Sri Lanka have always encouraged investment in industries, making the country an important market for Perkins, …
No coal in Sri Lanka’s PUCSL approved long-term power generation plan
July 20, 2017 (LBO) - Sri Lanka's Public Utilities Commission has approved an alternate Least Cost Long Term Generation Expansion Plan (LCLTGEP) 2018- 2037 of …