Category: Power
Solar Alliance will create a greener, cleaner, healthy world: President
Mar 12, 2018 (LBO) – Sri Lanka’s President Maithripala Sirisena expressed confidence that the International Solar Alliance (ISA) would showcase the power of the countries involved to bring about solutions to create a greener, cleaner and a healthy environment for people of this world.Addressing the Founding Conference of the ISA Summit in New Delhi today […]
Laugfs Gas restructures to create opportunities for investors and foster growth
Mar 07, 2018 (LBO) – Sri Lanka’s a Laugfs Gas PLC announced a strategic restructuring to consolidate dominance in energy operations and create opportunities for investors to invest in individual businesses and foster concentrated growth opportunities, a senior official said Tuesday. “Once the segregation is completed by 31st March as expected, all different entities will […]
Sri Lanka to establish accepted professional status for electricians
Mar 05, 2018 (LBO) – Sri Lanka’s power regulator said it will establish an accepted professional status for electricians in the country through accrediting their qualifications and experience. The proposed mechanism was developed by Public Utilities Commission of Sri Lanka (PUCSL) in collaboration with the Institution of Engineers Sri Lanka (IESL), Tertiary, Vocational Education Commission […]
Cabinet approves proposal to conduct feasibility for India, Japan aided LNG terminal
Feb 28, 2018 (LBO) – Sri Lanka’s cabinet on Tuesday approved a proposal to conduct a feasibility study for the proposed Liquefied Natural Gas (LNG) Terminal and the Floating Storage Regasification Unit (FSRU). Accordingly, Sri Lanka will sign a tripartite MoU with India and Japan soon to conduct a feasibility study. Cabinet has also decided […]
Innovative Smart Solutions to revive electronic manufacturing in Sri Lanka
Feb 16, 2018 (LBO) – Innovative Smart Solutions (Pvt) Limited (iS2) launched their ‘SmartHome’ product line under the brand name Ape with the intention of reviving electronic manufacturing in Sri Lanka, in Colombo recently. Ape users will be able to control their electrical devices such as lights, fans etc. remotely using their mobile phones. The […]
Sri Lanka signs the Framework Agreement on International Solar Alliance
Feb 02, 2018(LBO) – The High Commissioner for Sri Lanka in India, Chitranganee Wagiswara signed the Framework Agreement of the International Solar Alliance (ISA) at the Ministry of External Affairs of India in New Delhi, recently. Once the Agreement is ratified, Sri Lanka will become a founding member of the International Solar Alliance. With a […]
LAUGFS to set up cylinder manufacturing plant in Bangladesh
July 17, 2017 (LBO) – LAUGFS Gas Bangladesh, part of the diversified Sri Lankan multinational LAUGFS Holdings, said it is planning to set up a cylinder manufacturing plant in Bangladesh. LAUGFS Gas Bangladesh currently operates a world-class LPG import, bottling and distribution facility in Mongla Port, the company said. It serves domestic and industrial segments […]
Sri Lanka to go ahead with LNG plants from India, Japan
July 12, 2017 (LBO) – Sri Lanka’s cabinet has approved a proposal to issue letters of intent to build two LNG power plants in the island. These two plants, which will generate 500MW each, is to be carried out by India and Japan, a cabinet decision said without revealing details. In April this year, […]
SriLankan Airlines, CEB, CPC record Rs30bn loss in first 4 months
July 10, 2017 (LBO) – State-owned carrier Sri Lankan Airline, main power supplier Ceylon Electricity Board and Ceylon Petroleum Corporation together have recorded a loss of 30 billion rupees in the first four months of this year, a treasury report showed. Sri Lankan Airlines The total loss of Sri Lankan Airlines increased by 55 percent […]
PUCSL asks power utility to develop 12 new generation scenarios
June 30, 2017 (LBO) – Sri Lanka’s Public Utilities Commission of Sri Lanka (PUCSL) has asked the Ceylon Electricity Board (CEB) to submit 12 scenarios which will provide different power plant combinations by 7th of July 2017. Issuing a statement the PUCSL said these scenarios should be developed with updated prices for coal, natural gas […]
‘s Long Term Energy Generation Plan not in keeping with govt policy: SEMA
June 16, 2017 (LBO) – The Least Cost Long Term Generation Expansion Plan (LCLTGP) 2018-2037 proposed by the Ceylon Electricity Board (CEB) is not in line with the policy of the government, the Strategic Enterprise Management Authority (SEMA) said. “According to the CEB’s plan only 35 percent of the islands energy demand will be met […]
‘s power grid may be replicated elsewhere
June 15, 2017 (LBO) – Cybersecurity researchers say the 2016 attack on Ukraine’s power grid that deprived part of its capital Kiev of power was caused by a cyberattack — specifically, of the grid-sabotaging malware variety. A week before last Christmas, hackers struck an electric transmission station north of the city of Kiev, blacking out […]