Category: Power
Sri Lanka’s LAUGFS to resume LPG purchases from Iran
July 25, 2016 (LBO) – Sri Lanka’s listed LAUGFS Holdings says the company is planning to resume import of liquefied petroleum gas (LPG) from Iran. Speaking to Iran’s petroenergy information network on the sidelines of a Ministerial meeting between two countries oil Ministers, LAUGFS Managing Director W.K.H. Wegapitiya has expressed satisfaction over the removal of […]
Power Minister legalizes PUCSL regulations on safety of power supply
July 15, 2016 (LBO) – Sri Lanka’s Power Minister has taken steps to legalize the regulations made by the Public Utilities Commission on the safety of power supply through a gazette notification. Electricity safety, quality and continuity regulations, transmission performance standards regulations, distribution performance standards regulations and utility-driven demand side management regulations are areas covered […]
Power Minister appoints committee to probe coal purchases
July 13, 2016 (LBO) – Sri Lanka’s Power Minister on Wednesday appointed a three-member committee comprised of industry experts to look into the alleged losses incurred in Norochcholai coal procurement process during 2015 to 2016. Chancellor of Moratuwa University Prof. K Y WA Perera will chair the committee while the Chairman of CMA Prof. Lakshman […]
‘ Union says back and forth on coal vs LNG wasteful
July 11, 2016 (LBO) – The Ceylon Electricity Board Engineers’ Union says a continuous “back and forth” on whether to construct further power plants using coal or LNG is a costly delay that Sri Lanka cannot afford. Coal is not substantially more environmentally polluting than LNG, and preparations for coal-fired power has been in existence […]
Sri Lanka power regulator warns CEB on long term generation plan
Jul 07, 2016 (LBO) – Sri Lanka’s Public Utilities Commission (PUCSL) has warned that immediate action was necessary and that the Ceylon Electricity Board needs to expedite its submission of the Least Cost Long Term Generation Expansion Plan (LCLTGEP) 2015 – 2034 with the relevant changes. “You are required to submit the LCLTGEP 2015 -2034 […]
CEB posts Rs5.8 bln operating loss in first four months of 2016
July 01, 2016 (LBO) – Sri Lanka’s state-owned Ceylon Electricity Board has recorded an operating loss of 5,781 million rupees in the first four months of 2016 compared to the profit of 1,837 million rupees recorded in the same period last year. As per the mid-year fiscal position report, cost per unit without Tax has […]
Sri Lanka may approve two blocks for exploration and drilling: PRDS
June 27, 2016 (LBO) – Sri Lanka could shortly approve petroleum exploration and drilling for two blocks in the Cauvery basin, as bidders in the 2013 licensing round have recommitted to their bids, a government official said. “The government has already gone through the approval process for these bids, and bidders have recommitted to their […]
Sri Lanka’s Aitken Spence March net down 56-pct amid lower revenues
May 31, 2016 (LBO) – Profits at Sri Lanka’s Aitken Spence group which has interests in tourism, logistics and power generation fell 56 percent to 608 million rupees in the March 2016 quarter, interim accounts showed. The group reported earnings of 1.50 rupees per share for the quarter against 3.41 rupees per share reported a […]
Dubai receives solar power bid cheaper than coal
May 30, 2016 (LBO) – Dubai, in the United Arab Emirates, received a bid for an 800-megawatt plant at a power price of 2.99 cents per kilowatt-hour last month, cheaper than a coal-fired power plant commissioned in October, reports said. This is down from a record-low price of 5.85 cents per kilowatt-hour Dubai contracted for […]
Sri Lanka’s power regulator ask licensees for regulatory accounts
Public Utilities Commission of Sri Lanka has issued a set of accountancy guidelines to licensees who are in the business of electricity generation; transmission and distribution, in order to gain more information for the process of regulatory decisions making. According to the tariff methodology designed by the Commission, the determination of allowed revenue requires information […]
CEB failed to recognize renewable energy potential: SEMA Chairman
May 27, 2016 (LBO) – Sri Lanka’s state-owned Ceylon Electricity Board has failed to recognize the changing dynamics of the energy world when preparing their long term generation plan, an energy analyst charged. Chairman of the Strategic Enterprise Management Agency (SEMA), Asoka Abeygunawardane, told a public lecture on Thursday that the CEB has even failed […]
Private firm to build 10 Mw solar power plant in Vavuniya
May 20, 2016 (LBO) – Sri Lanka’s cabinet has decided to lease a 22 hectare state land in Nedun Kulam, Vavuniya to a private firm to build a 10 Mw solar power plant. The BOI approved Vydexa (Lanka) Power Corporation is to invest 14.5 million US dollars for the project and it would add 19 […]