Category: Power
Power officials meet Monday to investigate third island-wide power failure: Minister
Mar 14, 2016 (LBO) – Sri Lanka’s Minister of Power and Renewable Energy said senior power sector officials are to meet Monday morning to investigate two island-wide power failures on Sunday. “It was the third island-wide power failure in six months and we are now investigating it,” Thilak Siyabalapitiya, Minister, Power and Renewable Energy said. […]
Government proposals may lead to lubricant market fragmentation: Chevron
Mar 10, 2016 (LBO) – Chevron Lubricants Lanka, a leader in the island’s lubricant industry says the market may be at risk of further fragmentation as the government proposed to open up the lubricant market. “We have concerns about the 2016 budget proposals in respect of the lubricant industry,” said Kishu Gomes, Chief Executive Officer […]
Sri Lanka’s Laugfs Gas expands into Dubai
Mar 08, 2016 (LBO) – Sri Lanka’s Laugfs Gas announced the expansion of it’s regional presence with a new business venture in Dubai Multi Commodity Center which commenced operations as a fully-fledged international energy trading business. Named as SLOGAL Energy, this fully owned trading arm of Laugfs Gas commenced operations from Dubai as a international energy […]
Sri Lanka to withdraw licenses of defunct mini hydro power plants
Mar 04, 2016 (LBO) – Sri Lanka’s Power Ministry is to withdraw licenses of mini hydro power plants that have been non-operational for more than 2 years. Power and Renewable Energy Minister Ranjith Siyambalapitiya said a circular in this regard will be issued soon. “There is an issue with mini hydro power plant licensing. Some […]
Sampur power plant receives environment approval; construction soon: Power Min.
Feb 19, 2016 (LBO) – The construction work of the Sampur coal power plant will start soon as the project received the environment approval early this month, Power and Renewable Energy Minister said. Accordingly the first and second phase of this project is to be commenced within the next few months, Power Minister Ranjith Siyambalapitiya […]
Laugfs Power acquires Pams Power for 2MW mini hydro
Feb 17, 2016 (LBO) – Laugfs Power, a wholly-owned subsidiary of Laugfs Gas PLC, announced the acquisition of Pams Power (Pvt) Ltd for 200 million rupees to set up a 2MW mini hydro power plant in Ginigathhena in the Nuwara Eliya district. The plant, expected to be commissioned in early 2017 with a total investment […]
Laugfs acquires mini hydropower operator for Rs200mn
Feb 12, 2016 (LBO) – Sri Lanka’s Laugfs Power, a subsidiary of quoted Laugfs Gas has acquired the total issued shares of Pams Power private limited for 200 million rupees. Laugfs Gas said in a stock exchange filing that Pams Power is holding all rights for the development and operation of a 2 MW capacity […]
JVP askes government to tax Lanka IOC for excess profits
Feb 12, 2016 (LBO) – Sri Lanka’s Marxist Janatha Vimukthi Peramuna on Thursday called on the government to tax Lanka Indian Oil Company for excess profits the company is making. Speaking at a press briefing the General Secretary of JVP, Tilvin Silva said the Sri Lankan government is currently giving subsidies to Indian companies. “This […]
SAARC should consider common energy framework
Feb 08, 2016 (LBO) – South Asian energy regulators are looking at ways to promote cross border energy trade through a common market in the South Asian region, a SAARC official said at a forum in Sri Lanka, Monday. The forum wants to promote cross border energy trade in the region by harmonizing legal, policy […]
Sri Lanka-India power link pre-feasibility complete: Kumarasinghe
Feb 02, 2016 (LBO) – Pre-feasibility studies for Sri Lanka India HVDC transformation link have already been done in collaboration with power grid India and CEB, a senior official said. “There is a big opportunity here,” Damitha Kumarasinghe, director general of Public Utilities Commission of Sri Lanka said. “Now India is connected to Bangladesh, Nepal, […]
Sri Lanka to use new tool to assess future electricity demand
Jan 29, 2016 (LBO) – Island’s electricity regulator, the Public Utilities Commission is to adopt an internationally accepted tool to review the forecasted electricity demand in Sri Lanka. The tool named as MAED (Model for Analysis of Energy Demand) has been developed by International Atomic Energy Agency and offered free of charge to the commission. […]
Sri Lanka’s Norochcholai to add 900MW to national grid
Jan 25, 2016 (LBO) – Sri Lanka’s Minister of Power said the Norochcholai coal power plant will add 900 megawatts of electricity to the national grid this week. “The aim of the plant is to produce 5,300 million watts in 2016,” Ranjith Siyambalapitiya, Minister of Power and Renewable Energy said. The total contribution to the […]