Category: Power

Apr 07, 2014 (LBO) – Sri Lanka’s Lankem Ceylon Plc said it is buying a 43.5 percent stake in Waverly Power (Pvt) Ltd, a hydro electricity company for 102 million rupees.The stake was held by another Lankem unit, Agarapatana Plantations Ltd, Lankem said in a stock exchange filing. Agarapanta is not a listed company. Prior […]

Mar 31, 2014 (LBO) – Sri Lanka’s state-run Ceylon Electricity Board has lost over 24 billion rupees in the past quarter with low rainfall hitting hydro power, a media report said, raising concerns over credit expansion and exchange rate stability.The Sunday Times newspaper quoting a letter written by CEB General Manager Shavi Fernando said CEB […]

Mar 21, 2014 (LBO) – Sri Lanka’s Laugfs Gas Plc, a group with interests in energy, retailing and leisure said the first phase of a mini hydro power plant has started operations on March 17.It will sell power to state-run Ceylon Electricity Board. Laugfs had earlier said its Ranmudu Oya mini-hydro plant is Balangoda will […]

Mar 15, 2014 (LBO) – Sri Lanka Ports Authority is in discussions with an Australia based firm to set up a liquefied natural facility to drive an industrial zone in Hambantota instead of coal, an official said. SLPA chairman Priyath Wickrama said several heavy industries in the port initially planned to use coal, which could […]

Mar 07, 2014 (LBO) – Excessively large numbers of people are dying in Sri Lanka from electrocution partly due to illegal power tapping, unsafe practices and carelessness, a regulatory official said.We are not an electrically safe country, Nilantha Sapumanage, Director Inspectorate of Public Utilities Commission of Sri Lanka told a forum in Colombo organized by […]

GADANI, February 19, 2014 (AFP) – After years of rolling blackouts that have wreaked havoc on industry and fuelled political unrest, energy-starved Pakistan has set its sights on a coal-fired future. Regarded as the dirtiest of all fossil fuels, recent discoveries of untapped coal fields in southern Pakistan have convinced the government they could be […]

Jan 31, 2014 (LBO) – Sri Lanka is probing a Chinese built coal plant for possible material, design or construction defects, following leaks in a steam cooling unit, officials said. Power minister Pavithra Wanniarachchi said she had informed Chinese embassy officials at a meeting in Colombo that the builders had to bear responsibility for the […]

Jan 09, 2014 (LBO) – Thermal generation at Sri Lanka’s state-run power utility has reached 70 percent with a sharp drop in cheap hydro generation amid dry weather, official data shows.On January 07, Ceylon Electricity Board generated 69.9 percent of its daily 32.5 GigaWatts (millions of units of electricity) from thermal sources with hydro at […]

Nov 23, 2013 (LBO) – Sri Lanka’s state-run Ceylon Electricity Board has turned around with a 17 billion rupee profit up to September 2013 but it was yet to pay down bank borrowings, a finance ministry report said.Ceylon Electricity Board has earned revenues of 142 billion rupees for the nine months and was projected to […]

Oct 28, 2013 (LBO) – RAM Ratings has confirmed a ‘A-‘ rating of Vidullanka Plc, which owns mini-hydro plants and provides consultancy. However, we note that the revenue generated by each plant of the Group highly depends on rainfall in the plant’s catchment area. This is reflected in the positive correlation between revenue and plant […]

Oct 20, 2013 (LBO) – Sri Lanka is hosting a workshop on nuclear energy with the participation of domestic and international specialists, the island’s research and development ministry said. The workshop will create awareness on a safe, long term, nuclear energy program, the ministry said. International participants from Bangladesh, Belarus, Egypt, Indonesia, Jordan, Malaysia, Peru […]

Oct 10, 2013 (LBO) – Shavindranath Fernando, head of projects at state-run Ceylon Electricity Board has been appointed its general manager, the power ministry said. S K Mohideen, had retired as general manager on October 09. Fernando had joined the CEB in 1979.