Category: Power

Oct 08, 2013 (LBO) – Sri Lanka and India has inked a deal to build a 500MegaWatt joint venture coal power plant, in the island’s North Eastern coast which is expected to come on stream by 2018.Sri Lanka’s power ministry secretary MMC Ferdinando, chairman of state-run Ceylon Electricity Board WB Ganegala and NTPC chairman Arup […]

Oct 03, 2013 (LBO) – Sri Lanka will set standards for energy saving light emitting diode (LED) bulbs, paving the way to end high taxes on the product, an official said. Wickramasinghe said buyers can look at the star rating and compare prices and brands. “A light with higher star rating may be a better […]

Oct 02, 2013 (LBO) – Power utilities of Sri Lanka and India will ink a key deal to start a 500MegaWatt coal plant in the island’s north east coast next week, a senior official said.The plant is seen as crucial to avoid power shortages in Sri Lanka by 2017/2018. Sri Lanka now has one 300MW […]

Oct 02, 2013 (LBO) – Sri Lanka’s power regulator is setting up rules for ‘demand side management’, but the main utility and other stakeholders have asked for fine tuning and await a load research study. “At present the marginal cost of production of power is very high,” Damitha Kumarasinghe director general of Sri Lanka’s Public […]

Oct 01, 2013 – Sri Lankan power users have adopted energy saving lighting in a big way conserving an estimated 312 MegaWatts of load a day and keeping a night peak from rising faster, a sector official said.It also involves start up costs for generators. Sri Lanka also charges penal rates from larger household customers, […]

TOKYO, September 15, 2013 (AFP) – Japan is to start the process of switching off its last working nuclear reactor Sunday for a scheduled inspection with no restart in sight due to public hostility towards atomic power.No one is officially recorded as having died as a direct result of the meltdowns at Fukushima, but tens […]

Sept 11, 2013 (LBO) – Lanka Ventures Plc, a unit of Sri Lanka’s Acuity Partners, group said it had invested 2.0 million US dollars in a 52.2 MegaWatt heavy fuel power plant in Bangladesh.Acuity Partners is owned by Sri Lanka’s DFCC and HNB banking groups. Raj Lanka Power Company Ltd, promoted by Sri Lanka based […]

Aug 01, 2013 (LBO) – Sri Lanka’s state-run Ceylon Electricity Board is close to signing a power purchase deal with an Indian joint venture coal plant, a top official said. The CEB and India’s National Thermal Power Corporation is to build a 500 MegaWatt coal plant in Trincomalee but signing its power purchase agreement was […]

July 30, 2013 (LBO) – Sri Lanka is studying locations to site a high tech coal plant for which funding is expected from Japan, after concerns over the initial location, a top official said. The 500 MegaWatt coal plant was to be built at Athuruwella in the South West coast of the island. Power ministry […]

July 08, 2013 (LBO) – Sri Lanka’s Aitken Spence Power, a unit of Sri Lanka’s Aitken Spence group has put two 24 MegaWatt plants for which power purchase agreements have expired for sale.Aitken Spence in a web notice said it invited offers for the plants, each of which had four Wartsila Vaasa Engines running on […]

July 8, 2013 (LBO) – Sri Lanka will begin building a 35 MegaWatt ‘Broadlands’ hydro power plant, on July 15 in Polpitiya, Kithulgala, the power ministry said.The plant will produce 126 GigaWatt hours of energy a year for state-run Ceylon Electricity Board. The 82 million dollar plant will be 85 percent financed by China Development […]

July 01, 2013 (LBO) – Sri Lanka’s Ceylon Chamber of Commerce said it is holding an expert forum for businesses looking for ways to cut power use after a recent hike. “The recent escalation in electricity tariffs was estimated to increase the electricity bills of most industrial, hotel and commercial enterprises by about 20 30 […]