Category: Power
PUCSL Announces 15-pct Overall Electricity Tariff Increase Effective Tonight
The Public Utilities Commission of Sri Lanka (PUCSL) announced today a 15% increase in electricity tariffs, effective from June 12, 2025. This decision follows a comprehensive review of utility bills and public feedback submitted by the Ceylon Electricity Board for the June to September 2025 period. Despite this immediate increase, the PUCSL emphasizes that the […]
Sri Lanka targets energy security via Mullikulam & Hayleys Fentons, unlocking Mannar wind power: Minister
Sri Lanka’s Energy Minister, Engineer Kumara Jayakody, reaffirmed the government’s commitment to fully harness the wind power generation potential of the Mannar region, aiming to overcome the nation’s energy challenges through strategic investment and the adoption of new technologies. The Minister’s statement came during a comprehensive visit to proposed and operational wind power plant sites […]
‘s controversial wind power project
The NPP Government has cancelled Ranil Wickremesinghe’s cabinet decision to award the Mannar and Pooneryn wind power projects to Adani Green Energy at a price 70% higher than the market rate. Rohan Pethiyagoda reviews AKD’s reasoning for the cancellation, showing how the president kept his promise to scrap the deal which he himself questioned repeatedly […]
Sri Lanka Slashes Electricity Tariffs by 20-pct Effective Midnight
The Public Utilities Commission of Sri Lanka (PUCSL) has announced a reduction in electricity tariffs by 20%, effective from midnight today, for the first six months of 2025. This decision follows a series of public consultations and counter-proposals from the Ceylon Electricity Board (CEB). However, the Ceylon Electricity Board has announced that the revised electricity […]
Asian Development Bank extends USD 150 mn line of credit to CEB
Asian Development Bank (ADB) and Ceylon Electricity Board (CEB) signed an agreement on 19th December 2024, for ADB to provide a loan of $150 million to CEB. After rigorous due diligence by ADB on technical, economic and social merits of CEB’s upcoming investment proposals, ADB approved the loan package in November 2024. Through these funds, […]
EnerG Sustainables to host training on solar integration and AI-driven energy management
EnerG Sustainables, the renewable energy and energy management consultation across the GCC and beyond, is announcing an intensive two-day training program on ‘Innovative Energy Strategies for Commercial & Industrial Businesses: Integrating Solar and AI-Driven Energy Management Solutions.’ This exclusive event will take place at the iconic Galle Face Hotel in Colombo on December 10th-11th, 2024. […]
Fitch Affirms Ceylon Electricity Board at BB+(lka); Outlook Stable
Fitch Ratings has affirmed Ceylon Electricity Board’s (CEB) National Long-Term Rating at ‘BB+(lka)’. The Outlook is Stable. Fitch also affirmed the National Long-Term Rating of CEB’s outstanding senior unsecured debentures at ‘BB+(lka)’. CEB’s ratings are equalised with the Sri Lankan sovereign rating (Long-Term LocalCurrency Issuer Default Rating CCC-) under Fitch’s Government-Related Entities (GRE) Rating Criteria. […]
Sri Lanka to scrutinize wind energy procurement practices post-elections, including Adani project
Cabinet Spokesman Minister Vijitha Herath says that the Sri Lankan government will review wind energy procurement practices including the project by India’s Adani Group after the upcoming parliamentary elections. Herath noted concerns raised by the Public Utilities Commission of Sri Lanka (PUCSL), the Ceylon Electricity Board Engineers Union (CEBEU), and the Court, which will be […]
EnerGulf: Leading the charge in sustainable energy
The solar energy landscape is evolving, driven by technological advancements, increasing environmental concerns, and the urgent need for sustainable energy solutions. As the sector continues to expand, the role of strong, visionary leadership becomes paramount in guiding companies towards success. Effective leadership is essential for navigating complex challenges, fostering innovation, and ensuring the successful implementation […]
JICA pledges further technical assistance to Power Sector Reforms
Sri Lanka is on a mission to revamp its state-owned enterprises, including the Ceylon Electricity Board (CEB) under the IMF Program, while the country is fully committed to achieving the Government of Sri Lanka’s target of seventy percent share of renewable energy in power generation by 2030. Japan International Cooperation Agency (JICA) has been supporting […]
LTL Holdings, Sri Lanka’s leading power conglomerate unveils IPO and plans CSE debut
LTL Holdings Limited (LTL / the Company), Sri Lanka’s leading fully integrated power sector conglomerate with a 40-year track record, announced plans to launch an Initial Public Offering (IPO) and be listed on the Colombo Stock Exchange (CSE), making this the largest IPO to take place on the CSE. The IPO is an offer for […]
Sri Lanka’s First Natural Gas Power Plant Launched by President
President Ranil Wickremesinghe emphasized that the renewable energy sector should become the primary driver of economic growth in Sri Lanka over the next decade, similar to how the garment industry was developed as a key economic sector by the government in 1977. The President highlighted that the government has a strategic plan to transform Sri […]