Category: Power
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 […]
Solar PV Projects needs an Owner’s Engineer – says EnerGulf
As the solar energy sector experiences rapid expansion, the demand for precision, expertise, and quality assurance has become increasingly critical. EnerGulf, a pioneering renewable energy and energy management consulting firm, emphasizes the importance of involving an Owner’s Engineer (OE) in large-scale solar PV projects, highlighting that having a solar consultant is not just beneficial but […]
ADB approves USD100Mn policy-based loan support for power sector reforms in Sri Lanka
The Asian Development Bank (ADB) and the Government of Sri Lanka signed a loan agreement for US$100 million on Monday (5 August 2024) for subprogram 1 of a policy-based loan (PBL) to support and facilitate reforms aimed at enhancing the financial sustainability of the power sector in Sri Lanka. This loan is part of a broader […]
Lower Generation Costs Support CEB’s Tariff Cut; No Immediate Risk to IPP Payments: Fitch Ratings
Ceylon Electricity Board’s (CEB, BB+(lka)/Stable) cash flow will stay adequate to service debt despite a 22.5% tariff cut from 16 July 2024, Fitch Ratings says. The agency does not expect the latest cut to affect the Sri Lankan electricity distributor’s payments to independent power producers (IPPs). Lower tariffs are supported by falling generation costs from […]
The Ceylon Chamber Welcomes New Electricity Bill
In a landmark decision, the Parliament of Sri Lanka has approved the long-awaited Electricity Bill, marking a significant milestone in public sector reform. The Ceylon Chamber of Commerce, which has been advocating for this change for the past few years, warmly welcomes the decision, hailing it as a courageous and transformative step forward for the […]
TISL Demands Transparency in Adani Wind Power Project: Files Right to Information Applications
Transparency International Sri Lanka (TISL) has filed a series of Right to Information (RTI) requests with public authorities seeking crucial information regarding the transparency, legality, evaluation process, pricing, government involvement, and the Environmental Impact Assessment (EIA) related to the Wind Power Project in Mannar and Pooneryn, involving India’s Adani Group. Earlier this year, Adani Green […]
Backbay Solar and Orbital Energy commissions 2-megawatt capacity solar plants in East
Backbay Solar (private) Limited commissioned 2-megawatt ground-mounted solar power plants in Kommathurai Batticaloa on Sunday 10th March 2024, which are a part of the 1X90 SBS II solar tender under the Ceylon Electricity Board. Backbay Solar is managed by Sino Lanka Power Gen, a leader in commercial rooftop solar installations with approximately 50MW of projects […]
Electricity Tariff will be reduced by 21.9-pct from midnight today: PUCSL
The Public Utilities Commission of Sri Lanka (PUCSL) has approved the revision of electricity tariffs with effect from midnight today. The overall tariff reduction is 21.9 percent. The Final decision was reached after studying and reviewed the proposals and cost data submitted by the Ceylon Electricity Board (CEB) in this tariff revision, in accordance with […]
Power Purchase Agreement for 100 MW Ground Mount Solar Power Project in Siyambalanduwa
A power purchase agreement for the 100 MW Ground Mount Solar power project in Siyambalanduwa was signed by Rividhanavi (Pvt) Limited with CEB today. The project was advertised by the CEB for a competitive bidding process in September 2022, evaluated in 2023, and was awarded to the lowest & successful bidder at the end of […]
‘s Solar Scheme Adds 630 Million Units in 2023
The Ceylon Electricity Board (CEB) implemented the Rooftop Solar Scheme, which resulted in an addition of 630 million units of electricity to the national grid in 2023. This initiative has been supported by electricity consumers across the country. Notably, these consumers have transitioned from traditional electricity users to generating and selling electricity to the national […]