Power

Sri Lanka power utility to lose Rs40bn in 2010

June 02, 2010 (LBO) – Sri Lanka’s state-run power utility Ceylon Electricity Board is expected to lose 40 billion rupees (350 million US dollars) …

Sri Lanka to test first coal power plant by Sept: minister

June 01, 2010 (LBO) - Sri Lanka will start testing its first 300 MegaWatt coal power plant in September with plans to connect it to the national distribution …

Sri Lanka tea, apparel exports to India rise sharply

May 25, 2010 (LBO) - Sri Lanka's exports of tea and apparel to India rose sharply in 2009 as impediments in a free trade deal between the two neighbours were …

Sri Lanka Hemas hydro power profits up

May 25, 2010 (LBO) - Sri Lanka’s Hemas Power annual net profit rose six percent to 243.6 million rupees in the year to March 31, 2010 with profit from …

Sri Lanka-India free trade deal helped consumers, producers: economist

May 25, 2010 (LBO) - A free trade deal between India and Sri Lankan has been partially successful in giving a better deal for the island's consumers and …

Sri Lanka exports to India to face unified tax: official

May 25, 2010 (LBO) - Sri Lankan exports to India will soon face only a single unified tax in place of a multitude of state taxes which exporters have …

Sri Lanka Tokyo Cement sets up unit to sell excess power

May 17, 2010 (LBO) - Sri Lanka's Tokyo Cement Company (Lanka) has set up a fully-owned subsidiary to sell excess electricity from a power plant at a cement …

Sri Lanka Vidullanka buys into mini-hydro power firm

May 13, 2010 (LBO) – Sri Lankan private power producer Vidullanka plans to invest 42 million rupees for a stake in another hydropower firm that is to …

Sri Lanka gets Japan funds for power in war-torn north

May 13, 2010 (LBO) - Sri Lanka will re-build a 1. online pharmacy buy diflucan with best prices today in the USA buy valtrex online …

Sri Lanka power sector seen enticing private investors

Apr 19, 2010 (LBO) - More private investment is likely to get attracted to Sri Lanka's power sector given stable and growing demand and improve profitability …

Sri Lanka state power, petroleum utilities could be listed: Central Bank

Apr 13, 2010 (LBO) - Units of Sri Lanka's state petroleum and power utilities could be listed in the Colombo Stock exchange to broad base their ownership and …

Sri Lanka plans $230mn waste energy plant

Apr 07, 2010 (LBO) - A Malaysian-Bahraini joint venture, Orizon Renewable Energy, plans to invest 230 million US dollars in Sri Lanka to set up a power plant …

Sri Lankan hydro power producer starts new plant

Apr 05, 2010 (LBO) - Sri Lankan private power producer Vidullanka PLC commissioned and connected its fourth power plant to the national grid on March 26, the …

Sri Lanka Distilleries makes hydro power move

Mar 30, 2010 (LBO) - Sri Lanka's Distilleries Company, said it was spending 750 million rupees to buy into a 4 MegaWatt hydro power plant in a tea plantation …

Sri Lanka’s first commercial wind energy plant to start

Mar 18, 2010 (LBO) - Senok Wind Power, Sri Lanka's first commercial wind energy plant, will start operating this month in Puttalam in the island's north …

Sri Lanka kicks off second coal plant

Mar 19, 2010 (LBO) - Sri Lanka's president Mahinda Rajapaksa has launched the second stage of a coal power complex built with Chinese financing which will add …

Sri Lanka gets ADB, Japan help to improve electricity services

Feb 17, 2010 (LBO) - The Asian Development Bank (ADB) and Japan will provide support to Sri Lanka to improve its power transmission system and expand rural …

Sri Lanka electricity ˜tariff deficit’ 30-pct: expert

Feb 10, 2010 (LBO) – Sri Lanka’s loss-making state power utility, whose rates have been held below cost by successive governments for political …

Sri Lanka Hemas Power Dec net up 71-pct

Feb 09, 2010 (LBO) – Sri Lanka’s Hemas Power said December quarter net profit rose 71 percent to 142 million rupees from a year ago as thermal …

Sri Lanka to study nuclear power feasibility

Jan 21, 2010 (LBO) – Sri Lanka is seeking Korean help to study the feasibility of starting a nuclear power plant in the island, power and energy ministry …