Category: Power

Feb 05, 2013 (LBO) – Sri Lanka’s hydro power generation has doubled in November 2012 on improving rains allowing the utility to cut thermal generation by 25 percent, while demand remained flat, official data shows. Sri Lanka has generated 959 million units of electricity (GigaWatt hours) in November 2012 barely changed from 958 GWh a […]

Jan 24, 2013 (LBO) – Sri Lanka’s power regulator has kicked off a process to revise tariffs saying it has received cost estimates from the main state-run transmission and distribution licensee. Regular energy price revisions based on a rule of law allows the exchange rate to strong and inflation low. A depreciating exchange rate destroys […]

Jan 21, 2013 (LBO) – Sri Lanka needs a cost based price formula for electricity and petroleum, power minister Patali Ranawaka has said.The rupee fell from 110 to 134 to the US dollar during the crisis. There was a steep energy price hike in February 2012 and the rupee has since strengthened to 126.50 to […]

Jan 17, 2013 (LBO) – Sri Lanka’s National Development Bank said it will use a 1.29 million US dollar credit line from the Asian Development Bank to re-start 19 micro hydro projects in tea and rubber plantations.NDB said it had entered into a partnership with Sri Lanka’s Sustainable Energy Authority and the government to participate […]

Jan 17, 2013 (LBO) – Japan will provide 15.9 billion yen (23.91 billion rupees) loan to upgrade the power grid around Sri Lanka’s capital Colombo, information minister Keheliya Rambukwelle said.The Japan International Corporation will give 40 year loan at 0.3 percent with a 10 year grace period. The funds will be used to strengthen the […]

Jan 16, 2013 (LBO) – Sri Lanka’s DSI Holdings group, which has interests in footwear and rubber products, is investing 350 million rupees in a two Mega Watt mini-hydro plant, Fitch Ratings said.Earlier reports said that the total cost of the plant built by Werapitiya Hydro Power (Pvt) Ltd would be around 450 million rupees […]

Dec 02, 2012 (LBO) – Profits at Sri Lanka’s Mackwoods Energy, a hydropower company fell 24 percent in the six months ending September 2012, with flat revenues and higher operating expenses, interim accounts showed. Profits fell despite 20 million rupees in other income. The firm has 252 million rupees in short term investments. The firm […]

Nov 30, 2012 (LBO) – Sri Lanka’s electricity generation fell in absolute terms by 1. 5 percent to 971 GigaWatt hours (millions of units) in September 2012 from a year earlier, declining two months in a row, pointing to a slowing economy. Last year Sri Lanka’s economy was given an unexpected boost by nearly 200 […]

Nov 26, 2012 (LBO) – By the end of 2012 94 percent of Sri Lanka’s population will have access to electricity including improvements to the grid in war-torn areas in the island’s north, the power ministry said. In 2012, 227,913 new customers had been connected. Off-grid power was provided to 40,000 households. The distribution network […]

Nov 23, 2012 (LBO) – Storage at Sri Lanka hydro power generating reservoirs has begun to fall this week after climbing steadily during unusually heavy inter-monsoonal rain, data from the state run power utility shows. Industry experts say the long run average for inflows is about 14GWh a day during November and about 10 during […]

Nov 15, 2012 (LBO) – Sri Lanka’s Aitken Spence group, which has interests in tourism, logistics and power generation said it will build two oil fired power plants totaling 200 MegaWatts in Bangladesh. In Sri Lanka the firm said it had connected a wind and hydro plant to the national grid. Earlier the group had […]

Nov 09, 2012 (LBO) – Sri Lanka has cut taxes on renewable energy equipment and given accelerated depreciation allowances for renewable energy investments and given tax holiday for wood based energy crops. Industries investing in renewable energy which will cover up to 30 percent of their needs would be given lump sum depreciation for tax […]