Category: Power

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 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 […]

Nov 06, 2012 (LBO) – Storage at Sri Lanka’s reservoirs have risen to 58 percent of capacity or enough to generate 738 million units of electricity during the first week of November from 22 percent a month earlier, official data shows. On November 04, state-run Ceylon Electricity Board generated 61.4 percent of the daily energy […]

Nov 05, 2012 (LBO) – Sri Lanka’s state-run Ceylon Electricity Board has started to purchase electricity from a community hydro power plant after the village was supplied with grid power, the island’s power ministry said. The 18kiloWatt plant, located in Kaduruwandola, Athuraliya in Sri Lanka’s Ratnapura district will generate 15,000 units (kiloWatt hours) of energy […]

Nov 02, 2012 (LBO) – Sri Lanka’s state-run Ceylon Electricity Board has upped hydro power generation and stored more water as cyclonic rains lashed the island, while irrigation tanks in several areas were also filling up, data from state agencies show. Data on the CEB website (www.ceb.lk) shows that daily hydro power generation had risen […]

Oct 17, 2012 (LBO) – Sri Lanka will use between 650,000 to 700,000 metric tonnes of coal a year for its first 300 MegaWatt coal power plant when it is in full operation, power minister Champika Ranawaka has said. The firm had supplied 362,682 tonnes in the period. Jayasekera then said Holcim’s bid was higher […]