Category: Power

Jan 27, 2012 (LBO) – Vallibel Power Erathna, a Sri Lankan mini-hydro power firm, said it has begun commercial operations at a new power plant. A stock exchange filing said the 4. 65 mega watt ‘Kiriwaneliya’ mini hydro power project of its subsidiary Country Energy has begun commercial operations. Country Energy, which has approvals for […]

Jan 19, 2012 (LBO) – A 500 mega watt capacity coal plant to be built in eastern Sri Lanka with Indian aid is to get a range of tax exemptions and priority in approvals, the island’s Cabinet of ministers has decided. Recognition of projects under the ‘Strategic Development Project’ law entitles them to a range […]

Jan 19, 2012 (LBO) – Japan’s Marubeni Corporation plans to return to Sri Lanka and is keen on investing in power projects including supplying liquefied natural gas, the Ministry of Industry and Commerce said in a statement. Marubeni is a diversified multinational conglomerate engaged in diversified trading activities like imports and exports of food materials, […]

May 5, 2012 (LBO) – Japan’s Deputy Prime Minister Katsuya Okada, began his second day in Sri Lanka on Saturday touring the island’s last hydro power plant that is being built with Japanese assistance. The underground Upper Kotmale tunnel, is also Sri Lanka’s longest tunnel, with a distance of 12.9 kilometers. The tunnel was finished […]

Dec 29, 2011 (LBO) – Non-conventional renewable energy use has grown sharply this year, accounting for the fastest growth among the different sources of energy in the island, according to latest central bank data. Non-conventional renewable energy mainly consists of hydro- , wind, solar and biomass. Most non-conventional hydro-power in Sri Lanka comes from small […]

Dec 14, 2011 (LBO) – Sri Lanka has identified 14 sites along its coastline to build power plants using energy from ocean waves as part of a move to shift to renewable energy sources and reduce reliance on costly fossil fuel. The island’s energy deficit is increasing as rapid economic growth generates higher demand for […]

Dec 13, 2011 (LBO) – Sri Lanka’s Trincomalee Power Company, a joint venture between state-run Ceylon Electricity Board and India’s NTPC Ltd, has approached banks for a 385 million US dollar loan, a media report said. Bloomberg newswires, citing an undisclosed source said the 550 million US dollar plant would be financed with 406 million […]

Nov 29, 2011 (LBO) – A 300 MegaWatt power plant in Sri Lanka was shut down following a fire at a coal crushing plant but is expected to be re-connected to the grid by noon, an official said. A power ministry spokesman said there was no disruption to supply as it happened in the early […]

Nov 18, 2011 (LBO) – Sri Lanka’s state-run Ceylon Electricity Board will light up 268 villages in the former war zones in the island’s East with Chinese funding, a senior minister said. The expansion will cover villages in Batticaloa and Trincomalee which emerged from a 30 year war. The project will have a domestic finance […]

Oct 24, 2011 (LBO) – Sri Lanka’s power utility has lost 167 million rupees a day in August amid dry weather and power sector faces bankruptcy unless tariffs are adjusted, power minister Champika Ranawaka has said. The daily numbers points to a monthly loss of about five billion rupees. Sri Lanka has two state run […]

Oct 19, 2011 (LBO) – Average prices paid in Sri Lanka to renewable energy firms in wind, mini-hydro and biomass are among the highest in the world, an analysis by an industry expert has shown. Wind power plants in Sri Lanka are paid an average of 19. 97 rupees a kiloWatt hour compared to the […]

Oct 15, 2011 (LBO) – Sri Lanka’s power tariffs are no longer the highest in the region for manufacturing, though it was most expensive for larger households, even topping Singapore, an analyst has said. Exorbitant prices were also paid by some service sector customers. “We are the highest in the region for household using lots […]