Solar Alliance will create a greener, cleaner, healthy world: President
Mar 12, 2018 (LBO) – Sri Lanka’s President Maithripala Sirisena expressed confidence that the International Solar Alliance (ISA) would showcase the …
Power
Laugfs Gas restructures to create opportunities for investors and foster growth
Mar 07, 2018 (LBO) – Sri Lanka’s a Laugfs Gas PLC announced a strategic restructuring to consolidate dominance in energy operations and create …
Sri Lanka to establish accepted professional status for electricians
Mar 05, 2018 (LBO) – Sri Lanka’s power regulator said it will establish an accepted professional status for electricians in the country through …
Cabinet approves proposal to conduct feasibility for India, Japan aided LNG terminal
Feb 28, 2018 (LBO) – Sri Lanka’s cabinet on Tuesday approved a proposal to conduct a feasibility study for the proposed Liquefied Natural Gas (LNG) …
Innovative Smart Solutions to revive electronic manufacturing in Sri Lanka
Feb 16, 2018 (LBO) – Innovative Smart Solutions (Pvt) Limited (iS2) launched their ‘SmartHome’ product line under the brand name Ape with the …
Sri Lanka signs the Framework Agreement on International Solar Alliance
Feb 02, 2018(LBO) – The High Commissioner for Sri Lanka in India, Chitranganee Wagiswara signed the Framework Agreement of the International Solar …
Sri Lanka to build 400MW power plant in Hambantota
Dec 07, 2017 (LBO) – Sri Lanka’s government has given the cabinet nod for the establishment of a 400 MW natural gas power plant in Hambantota, a …
LVL Energy Fund to announce Rs1.2bn IPO; largest since 2015
Dec 04, 2017 (LBO) – A leading energy company and a subsidiary of Lanka Ventures, the LVL Energy Fund is set to announce a 1.2 billion rupees initial public …
Sri Lanka incurs Rs. 50.6Bn loss due to delay in implementing planned power plants: PUCSL
Nov 20, 2017 (LBO) – The Public Utilities Commission of Sri Lanka (PUCSL) says that it has estimated a financial loss of 50.6 billion rupees due to the …
Norochcholai power plant to purchase coal under spot tender
Nov 08, 2017 (LBO) – Sri Lanka’s cabinet has granted approval to purchase 300,000 metric tons of coal for the Norochcholai power plant under a spot tender …
Biomass Energy Terminal to be inaugurated in Homagama
Nov 08, 2017 (LBO) – Sri Lanka’s Power Ministry in collaboration with Ecotherm Energy Solutions Private Limited will be establishing a Biomass Energy …
I will never allow substandard oil to unload: Petroleum Minister
Nov 07, 2017 (LBO) – Petroleum Minister Arjuna Ranatunga told Parliament Tuesday that he will never allow substandard oil tanker to unload in Sri Lanka. …
Sri Lanka and Qatar to sign MoU’s on Energy, diplomatic training and Water Management
Oct 23, 2017 (LBO) – The Government will ink agreements in the fields of energy, water supply and waste management and diplomatic training and …
Cabinet approves setting up 150 small scale solar power plants
Oct 19, 2017 (LBO) – Sri Lanka’s cabinet nod has been received to implement the second stage of the Suryabala Sangramaya Programme with the establishment …
Fitch publishes Ceylon Electricity Board’s AAA rating with stable outlook
Fitch Ratings Lanka has published Sri Lanka-based Ceylon Electricity Board’s (CEB) National Long-Term Rating of ‘AAA(lka)’ with a Stable …
Govt. may not implement power pricing formula in near-term
Oct 16, 2017 (LBO) – Sri Lanka’s state-owned Ceylon Electricity Board (CEB) may not implement the pricing formula in the near-term, given the political and …
Sri Lanka’s Pan Asia Bank secures USD33Mn for green lending business
Oct 11, 2017 (LBO) – Sri Lanka’s Pan Asia Banking Corporation (PABC) has secured a US 33 million dollar funding arrangement with the Global Climate …
Sri Lanka to purchase 100MW of emergency power for 6 months
Oct 04, 2017 (LBO) – Sri Lanka’s cabinet has approved a proposal to procure 100MW of electricity from private power producers for a period of 6 months with …
Sri Lanka’s long awaited LNG discovery to come into operation by 2021
Oct 03, 2017 (LBO) – Sri Lanka plans to commercialize the natural gas discoveries in one of the gas blocks in the Mannar Basin by 2021, Petroleum …
PUCSL warns of shortcomings in Sri Lanka’s power supply : Report
Sept 20, 2017 (LBO) – Public Utilities Commission of Sri Lanka (PUCSL), the island’s power regulator has warned of serious consequences to be …