Category: Power

July 05, 2011 (LBO) – Sri Lanka has appealed to the public to reduce consumption during peak hours, saying hydro-power reservoirs were running dry and several thermal plants had broken down but no power cuts will be imposed. The power ministry said in a statement no power cuts will be imposed despite reports of unofficial […]

June 20, 2011 (LBO) – Sri Lanka has signed a deal with the Asian Development Bank (ADB) to get financial aid worth 120 million US dollars part of which will go to private power firms and hydro schemes on plantations. “The project will contribute to a reliable, adequate and affordable power supply for balanced and […]

June 16, 2011 (LBO) – Sri Lanka’s Pawan Danavi (Pvt) Ltd, a unit LTL Holdings a power generating group will buy turbines from Gamesa Wind Turbines, the Indian arm of Spain’s Gamesa Corp Tecnologica, reports said. Pawan Danavi plant will run a wind farm with a capacity of 10. 2 MegaWatts with will have 12 […]

June 14, 2011 (LBO) – Sri Lanka’s Panasian Power said it had signed a deal to buy a mini hydro firm that had 6. 5 MegaWatts of capacity under development, at valuation to be decided later. The firm had signed a memorandum of understanding with Padiyapelella Hydro Power (Pvt) Ltd to buy the firm at […]

June 09, 2011 (LBO) – The International Finance Corporation, part of the World Bank group, is investing 3.8 million US dollars in Sri Lanka’s SENOK group to support its wind power projects. “IFC’s investment will help develop SENOK’s capacity in renewable energy and support the company’s plans to adopt global environmental and social practices,” a […]

June 09, 2011 (LBO) – The Malaysian controlling shareholder of Sri Lankan mini hydro firm Panasian Power reduced its control with the sale of a large stake in trades which boosted market turnover on the Colombo bourse Thursday. Power Hub International Sdn Bhd sold 68, 325,100 shares of Panasian Power in three lots at eight […]

June 6, 2011 (LBO) – Emagewize (Pvt) Ltd, has bought 77 million shares in Panasian Power, a mini hydro firm for 6. 00 rupees a share, director Dilith Jayaweera said, in a deal valued at 460 million rupees. Emagewize has recently bought into Colombo Land, the owners of a shopping complex. It also controls Citrus […]

May 23, 2011 (LBO) – Sri Lanka’s listed Hayleys group said a wind power plant it is building in the island’s north western coastal town of Kalpitiya will begin commercial operations in September 2011. The 10 MegaWatt wind plant is run by its unit Nirmalapura Wind Power (Private) Ltd. The Kalpitiya peninsula has another wind […]

May 10, 2011 (LBO) – Vallibel Power Erathna, a Sri Lankan mini-hydro power firm, said March 2011 quarter net profit rose 57 percent to 44. 6 million rupees from a year ago. Annual sales rose 22 percent to 534 million rupees while basic earnings per share for the year were 56 cents compared with 55 […]

May 06, 2011 (LBO) – Sri Lanka is to provide solar power for the 10 percent of homes that cannot be reached by extending the national electricity grid in its bid to ensure 100 percent electrification by 2012. The Cabinet of ministers has approved a proposal by the power and energy ministerPatali Ranawaka to introduce […]

Apr 25, 2011 (LBO) – Sri Lanka’s Property Development, a subsidiary of the state-owned Bank of Ceylon, has acquired hydro-power company for 23. 6 million rupees. The acquisition of a 95 percent stake in Koladeniya Hydropower was revealed in the company’s financial results for the March 2011 quarter filed with the Colombo stock exchange. Property […]

SENDAI, March 31, 2011 (AFP) – Japan said Thursday its crisis-hit nuclear plant must be scrapped, but currently had no plans to evacuate more people, despite calls for a larger exclusion zone around the crippled facility. “At the moment, we do not have the understanding that it is necessary to evacuate residents there. We think […]