Category: Power

Nov 26, 2010 (LBO) – India is giving Sri Lanka a 200 million US dollar soft loan to help its cash-strapped power utility proceed with a joint venture 500 MegaWatt power plant on island’s east coast, a statement said. India is also offering financial support for the equity contribution of the Ceylon Electricity Board (CEB) […]

Nov 25, 2010 (LBO) – Hydro Power Free Lanka (HPFL) shares began trading on the Colombo bourse at 15.50 rupees, a gain of 55 percent over its initial offer price of 10 rupees, a statement said. The share’s highest price for the day 16 rupees and the lowest 15 with a total volume of 22,208,800 […]

Nov 22, 2010 (LBO) – Sri Lanka will raise electricity tariffs by eight percent on general users who consume over 90 units a month in January 2011, President Mahinda Rajapaksa told parliament. The present tariff rate will continue for small businesses, he said during the 2011 budget speech. The government will reduce the tariff by […]

Nov 17, 2010 (LBO) – Sri Lanka has successfully test fired a furnace of a 300 Mega Watt Chinese-built coal plant using liquid fuel Wednesday, in the island’s Western coastal area of Norochcholai. The first 300 MW stage is part of a 900MW coal fired complex. A ship carrying a 40,000 tonnes of coal from […]

Nov 17, 2010 (LBO) – Sri Lanka’s first coal plant will push the island’s carbon emissions by 46 kilograms per person next year, but electricity generation costs will come down sharply, power minister Champika Ranawaka said. The coal plant will increase per capital carbon emissions by 46 kilograms to 700 kilograms a year,” Ranawaka said […]

Nov 13, 2010 (LBO) – Sri Lanka is considering OTEC, or ocean thermal energy conversion, in the eastern deep-water harbour of Trincomalee as part of a renewable energy drive, Minister of Power and Energy Champika Ranawaka said. Trincomalee, a natural harbour with a deep trench, has long been considered a potential site for OTEC but […]

Nov 10, 2010 (LBO) – Sri Lanka’s Hemas Holdings plans to build a hydro power plant in an African country, making use of existing company expertise, as part of an overseas diversification, its chief executive Husein Esufally said. The group’s Hemas Power subsidiary has two mini hydro plants operating right now with a third under […]

Nov 08, 2010 (LBO) – Higher electricity generation from both thermal and hydro power plants helped Sri Lanka’s Hemas Power make a net profit of 124 million rupees in the September 2010 quarter, a stock exchange filing said. The company had made a loss of 3. 5 million rupees in the same period a year […]

Nov 07, 2010 (LBO) – Sri Lanka is building more mini-hydro and wind power plants but needs more technology transfer to ensure better use of renewable energy, officials said. Energy produced from wind and solar plants varies depending on the availability of wind and sunlight and hence cannot be used as base load power. “There […]

Nov 02, 2010 (LBO) – Sri Lanka’s Hydro Power Free Lanka Ltd said its 350 million rupee initial public offering has been oversubscribed 57 times with applications worth 19. 97 billion rupees flooding in. Hydro Power Free Lankan offered 32 percent of the firm of 35 million shares. The issue’s managers, Taprobane Holdings Ltd, said […]

Oct 25, 2010 LBO) – A planned testing of Sri lanka’s first coal-fired power plant will go ahead as scheduled on November 17, despite a fire which broke out over the weekend, power minister Champika Ranawaka said. Potential fire damage to Norochcholai plant on the west coast is still being assessed by the government analyst, […]

Oct 24, 2010 (LBO) – A fire has broken out at Sri Lanka’s first coal burning power plant in Sri Lanka Western coastal town of Norochcholai which was scheduled to start test operations next month, but it is being brought under control, a top official said. Chairman of state-run Ceylon Electricity Board, Vidya Amarapala said […]