Category: Power

Dec 04, 2010 (LBO) – Sri Lanka’s Victoria reservoir in the Mahaweli river started to spill Saturday for the first time since 2006 amid heavy rains lashing the island, raising the possibility that downstream reservoirs may also spill. Water then flows to Randenigala lower in the cascade. The reservoir is about three meters below. It […]

Dec 03, 2010 (LBO) – Sri Lanka’s new tariffs for renewable energy show that dendro (wood) would be more expensive than wind and municipal waste heat would be paid the highest tariff, displacing wind as the most expensive source. New tariffs released by the Public Utilities Commission in November 2010 say that municipal waste fired […]

Dec 03, 2010 (LBO) – Sri Lanka’s power regulator has called for public responses on proposed new tariffs for next year, which indicate steep rises for some domestic users and low prices for industry and government offices and a new green tariff. Sri Lanka governments own energy policy has an objective to cut widely discriminatory […]

Dec 02, 2010 (LBO) – A large reservoir in Sri Lanka’s central hills which is also used for power generation is near spill level as the island experienced heavy rainfall causing floods and landslides elsewhere. The Victoria reservoir in Sri Lanka’s Kandy district is one meter below spill level with heavy inflows continuing, an official […]

Dec 01, 2010 (LBO) – Sri Lanka’s irrigation ministry is planning to restrict future hydro power development on small river systems in the country in a bid to address environmental concerns, a media report said. Most of the best locations involving high rainfall and low capital costs have already been developed. Mini-hydro are cheaper than […]

Nov 30, 2010 (LBO) – Panasian Power Limited, a unit of Malaysian based Majulia group is selling 200 million shares to raise 600 million rupees in an initial public offering which will open on December 07, officials said. Majulia owns the firm through its energy unit, Power Hub International (PHI). Panasian Power owns a 2.0 […]

Nov 28, 2010 (LBO) – Sri Lanka was hit by cascading outage Sunday afternoon after a key transmission line tripped out of the national grid, but officials at the state-run power utility said electricity was restored before nightfall. Power failed in most part of the island after a transmission lines from the Kotmale and Victoria […]

Nov 26, 2010 (LBO) – Hemas Holdings group expects Sri Lanka’s government to honour power purchase agreements with investors who set up private power plants and helped ward off power cuts despite talk of renegotiating them, a senior official said. Hemas chief executive Husein Esufally said private power suppliers had not been officially informed the […]

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 […]