Category: Power

Dec 30, 2010 (LBO) – Hydro Power Free Lanka (HPFL) has entered into agreements with Sri Lanka’s state power utility and investment promotion agency to sell power and get tax concessions, according to a stock exchange filing. Its subsidiaries, Hydro Power Free Lanka 2 and Hydro Power Free Lanka 3, have begun building two min-hydro […]

Dec 16, 2010 (LBO) – Sri Lanka’s industries and hotels will face sharply higher power costs of around 25 to 100 percent under new tariffs proposed for 2011, industry representatives told a public hearing called by the regulator. Sri Lanka’s industry has been getting subsidized power, though most of the subsidies went to domestic users […]

Dec 15, 2010 (LBO) – Sri Lanka has further cut tariffs to places of worship in proposed new rates for 2010 to protect Buddhism, which was an obligation of the state, power ministry secretary M M Ferdinando said. Under proposed tariffs for 2011 the lowest tariffs for religious establishments would go down from 2. 50 […]

Dec 15, 2010 (LBO) – Sri Lanka’s state run Ceylon Electricity Board has turned a small profit in the three months from June to August helped by heavy rainfall, which has allowed the utility to maximize hydro generation, according to power ministry data. The utility has made profits of 772 million rupees in the three […]

Dec 15, 2010 (LBO) – Sri Lanka’s power ministry has defended new subsidies to state entities in tariffs proposed by the regulator for 2010 and rejected concerns that the move increased the opacity of government fiscal operations. The ministry says offices such as government agents give essential services to the public and cannot afford the […]

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 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 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 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 […]