Category: Power

July 03, 2010 (LBO) – Sri Lanka’s state-run power utility the Ceylon Electricity Board has begun raids on homes and businesses illegally tapping power from its grid, the power and energy ministry said in a statement. The ministry statement said the CEB earned Rs14mn through fines and arrears from power pirates after the raids in […]

July 02, 2010 (LBO) – The Sri Lankan government is to have energy audits for all state organisations in an efforts to save electricity and minimise wastage, a senior official said. Kithsiri Dissanaike, chairman of the Sustainable Energy Authority, said an awareness campaign for school children as well as industries is also being done to […]

July 01, 2010 (LBO) – Sri Lanka’s state-run electricity utility will form a separate company to set up wind power plants, Minister of Power and Energy Patali Champika Ranawaka said. New coal-based power plants are being built or planned along with a few more hydro-power plants as most hydro-power potential has been exhausted. There is […]

June 17, 2010 (LBO) – Sri Lanka’s power generation in the first quarter of 2010 has increased 9. 2 percent from a year earlier, with a larger proportion coming from cheaper hydro power amid exceptionally wet weather, official data showed. Private sector operators generated 1,105GWh, down 7.1 percent. Short term or emergency producers operating mainly […]

June 14, 2010 (LBO) – Sri Lanka’s Hemas Power is building another hydropower plant, raising generation capacity to 24 Giga Watt hours (millions of units) of energy a year from hydro plants which it plans to expand in preference to fossil-fuel power. Hemas also has a joint-venture company called Heladhanavi which generates thermal power and […]

June 12, 2010 (LBO) – Sri Lanka has warned private power producers that it could go against deals signed to sell power to a state-run power distributor with the government getting into a new drive to cut the utilities losses. Though the plants are governed by tight and complex agreements minister Ranawaka says the government […]

June 10, 2010 (LBO) – Sri Lanka state-run Ceylon Electricity Board is devising new tariffs with low off peak rates and penal peak rates to smoothen the daily peak load and push some industrial activities to low demand hours, officials said. At the moment industries get subsidized tariffs, while commercial and large households pay higher […]

June 07, 2010 (LBO) – Sri Lanka’s Hemas Power, a unit of listed Hemas Holdings said it would raise 135 million rupees by selling 11. 5 percent, 5-year preference shares to settle higher cost floating rate debt at a hydro power unit. The firm said the money would be used to settle higher costs loans […]

June 03, 2010 (LBO) – Sri Lanka is to light up the entire island by expanding the national distribution network at a cost of 250 million US dollars over the next two years and providing off-grid solutions to the remotest areas, officials said. The CEB had lined up about 250 million US dollars in local […]

June 02, 2010 (LBO) – Sri Lanka’s state-run power utility Ceylon Electricity Board is expected to lose 40 billion rupees (350 million US dollars) in 2010 and short term debt is mounting but there are plans to turn the utility around, officials said. The CEB is expected to earn 120 billion rupees as revenue in […]

June 01, 2010 (LBO) – Sri Lanka will start testing its first 300 MegaWatt coal power plant in September with plans to connect it to the national distribution grid by January 2011, power minister Patali Ranawaka said. Coal is expected to reduce the costs of power generation. The CEB is expecting to lose about 40 […]

May 25, 2010 (LBO) – Sri Lanka’s Hemas Power annual net profit rose six percent to 243.6 million rupees in the year to March 31, 2010 with profit from hydro plants rising and that from thermal power falling, a stock filing said. Annual sales of the firm, which supplies power to state-run Ceylon Electricity Board, […]