Category: Power

May 25, 2010 (LBO) – A free trade deal between India and Sri Lankan has been partially successful in giving a better deal for the island’s consumers and industrialists with access to cheaper imported products and supplies, an economist said. Some of the cheapest and good quality products were available from India such as pharmaceuticals, […]

May 25, 2010 (LBO) – Sri Lankan exports to India will soon face only a single unified tax in place of a multitude of state taxes which exporters have complained act as barriers to trade, according to remarks by an Indian diplomat. “Let me state first of all that we are not a perfect country. […]

May 25, 2010 (LBO) – Sri Lanka’s exports of tea and apparel to India rose sharply in 2009 as impediments in a free trade deal between the two neighbours were removed, an Indian diplomat said. “Most of the implementation issues that have created this so-called perception about the FTA have been resolved and others pertaining […]

May 17, 2010 (LBO) – Sri Lanka’s Tokyo Cement Company (Lanka) has set up a fully-owned subsidiary to sell excess electricity from a power plant at a cement factory to the island’s national grid. The company said in a stock exchange filing the subsidiary, Tokyo Cement Power (Lanka), will start commercial operations after getting the […]

May 13, 2010 (LBO) – Sri Lankan private power producer Vidullanka plans to invest 42 million rupees for a stake in another hydropower firm that is to build a mini-hydro plant in the island’s south, a stock exchange filing said. Vidullanka will get a 26 percent stake in Nilwala Vidulibala Company for the investment. Nilwala […]

May 13, 2010 (LBO) – Sri Lanka will re-build a 1. 2 MegaWatt power station in the former separatist stronghold of Kilinochchi in northern Sri Lanka with loan of 3. 0 billion rupees from Japan, a government minister said. Sri Lanka’s state-run national grid operator, Ceylon Electricity Board, supplies power to the Jaffna peninsular, north […]

Apr 19, 2010 (LBO) – More private investment is likely to get attracted to Sri Lanka’s power sector given stable and growing demand and improve profitability especially among hydro-power producers, a ratings agency report said. However, investments will be restricted to small power plants of less than 25 megawatts capacity as a new electricity law […]

Apr 13, 2010 (LBO) – Units of Sri Lanka’s state petroleum and power utilities could be listed in the Colombo Stock exchange to broad base their ownership and make them more transparent and accountable, the Central Bank has said. Last year the state-run Ceylon Petroleum Corporation had lost 12. 3 billion rupees partly due to […]

Apr 07, 2010 (LBO) – A Malaysian-Bahraini joint venture, Orizon Renewable Energy, plans to invest 230 million US dollars in Sri Lanka to set up a power plant that will generate energy from solid waste, the investment promotion agency said. “It also will ensure that no more lands are allocated to landfills.” A M C […]

Apr 05, 2010 (LBO) – Sri Lankan private power producer Vidullanka PLC commissioned and connected its fourth power plant to the national grid on March 26, the company said in a stock exchange filing. The plant is owned by Gurugoda Hydro, a joint venture between Vidullanka and Hiradamani Pvt Ltd. It was built by Vidul […]

Mar 30, 2010 (LBO) – Sri Lanka’s Distilleries Company, said it was spending 750 million rupees to buy into a 4 MegaWatt hydro power plant in a tea plantation which is an associate firm in its group. Distilleries is part of the Stassen’s group controlled by businessmen Harry Jayewardene. Bogo Power Pvt Ltd, will be […]

Mar 18, 2010 (LBO) – Senok Wind Power, Sri Lanka’s first commercial wind energy plant, will start operating this month in Puttalam in the island’s north western coast using a 10 MegaWatt plant, officials said. “This pioneering effort set from Senok has set the pace for attracting private sector investment for further development of wind […]