Category: Power

Jan 15, 2010 (LBO) – Sri Lanka’s power generation rose 3.9 percent in August 2009 to 856 GigaWatt hours from a year earlier, with hydro power increasing its share, and diesel sales were also up the latest official data showed. Sri Lanka’s power generation contracted in the first half of the year in line with […]

Jan 04, 2010 (LBO) – Sri Lanka’s Hemas Power said it has bought a 2.6 megawatt (MW) hydro-power plant in the Nuwara Eliya district in the central hills from Senok Mark Hydro for 198.5 million rupees. In September 2009, Hemas Holdings floated its power generation business to build a 2.4 MW mini hydro plant in […]

Dec 22, 2009 (LBO) – Private power producer Vidullanka PLC has been given a short term financial rating of P2 and a long term rating of BBB+, by agency RAM Ratings Lanka. The long term rating has a stable outlook. The rating is supported by the company’s sound project economics and financial strategy, the rating […]

Dec 12, 2009 (LBO) – Sri Lanka’s renewable energy promotion agency is in a new drive to push larger solar power plants connected to the national grid in Sri Lanka though the technology is still relatively expensive.In rural Sri Lanka small off-grid plants are being sold by a number of private firms and solar hot […]

Dec 09, 2009 (LBO) – Groundwork for Sri Lanka’s largest wind power project has begun ahead of its launch in May next year, with the contract for logistics services given to global firm, Agility Project Logistics. The company has handled over 210 major projects in the past five years and has operations in 120 countries. […]

Dec 06, 2009 (LBO) – A housing facility built by contractors for a hydro electric dam project will be sold by the state-run Ceylon Electricity Board (CEB) to the military, the government has said.The cabinet of ministers had given the nod for the housing complex built for Swedish expatriates who worked at the Kukule river […]

Dec 03, 2009 (LBO) – The Japanese government will give Sri Lanka a grant of 860 million yen or just over a billion rupees to build a 400 kiloWatt demonstration solar power plant which will be connected to the national grid.The solar project will be implemented by the Sri Lanka Sustainable Energy Authority under the […]

Nov 22, 2009 (LBO) – Sri Lanka’s power generation rose 1.3 percent in August 2009 to 845 GigaWatt hours from a year earlier, with hydro power increasing its share, the latest official data showed.Petrol sales, used mostly for private transport was up 7.1 percent to 45,000 metric tonnes.To August petrol sales were up 4.6 percent […]

Nov 19, 2009 (LBO) – Sri Lanka will build two 300 MegaWatt coal power plants at the same time with Chinese financing and finish a 900MW facility in two phases instead of the originally planned three to cut the country’s high power costs. The 891 million dollar ‘preferential buyer’s credit’ would be repayable in 20 […]

Nov 12, 2009 (LBO) – Sri Lanka’s Sunshine Holdings said it is considering diversifying into the energy sector as part of the holding company’s strategy of expanding its portfolio of investments.Chairman Rienzie Wijetilleke said in a statement the group has a new subsidiary called Sunshine Power. “In accordance with long term diversification strategies to add […]

Nov 05, 2009 (LBO) – The state power utility of the Indian Ocean atoll state of Maldives has signed a 20-year deal with Falcon Energy, a private firm to build and operate a 75MegaWatt wind farm as part of a plan to become a carbon neutral nation. The wind farm built a cost of 200 […]

Oct 26, 2009 (LBO) – Sri Lanka’s power generation was up 0.2 percent in June, from a year earlier, changing a tend of falling output in previous months, the latest official data showed.In the 6-months to June diesel sales were up 4.4 percent from a year earlier 883,000 metric tonnes, petrol up 3.4 percent to […]