Category: Power

Mar 19, 2010 (LBO) – Sri Lanka’s president Mahinda Rajapaksa has launched the second stage of a coal power complex built with Chinese financing which will add another 600 MegaWatt, the president’s office said. China became top lender to commit funds to Sri Lanka is 2009 accounting for 1.2 billion US dollars. The first 300Mega […]

Feb 17, 2010 (LBO) – The Asian Development Bank (ADB) and Japan will provide support to Sri Lanka to improve its power transmission system and expand rural electrification, an ADB statement said. It is also expected to reduce poverty by improving access to electricity in rural areas, and enhance energy efficiency and renewable energy development, […]

Feb 10, 2010 (LBO) – Sri Lanka’s loss-making state power utility, whose rates have been held below cost by successive governments for political reasons, is running a ˜tariff deficit’ of 30 percent, an expert said. Breakeven is not the end of the story but another stage in the process of a more comprehensive tariff reform […]

Feb 09, 2010 (LBO) – Sri Lanka’s Hemas Power said December quarter net profit rose 71 percent to 142 million rupees from a year ago as thermal power generation costs fell and hydro power hit peak output during the rainy period. Sales of the firm, which supplies power to state-run Ceylon Electricity Board and is […]

Jan 21, 2010 (LBO) – Sri Lanka is seeking Korean help to study the feasibility of starting a nuclear power plant in the island, power and energy ministry secretary M M C Ferdinando said. “We are discussion with the government of Korea (South) to implement nuclear power in Sri Lanka,” secretary Ferdinando told reporters Wednesday. […]

Jan 21, 2010 (LBO) – The wrapping up of a joint venture deal to build a coal power plant on Sri Lanka’s eastern coast by India’s National Thermal Power Corporation (NTPC) has been put off till presidential polls are over, an official said. The government said a joint venture agreement and a power purchase agreement […]

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 […]