Category: Power

Oct 07, 2009 (LBO) – Attempts to connect a private liquefied natural gas (LNG) power plant to Sri Lanka’s state-run power utility outside a competitive bidding process is not legal under a new public utility regulatory law, officials said.From this October PUC is issuing licenses to the Ceylon Electricity Board, independent power producers and smaller […]

Sept 24, 2009 (LBO) – Small investors who applied for up to 500 shares in an initial public offering by Sri Lanka’s Hemas Power will be given their full allotments, according to a stock exchange filing.NDB Investment Bank, which handled the issue, said they had got 2,582 applications up to and inclusive of 500 shares […]

Sept 18, 2009 (LBO) – An initial public offering for 31.3 million shares by Sri Lanka’s Hemas Power has attracted applications worth over 1.68 billion rupees, the company representatives said in a stock exchange filing. A total of 5,000 valid applications for over 84.2 million shares were received, SSP Corporate Services, secretaries to the issue, […]

Sept 10, 2009 (LBO) – Several power plants supplying Sri Lanka’s national power grid has shut down following problem with furnace oil supplied by state-run Ceylon Petroleum Corporation, power sector officials said. Around 270 MegaWatts of capacity held by independent power producers had been taken off line following a problem that is believed to be […]

Sept 08, 2009 (LBO) – Sri Lanka’s Hemas Power, a unit of listed Hemas Holdings is seeking up to 626 million rupees through a sale of 31.3 million shares to increase investments in renewable energy. The firm is pushing for growth by moving into renewable energy. It already has a 2MW run of the river […]

Aug 24, 209 (LBO) – Sri Lanka’s Hemas Holdings group said the Colombo stock exchange has approved its application to list a power subsidiary, Hemas Power, on the bourse’s main board. Hemas owns half of the Heladhanavi 100 mega watt thermal power plant and a two mega watt mini-hydro power plant in Kandy in the […]

July 24, 2009 (LBO) – Sri Lanka’s electricity generation in May 2009 fell 3.6 percent to 834 million units (GigaWatt hours) from a year earlier, while diesel sales were up 22.2 percent, the latest government data showed.Thermal power generation at state-run Ceylon Electricity Board (CEB) tripled to 243 million units from 81GWh a year earlier […]

July 22, 2009 (LBO) – Sri Lanka has invited bids to supply 2.4 million metric tomes of coal for the country’s first coal power plant built by state-run Ceylon Electricity Board, which is scheduled to be commissioned next year.Lanka Coal Company (Private) Ltd, a specially incorporated company for coal procurement, said in a advertisement in […]

July 22, 2009 (LBO) – Use of solar power to pump water in remote Sri Lankan villages in a trial project designed by British engineers helps save fuel costs and could be replicated in other rural communities elsewhere, experts said.The project is now specifically used to rapidly re-settle people displaced by the conflict in the […]

GUESSING, July 5, 2009 (AFP) – After 20 years investing in renewable energy, the small Austrian town of Guessing, a model of energy self-sufficiency, is spreading its pioneering technology far and wide. That would cut CO2 emissions in the district by 85 percent, he added. Guessing’s model has also raised interest farther afield and in […]

June 30, 2009 (LBO) – Sri Lanka has got Chinese financing to add 600 Mega Watts of coal powered capacity to a generation complex where the first stage is scheduled to be completed next year, a government minister said. The loan will carry an interest rate of only two percent and is repayable over 20 […]

April 29, 2009 (LBO) – Sri Lanka has set up an energy efficient lighting centre with United States support aimed at promoting clean and low-cost lighting technologies in the south Asian region. “Providing access to electricity is a critical factor in supporting economic development throughout the region,” James Moore, U.S. Embassy Charge d’Affaires, was quoted […]