Category: Power

April 03, 2008 (LBO) – Sri Lankan apparel exporter MAS Holdings has signed up with a hydro power firm to buy electricity for an eco-friendly plant in a bid to reduce fossil fuel based energy use, an official said. . Under a five year deal, Nilwalabase Hydro Power Limited will supply between 2.5 to 4.0 […]

March 16, 2008 (LBO) – An India state-run firm that is preparing a feasibility study on an undersea power cable to Sri Lanka has said the project could be completed in 40 months if given the go ahead, a media report said. India’s The Hindu Business Line newspaper said a detailed report is being prepared […]

Mar 14, 2008 (LBO) – Sri Lanka is committed to keep power flowing through the country at market prices rather than rationing electricity to reduce losses and consumption, a senior minister said. . “The government is committed to a policy of supplying electricity even at a high price, because the cost of having power cuts […]

March 14, 2008 (LBO) – Sri Lankan mini-hydro power firm Vallibel Power Erathna is selling five million shares of another hydro firm at 37 rupees apiece to an undisclosed firm, the company said. Vallibel Power Erathna runs a 9.9 MegaWatt mini-hydro plant. The company’s shares traded flat at 2.30 rupees on Wednesday. Vallibel Erathne said […]

Mar 13, 2008 (LBO) — Sri Lanka would raise power tariffs from March 15 by slapping a 30 percent fuel recovery charge on most users and taking away subsidies now given to industries and religious institutions, a senior minister said.“This government is already giving a fertilizer subsidy to farmers and building infrastructure, so we cannot […]

Mar 04, 2008 (LBO) — Sri Lanka’s state-run power utility needs a management overhaul with input from finance, legal and information technology disciplines and tariff reforms to shift demand, its chairman has said in a detailed report.If tariffs could be used to shift demand, the CEB’s overall capital costs would come down and industry would […]

Feb 06, 2008 (LBO) – Sri Lanka’s power ministry is backing a proposal by the state-run Ceylon Electricity Board (CEB) to raise tariffs by around 30 percent to avoid a projected loss of more than 42 billion rupees in 2008. “The suggestion is something like 25 percent and there will be a fuel adjustment rate,” […]

Jan 31, 2008 (LBO) – Sri Lankan villagers are paying a high price for off-grid power while city folk are getting billions in power subsidies from a state power utility, an activist has charged. The activist also criticized a World Bank loan project the only significant fund that has come forward to fund such rural […]

Jan 21, 2008 (LBO) — Power supply to most parts of Sri Lanka failed as a transformer in a transmission line just outside the capital burst in the early hours of Monday, officials at the state power utility said. A current transformer in the Kotugoda grid substation had burst tripping off the adjacent Biyagama substation […]

Jan 11, 2008 (LBO) – Sri Lanka and India will finalize the site for a 500 MegaWatt coal fired joint venture power station this month, energy minister John Seneviratne said. About 25 percent of the householders, mostly in rural Sri Lanka do not have access to electricity. Seneviratne said an agreement has been sighed with […]

Jan 09, 2008 (LBO) – A new credit line from the World Bank inked Wednesday will help build 50 mega watts of power in rural Sri Lanka, helping light up 60,000 rural homes, officials said. The money would be lent through the DFCC Bank for off-grid renewable energy projects. The World Bank is giving 40 […]

Dec 19, 2007 (LBO) – Sri Lanka’s state power utility is launching a public campaign to conserve power as it is faced with rising generation costs and controlled tariffs that are driving it towards record losses, officials said. Years of political interference, which delayed the construction of coal plants, has meant that the Ceylon Electricity […]