Category: Power
Norlanka unveils solar energy project at Trincomalee plant
Norlanka, one of Sri Lanka’s largest sustainable exporters of baby and kidswear, has reached its latest milestone in its journey towards achieving sustainable excellence by successfully unveiling a solar energy project at its manufacturing facility in Trincomalee. The solar energy project was ceremonially declared open recently by GS Periwal – CEO of Norlanka together with […]
Sri Lanka needs price formula to avert future energy crisis
Regional fuel prices are significantly higher than Sri Lanka Sri Lanka pitches into darkness and its people form lines at fuel stations due to the ongoing energy crisis. Fuel, which is the single largest import accounting for 18% of the country’s total import expenditure, cost an alarming USD 3.7 billion in 2021. Since the actual […]
Resus Energy connects 8th mini-hydropower station to national grid : capacity 2.4MW
Resus Energy PLC, a forerunner in renewable energy, operating a number of small hydropower and ground mounted solar PV stations in Sri Lanka, recently connected its eighth small hydropower station to the national grid. Fed by the Madulla Oya, a main tributary of Uma Oya, and built with state-of-the-art equipment at a cost of over […]
PUCSL says demand for electricity can be managed during month of February
The Public Utilities Commission of Sri Lanka (PUCSL), the electricity sector regulator, stated that the demand for electricity can be managed during the month of February starting tomorrow. Accordingly, the proposal made by the Ceylon Electricity Board (CEB) for a power interruption will not be allowed until the 4th of February 2022. The CEB had […]
Renewable energy can be a solution to SL’s energy crisis
Sri Lanka is currently facing an acute energy crisis, primarily due to the country’s reliance on imported fossil fuel. The solution to this is for the country to move on to more renewable sources of energy such as wind, solar, bio-gas, biomass and hydro power. Renewable energy also presents a host of other benefits both […]
PUCSL decision on power interruption
The Public Utilities Commission of Sri Lanka (PUCSL), the electricity sector regulator, has decided to reconsider the proposal made by the Ceylon Electricity Board (CEB) on 27th January 2022 on power interruption as there is no need for a power cut from today to 27th of January 2022. It is observed that there are sufficient […]
Find solutions to power crisis without disrupting lives of people, says President
President Gotabaya Rajapaksa stressed that steps should be taken to find a solution to the power crisis without disrupting the lives of the people. The President made these remarks during a discussion held at the Presidential Secretariat this morning (10) with the Heads of the Power and Energy sectors regarding the issue of power cuts. […]
Japanese Marubeni Corporation Explores Possibilities of Investing USD 375mn in Wind Power Project
Marubeni Corporation’s Executive Management Team for Asia visited Sri Lanka to negotiate an investment opportunity for the 200MW Mannar Wind Power Project. During this visit, the team met with President Gotabaya Rajapaksa and the Minister of Finance. The Marubeni Corporation with revenues of US$ 67 billion and a history spanning 160 years specializes in Renewable […]
National consensus on structural reforms needed to get out of economic crisis: Advocata
Sri Lanka is already in one of the worst economic crises in its history. The reforms are so difficult that no party will want to even contemplate let alone implement them fearing loss of popularity. The longer reforms are postponed, the worse the problem becomes which makes remedies even more difficult to implement. The only […]
New USAID 5-year, USD 19m project supports Sri Lanka’s renewable energy goals
On November 17, the United States Agency for International Development (USAID) announced its new $19 million, 5-year Sri Lanka Energy Program. Once finalized, this grant will support the Government of Sri Lanka’s vision to increase the generation of renewable energy to 70% by the year 2030 and will contribute to the transformation of Sri Lanka’s […]
”; Outlook Stable
Fitch Ratings has affirmed Sri Lanka-based Ceylon Electricity Board’s (CEB) National Long-Term Rating at ‘AA-(lka)’ with a Stable Outlook. They have also affirmed the National Long-Term Rating on CEB’s senior unsecured debentures at ‘AA-(lka)’. CEB’s ratings are equalised with that of its parent, the Sri Lankan sovereign (CCC), in line with Fitch’s Government-Related Entities (GRE) […]
For 1USD pledged to tackle climate crisis for world’s poor, 4USD spent on fossil fuel subsidies: Report
The world spends an astounding US$423 billion annually to subsidize fossil fuels for consumers – oil, electricity that is generated by the burning of other fossil fuels, gas, and coal. “This is four times the amount being called for to help poor countries tackle the climate crisis, one of the sticking points ahead of the […]