Category: Power
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 […]
SL energy crisis needs streamlined long term policy framework from CEB: Snr Engineers Ass
Senior Engineers of CEB has launched a new movement to uphold policy consistency Plans to focus Energy Crisis in Sri Lanka through expediting the construction of new power plants Plans for career upliftment of junior engineers and recommending to increase retirement age to 61 to increase the contribution of senior engineers to achieve energy goals […]
PUCSL launch second phase of electrician licensing program
The Public Utilities Commission of Sri Lanka (PUCSL), the electricity sector regulator, commences the second phase of awarding free National Vocational Qualification Level 3 (NVQ 3) Program for Electricians tomorrow. The PUCSL launched this programme March last year and more than 2000 electricians have obtained NVQ3 under the programme and qualified for the electrician license. […]
PUCSL reaches 100-pct success rate in North Central province with consumer mobile service
The Public Utilities Commission of Sri Lanka (PUCSL), the electricity sector regulator reached a 100 percent success rate in solving more than 350 electricity consumer issues in North Central Province under its newly launched consumer mobile service programme. “The Public Utilities Commission of Sri Lanka is in the view that officers should go to the […]
ACL Cables completes fourth ‘ACL SAX’ conductor installation project
ACL Cables PLC, Sri Lanka’s No.1 cable manufacturer recently completed another significant milestone with the installation of its fourth ‘ACL SAX’ 80mm² 33KV medium voltage covered conductor electricity transmission project. The installation took place at a site close to Sri Lanka’s largest power station, the Lakvijaya Power Plant, commonly known as Norochcholai Coal Power Plant. […]
PUCSL signs MOU with USAID’s youth employment and entrepreneurship project
The Public Utilities Commission of Sri Lanka (PUCSL), the electricity sector regulator, signed a Memorandum of Understanding (MOU) with USAID’s youth employment and entrepreneurship project, YouLead recently providing professional qualification to 45,000 electricians. This initiative aims to channel joint efforts to support and upskill Sri Lankan youth in the electricity sector, and to encourage entrepreneurship […]