CEB Eng Union points fingers at PUCSL and Snr. Govt officials for power crisis
Apr 04, 2019 (LBO) - The power crisis in the country is mainly due to the timely non approval of the `Least Cost Long-Term Generation Expansion Plan’ …
Power
CEB to appear in Court regarding un-scheduled power cuts
Apr 03, 2019 (LBO) - The Colombo Fort Magistrate Tuesday noticed the Ceylon Electricity Board (CEB) to be present in courts on April 9 over its failure to …
Sri Lanka to discuss draft national policy on LNG
Mar 22, 2019 (LBO) - The Ministry of Highways and Road Development together with Petroleum Resources Development has developed the draft national policy on …
Laugfs unveils second solar-powered fuel station in Sri Lanka
Feb 27, 2019 (LBO) - Setting another benchmark in the fuel retailing industry in Sri Lanka, Laugfs Southern Petroleum launched the country’s second …
Resus Energy to invest Rs.1.3Bn in hydro and solar power projects in Sri Lanka
Feb 26, 2019 (LBO) - Resus Energy PLC a renewable energy firm says they will be investing a staggering 1.3 billion rupees hydropower and solar power projects …
Fitch downgrades SLT & CEB, upgrades Lion Brewery on rating scale revision
Feb 18, 2019 (LBO) – Fitch Ratings has taken rating action on non-financial corporates following the recalibration of its National Rating scale to reflect …
Fuel prices increased but no room to increase transport charges: Finance Ministry
Feb 11, 2019 (LBO) – Government today revised the fuel prices and accordingly the prices of one liter of Petrol Octane 92 and the Auto Diesel have been …
New Director Boards appointed for institutions coming under Power Minister
Sri Lanka’s Power, Energy and Business Development Minister Ravi Karunanayake on Wednesday appointed new Director Boards coming under his purview. online …
Sri Lanka ready to create artificial rain for hydropower generation
Jan 23, 2019 (LBO) – Ceylon Electricity Board and Sri Lanka Air Force today signed a memorandum of understanding to facilitate the project of creating …
Laugfs Gas to infuse Rs1.1bn for expansion of its LPG Transshipment Terminal
Dec 27, 2018 (LBO) – Laugfs Gas will infuse 1,150 million rupees for the expansion of its LPG Transshipment Terminal facility located at Hambantota …
Sri Lanka to construct 60MW wind and 150MW solar power plants
Nov 29, 2018 (LBO) - Sri Lanka's cabinet of ministers has approved the procurement process for a policy framework for the construction of solar and wind power …
SAARC energy regulators meet in a bid to initiate regional power trade
Nov 13, 2018 (LBO) - Sri Lanka hosted the third meeting of South Asian Association for Regional Cooperation (SAARC) council of experts of energy regulators …
LVL Energy Fund 6-month profit exceeds previous full year profit
LVL Energy Fund PLC with an operational footprint covering Sri Lanka, Bangladesh and Nepal, recorded a strong financial performance in the first half of the …
LVL Energy Fund set to expand portfolio with 7 new solar power plants
Leading energy company and a subsidiary of Lanka Ventures, the LVL Energy Fund PLC is set to expand its alternative energy footprint with the development of …
Sri Lanka to implement tranche 2 of green power development program
Oct 18, 2018 (LBO) – Sri Lanka plans to implement the tranche 2 of the green power development and energy efficiency improvement investment program. The …
We do not expect govt. to implement a price formula for electricity soon: Fitch
Oct 09, 2018 (LBO) – Fitch Ratings on Tuesday said that they do not expect the government to raise electricity tariffs or implement a cost-reflective pricing …
Construction work of Sri Lanka’s first LNG power plant to begin next month
Sept 28, 2018 (LBO) – Construction work of Sri Lanka’s first liquified natural gas (LNG) fuelled power plant will be commenced in Hambantota next month.buy …
Cabinet nod for 500MW LNG plant in Kerawalapitiya
Sept 20, 2018 (LBO) - - The Ceylon Electricity Board has been given cabinet approval to sign an agreement with India's NTC to build and 500 Meggawatt …
USD 50Mn from ADB to support Enterprise Sri Lanka’s rooftop solar power project
Sept 19, 2018 (LBO) - The Enterprise Sri Lanka projects which was launched by the Ministry of Finance has received Rs 8 billion ( USD 50 Million) from the …
Cabinet approves USD50mn ADB loan to boost rooftop solar power generation
Sept 12, 2018 (LBO) – Sri Lanka’s cabinet nod has been received to obtain 50 million US dollars worth ADB loan to help fund rooftop solar power generation …