Cabinet approval for electricity pricing mechanism expected by Sept: IMF
June 22, 2018 (LBO) – Cabinet approval for an automatic tariff adjustment mechanism for electricity under the 2015 tariff methodology is expected by …
Power
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CEB strengthens Maintenance Management Process with ACECAM
Ceylon Electricity Board (CEB) is the leading state-owned organization in using Computerized Maintenance Management Solution(CMMS) for utility management in …
Distributors smuggle Rs10mn worth fuel on the day prices hiked
May 17, 2018 (LBO) – Ceylon Petroleum Storage Terminal (CPSTL) has incurred a loss of around 10 million rupees on the day fuel prices hiked. Initial …
Resus Energy to add more hydro power to national grid
Hydro electricity is the oldest and the principal source of electricity generation in Sri Lanka. Its unique geography renders the country perfectly suited for …
Sri Lanka’s CEB threaten TU action, Says not liable for inconvenience to public
Apr 17, 2018 (LBO) – Sri Lanka’s Ceylon Electricity Board Engineers Union (CEBEU), of the state owned electricity supplier Ceylon Electricity Board …
Sri Lanka’s Norochcholai power plant shuts down temporarily
Apr 12, 2018 (LBO) – The unit one of Lakvijaya power station which is also known as the Norochcholai power station has been shut down following the …
Sri Lanka plans to issue licenses for electricians from October
Mar 23, 2018 (LBO) – Sri Lanka’s electricity sector regulator, Public Utilities Commission is planning to implement a mechanism to establish an …
Sri Lanka to get USD100Mn from India for solar projects
Mar 14, 2018 (LBO) – The Indian government announced a Line of Credit for US 100 million dollars to finance solar power projects in Sri Lanka, during a …
Solar Alliance will create a greener, cleaner, healthy world: President
Mar 12, 2018 (LBO) – Sri Lanka’s President Maithripala Sirisena expressed confidence that the International Solar Alliance (ISA) would showcase the …
Laugfs Gas restructures to create opportunities for investors and foster growth
Mar 07, 2018 (LBO) – Sri Lanka’s a Laugfs Gas PLC announced a strategic restructuring to consolidate dominance in energy operations and create …
Sri Lanka to establish accepted professional status for electricians
Mar 05, 2018 (LBO) – Sri Lanka’s power regulator said it will establish an accepted professional status for electricians in the country through …
Cabinet approves proposal to conduct feasibility for India, Japan aided LNG terminal
Feb 28, 2018 (LBO) – Sri Lanka’s cabinet on Tuesday approved a proposal to conduct a feasibility study for the proposed Liquefied Natural Gas (LNG) …
Innovative Smart Solutions to revive electronic manufacturing in Sri Lanka
Feb 16, 2018 (LBO) – Innovative Smart Solutions (Pvt) Limited (iS2) launched their ‘SmartHome’ product line under the brand name Ape with the …
Sri Lanka signs the Framework Agreement on International Solar Alliance
Feb 02, 2018(LBO) – The High Commissioner for Sri Lanka in India, Chitranganee Wagiswara signed the Framework Agreement of the International Solar …
Sri Lanka to build 400MW power plant in Hambantota
Dec 07, 2017 (LBO) – Sri Lanka’s government has given the cabinet nod for the establishment of a 400 MW natural gas power plant in Hambantota, a …
LVL Energy Fund to announce Rs1.2bn IPO; largest since 2015
Dec 04, 2017 (LBO) – A leading energy company and a subsidiary of Lanka Ventures, the LVL Energy Fund is set to announce a 1.2 billion rupees initial public …
Sri Lanka incurs Rs. 50.6Bn loss due to delay in implementing planned power plants: PUCSL
Nov 20, 2017 (LBO) – The Public Utilities Commission of Sri Lanka (PUCSL) says that it has estimated a financial loss of 50.6 billion rupees due to the …
Norochcholai power plant to purchase coal under spot tender
Nov 08, 2017 (LBO) – Sri Lanka’s cabinet has granted approval to purchase 300,000 metric tons of coal for the Norochcholai power plant under a spot tender …
Biomass Energy Terminal to be inaugurated in Homagama
Nov 08, 2017 (LBO) – Sri Lanka’s Power Ministry in collaboration with Ecotherm Energy Solutions Private Limited will be establishing a Biomass Energy …
I will never allow substandard oil to unload: Petroleum Minister
Nov 07, 2017 (LBO) – Petroleum Minister Arjuna Ranatunga told Parliament Tuesday that he will never allow substandard oil tanker to unload in Sri Lanka. …