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Sri Lanka to start building 35MW hydro plant on July 15
July 8, 2013 (LBO) – Sri Lanka will begin building a 35 MegaWatt ‘Broadlands’ hydro power plant, on July 15 in Polpitiya, Kithulgala, the power ministry said.The plant will produce 126 GigaWatt hours of energy a year for state-run Ceylon Electricity Board. The 82 million dollar plant will be 85 percent financed by China Development […]
Sri Lanka IPP puts 48MW of expired power plants on sale
July 08, 2013 (LBO) – Sri Lanka’s Aitken Spence Power, a unit of Sri Lanka’s Aitken Spence group has put two 24 MegaWatt plants for which power purchase agreements have expired for sale.Aitken Spence in a web notice said it invited offers for the plants, each of which had four Wartsila Vaasa Engines running on […]
Oil Bid
July 8, 2013 (LBO) – Ceylan Energy, a Sri Lanka based start-up oil firm will bid for an exploration block, partnering with international operators, a media report said.Sri Lanka’s The Sunday Times newspaper quoted Harry Kulasinghe, chairman as saying that the firm has a team of people with over 100 years collective oil and gas […]
‘s holiest sites: India police
PATNA, July 7, 2013 (AFP) – Indian police reported multiple low-intensity blasts at the Bodh Gaya Buddhist temple complex on Sunday, saying two people had been wounded but the temple was safe.It houses the holy bodhi tree as well as the giant Mahabodhi statue of Buddha, and multiple shrines marking the places where he is […]
Sri Lanka gaming resorts could add $900mn to tourism revenues: report
July 06, 2013 (LBO) – Sri Lanka’s gaming industry could generate 900 million US dollars a year with only two 500-room integrated resorts, upping rates of city hotels, but more support facilities are needed, a research report has said.A game changing 900,000 tourists could be added within four years to Sri Lanka’s current tourist arrivals […]
Police Probe
July 5, 2013 (AFP) – Sri Lanka’s police arrested 12 commandos in connection with the execution-style killing of five students during the island’s Tamil separatist war, an official said Friday.An inspector and 11 constables from the elite Police Special Task Force (STF) were taken before a magistrate in the port town of Trincomalee on Thursday, […]
Gulls feasting on whales? In Argentina, yes
ALDES PENINSULA, July 6, 2013 (AFP) – It’s a weird, lopsided fight if ever there was one: seagulls divebombing to attack and feed on the fat of 50-ton whales and their babies.And the birds are winning. The battle, new in recent years, is playing out in the South Atlantic off the coast of Argentina’s Patagonia […]
Cricket: West Indies without Bravo for Sri Lanka match
PORT OF SPAIN, July 6, 2013 (AFP) – West Indies captain Dwayne Bravo has been suspended from his team’s encounter with Sri Lanka in the fifth match of the Tri-Nation Series at the Queen’s Park Oval on Sunday.In a decision handed down by the International Cricket Council match referee Jeff Crowe and released on Saturday, […]
Sri Lanka stocks down 0.4-pct
July 05, 2013 (LBO) – Sri Lanka’s stocks closed down 0.41 percent on Friday with the market down for the third consecutive day amid losses in diversified companies and banking stocks, brokers said. The Lion Brewery closed at 399.00 down 09.00 rupees and Distilleries Company closed at 190.70 rupees down 1.80 rupees. The benchmark Colombo […]
‘s Mihin Lanka gets Rs600mn in state guaranteed loans
July 5, 2013 (LBO) – Sri Lanka’s state-run Mihin Lanka, a loss-making budget carrier has been given 616 million rupees in Treasury guarantee to borrow from a state bank, finance ministry data shows. Separately the Treasury had guaranteed a 175 million US dollar-equivalent loan (22.54 billion rupees) from Mashreq Bank in UAE until June 2016. […]
Sri Lanka urban housing eyed by UAE firm: industries ministry
July 05, 2013 (LBO) – Midein Holding Llc, an Abu Dhabi based firm is looking at urban housing development in Sri Lanka, the ministry of industry and commerce said.Omair S Al Dhaheri, chairman of Midein Holding had visited Colombo and has had talks with deputy investment promotion minister Faiser Mustapha and chairman of the state […]
More Sri Lankan boat people returned by Australia
July 05, 2013 (LBO) – Australia has returned 15 more Sri Lankan boat people taking the total sent back so far to 1,285, an Australian government statement said.Of those returned 1,072 were sent back involuntarily. The statement said the sending back boat people sent a “powerful message” and they were wasting money to travel to […]