Divine Intervention
June 6, 2007 (LBO) – Sri Lanka's state electricity utility warned that power cuts would be imposed if monsoon rains do not come in the next two weeks to …
Bunker Oil
June 05, 2007 (LBO) - Lanka IOC, a unit of the Indian Oil Corporation, has started a marine bunkering operation by supplying diesel to ships off the east coast …
Change Please
May 30, 2007 (LBO) – India's National Thermal Power Corporation (NTPC) which is hoping to build a coal plant with Sri Lanka's power utility has asked for …
Deal Flow
May 29, 2007 (LBO) – Globeleq, a unit of CDC investment group which is raising a billion dollars by selling power sector assets in Sri Lanka and other …
Power Foothold
May 28, 2007 (LBO) – The Malaysian firm Tanjong, controlled by billionaire Ananda Krishnan, has taken a foothold in Sri Lanka's power sector by acquiring …
Slipping In
May 25, 2007 (LBO) – The Sri Lanka unit of the Indian Oil Corporation is planning to boost its 13 percent share in the island's lube business after …
Oil Numbers
May 24, 2007 (LBO) – Lanka IOC, a unit of the Indian Oil Corporation has posted higher profits in the March quarter helped by a provision write-back and …
Flight of Fancy
May 11, 2007 (LBO) -- Sri Lanka plans to double the price of lottery tickets and use the extra cash to build a second international airport in Weerawila, the …
Total Failure
May 10, 2007 (LBO) – Sri Lanka's national power utility has started to restore power to the capital Colombo following an island-wide power failure, …
Little Damage
April 29, 2007 (LBO) – The Indian and Dutch partners of petroleum facilities targeted by Tamil Tigers, which are jointly owned with the government of Sri …
Take Off
April 26, 2007 (LBO) – Sri Lanka's international airport has re-opened after several flights were diverted as a precautionary measure following reports …
Oil Chase
April 26, 2007 (LBO) – India is eyeing two oil exploration blocks in Sri Lanka with two state oil firms engaging in open bidding as well as taking a …
Port Funds
April 25, 2007 (LBO) –The Asian Development Bank (ADB) Wednesday inked a deal with the Sri Lanka government to lend 300 million dollars to expand Colombo …
Port Consolidation
April 24, 2007 (LBO) – Maersk, the world’s largest container shipping line, is to buy a bigger stake in South Asia Gateway Terminals (SAGT), …
New Formula
April 23, 2007 (LBO) – Sri Lanka's largest petroleum retailer the state-owned Ceylon Petroleum Corporation (CPC) may return to monthly price adjustments …
Price Pressure
April 18, 2007 (LBO) – The Ceylon Petroleum Corporation (CPC) which lost 1.5 billion rupees in 2006 is seeking a price hike to ward off an 800 million …
Pricey Burn
April 16, 2007 (LBO) – A litre of diesel may be raised by five rupees tomorrow in the face of rising global oil prices, Ceylon Petroleum Corporation …
Powerless
April 15, 2007 (LBO) – Sri Lanka lost electricity power Sunday as the entire national electricity grid failed shortly before 3.00 pm local time, …
Power Drive
April 09, 2007 - Sri Lanka Monday officially kicked off work on building a Japanese funded hydro power project in the island's central hills, which will add …
Hedge Win
April 09, 2007 (LBO) – Sri Lanka's petroleum utility will get a 33 million rupee payment this week on the expiry of its first hedging contract for …