Tag: Petroleum
CEB: Plug Pulled
The Japanese government, that pulled the plug on a US$ 30 million program loan linked to power sector reforms, says government will have to renegotiate funding under its new unbundling plan for the CEB. The Japanese government, that pulled the plug on a US$ 30 million program loan linked to power sector reforms, says government […]
VAT’s the Fuss?
Sri Lanka’s cash strapped Treasury will forego Rs. 7 billion in revenue as the government scraps the value added tax component on diesel with immediate effect, officials said.Sri Lanka’s cash strapped Treasury will forego Rs. 7 billion in revenue as the government scraps the value added tax component on diesel with immediate effect, officials said. […]
‘s the Fuss?
Sri Lanka’s cash strapped Treasury will forego Rs. 7 billion in revenue as the government scraps the value added tax component on diesel with immediate effect, officials said.Sri Lanka’s cash strapped Treasury will forego Rs. 7 billion in revenue as the government scraps the value added tax component on diesel with immediate effect, officials said. […]
Hurdle One
Newly minted power sector reforms that sailed through Cabinet on Wednesday, may take about a year to implement, and if the government can scrape together enough votes. Newly minted power sector reforms that sailed through Cabinet on Wednesday, may take about a year to implement, and if the government can scrape together enough votes. That […]
Reserve Power
The Asian Development Bank (ADB) has agreed to extend a deadline on its US$ 30 mn loan to the power sector by six months, even as unions relent on a new reform plan.The Asian Development Bank (ADB) has agreed to extend a deadline on its US$ 30 mn loan to the power sector by six […]
Quick Jab
Sri Lanka has secured US$ 500 million soft loan from China to finance a coal power plant and highway projects, officials said Friday. Sri Lanka has secured US$ 500 million soft loan from China to finance a coal power plant and highway projects, officials said Friday. The long talked of 300 mega watt coal plant […]
Square One
Ceylon Electricity Board (CEB) unions getting ready for trade union action again next week.Ceylon Electricity Board (CEB) unions getting ready for trade union action again next week. CEB trade unions say the government is trying to approve another Cabinet paper to restructure the CEB without trade union agreement. “They are tying to present a Cabinet […]
Round One
Shell Gas Lanka will jack up prices on a 12.5 kilo cylinder by Rs. 94 with effect midnight tonight, following the green light from watchdog the Consumer Affairs Authority.Shell Gas Lanka will jack up prices on a 12.5 kilo cylinder by Rs. 94 with effect midnight tonight, following the green light from watchdog the Consumer […]
Going Nowhere
Lending agency loans, for electricity sector reforms in Sri Lanka, expire this week but reforms talks between government and trade unions are still deadlocked.Lending agency loans, for electricity sector reforms in Sri Lanka, expire this week but reforms talks between government and trade unions are still deadlocked. A Rs 3 bn loan from the Japan […]
Final Call
The Asian Development Bank rapped Sri Lanka on Monday for dragging its feet on key electricity reforms, even as the Premier held crucial reform talks with warring trade unions.The Asian Development Bank rapped Sri Lanka on Monday for dragging its feet on key electricity reforms, even as the Premier held crucial reform talks with warring […]
Speak Now, Or…
Notice of proposed electricity price increases will be out for public comment next week, says the Ceylon Electricity Board (CEB).Notice of proposed electricity price increases will be out for public comment next week, says the Ceylon Electricity Board (CEB). “We sent the gazette notice to print.So it should be out early next week,” said CEB […]
Better Late?
The Ceylon Electricity Board (CEB) is trying to increase its fixed electricity charges by August.The Ceylon Electricity Board (CEB) is trying to increase its fixed electricity charges by August. “It is imperative that we increase prices or we will incur large losses.There is no alternative but to pass this on to consumers,” CEB General Manager, […]