Tag: Petroleum
Building Block
The government has finally approved coastal building regulations, under the Urban Development Authority(UDA), for tsunami-damaged parts of the country.The government has finally approved coastal building regulations, under the Urban Development Authority(UDA), for tsunami-damaged parts of the country. Under latest guidelines no new construction is allowed up to 100m in the western coast and 200m in […]
Beached People
Sri Lanka will publish new building guidelines to start rebuilding tsunami-damaged houses along the coast, in a few days time, says the Urban Development Authority (UDA).Sri Lanka will publish new building guidelines to start rebuilding tsunami-damaged houses along the coast, in a few days time, says the Urban Development Authority (UDA). “We have identified three […]
Shell Aid
The Royal Dutch Shell Group will give US$ 3 mn to disaster relief efforts in Asia, with part of the funds coming through special schemes on fuel.The Royal Dutch Shell Group will give US$ 3 mn to disaster relief efforts in Asia, with part of the funds coming through special schemes on fuel. Of the […]
Rained In
Torrential rains threaten to hamper relief work and raise the risk of disease in the Eastern coastal belt of Sri Lanka.Torrential rains threaten to hamper relief work and raise the risk of disease in the Eastern coastal belt of Sri Lanka. The Metrological Department told Lanka Business Online on Friday that heavy rains were forecasted […]
Fuel Flow
Sunday’s tsunami puts one of Sri Lanka’s main fuel storage centres out of business, starving the Southern region of fuel. Sunday’s tsunami puts one of Sri Lanka’s main fuel storage centres out of business, starving the Southern region of fuel. “The Galle depot is not operational.We don’t know the extent of damage yet. A team […]
Plugging In
India’s National Thermal Power Corporation has put in a bid to develop a 300 MW coal power plant in Sri Lanka, Indian news wires reported today.India’s National Thermal Power Corporation has put in a bid to develop a 300 MW coal power plant in Sri Lanka, Indian news wires reported today. The proposal sent to […]
Credit Slip
The Indian Export Import (EXIM) Bank has called for a corporate guarantee for the US$ 150 million fuel credit line to Sri Lanka.The Indian Export Import (EXIM) Bank has called for a corporate guarantee for the US$ 150 million fuel credit line to Sri Lanka. The new hurdle was introduced to cover a possible default […]
Fire Power
The government to subsidise the first 50 MW of dendro power to popularise dendro energy in Sri Lanka.The government to subsidise the first 50 MW of dendro power to popularise dendro energy in Sri Lanka. “The government will support the first 50 MW of pioneering dendro developers,” said Harsha Wickramasinghe, Project Director, Energy Conservation Fund. […]
Cozy Union
India’s state-run Oil & Natural Gas Corp. is planning to form a joint venture with Sri Lankan state-run company Ceylon Petroleum Corp. to take up exploration in Southern India’s Cauvery basin, reports the Economic Times newspaper Tuesday India’s state-run Oil & Natural Gas Corp. is planning to form a joint venture with Sri Lankan state-run […]
And Counting….
The Lanka IOC issue had attracted more than Rs. 24 bn, or more than 1 percent of GDP, even before all the postal and regional stock exchange applications were counted. Foreign applications had topped US $ 95 mn. “We are very encouraged by the foreign investor response,” says Vajira Kulathilaka, Head of NDB Investment Bank, […]
Oil Dollars
Sri Lanka will get Asian Development Bank help for its up-coming bidding round to auction off potential blocks off the Mannar coast, for oil exploration. Sri Lanka will get Asian Development Bank help for its up-coming bidding round to auction off potential blocks off the Mannar coast, for oil exploration. Sri Lanka has applied for […]
Power Politics
The 2005 budget jacked up renewable energy tariffs, stepping squarely into a running battle between mini-hydro developers and the state power utility.The 2005 budget jacked up renewable energy tariffs, stepping squarely into a running battle between mini-hydro developers and the state power utility. Finance Minister Dr. Sarath Amunugama said on Thursday that renewable sources of […]