An Echelon Media Company
Friday November 13th, 2026
Energy

Sri Lanka looking for cheaper 3-year private power to plug capacity gap

New private plants could be cheaper than CEBs own older plants

August 16, 2023 4 min read

Sri Lanka expects to sign up Aitken Spence IPPs to avoid power cuts

Private plants cheaper than some of the CEB's older generators

August 15, 2023 2 min read

Sri Lanka to buy more IPP power after low rainfall

Bid are to be called from ACE Matara, ACE Embilipitiya and V-Power which can connect to the Southern grid

August 8, 2023 1 min read

Sri Lanka to continue uninterrupted power supply, maximum water release amid Samanalawa crisis

The reservoir will be shut down on August 16 for power generation preserving the dead storage of water of the dam.

August 7, 2023 3 min read
Sri Lanka to go ahead with Indian JV on Trincomalee Oil Tank Farm

President Dissanayake's party strongly opposed Indian JV for Trincomalee Oil Tabk Farm

Sri Lanka's Siyambaladuwa 100MW solar farm awaiting bankable lands

We have put a cabinet paper for that. It is awaiting Treasury observations

Sri Lanka's Litro Gas awards LGP deal to Oman

Sri Lanka's state-run Litro Gas has awarded a 350,000 metric tonne liquefied petroleum gas deal to Oman Trading Internat...

February 9, 2019 1 min read

Sri Lankan Chevron unit wins lubricant deals for power sector

ECONOMYNEXT- The Sri Lankan unit of Chevron has won several tenders to supply lubricants to state-owned power stations a...

February 6, 2019 1 min read

Sri Lanka IOC unit prepared for daily fuel pricing: official

Lanka IOC, a publicly traded unit of the Indian Oil Corporation is ready for daily fuel price adjustments if Sri Lanka m...

February 6, 2019 2 min read

Sri Lanka IOC unit hit by ad hoc price cuts; formula not cost reflective

LankaIOC, a publicly traded unit of Indian Oil Corporation is expecting better results in the March 2019 quarter after b...

February 1, 2019 2 min read

Sri Lanka's JLanka wins Bahrain solar power deal: report

Sri Lanka based JLanka International, a solar power firm has won a deal from the government of Bahrain to train and cert...

January 22, 2019 1 min read

Sri Lanka re-tenders Mannar Basin offshore block for natural gas development

ECONOMYNEXT- Sri Lanka has reopened tenders for the M2 off-shore block in the Mannar Basin for fossil fuel development a...

January 17, 2019 2 min read

Sri Lanka cuts fuel prices, warns crude oil prices rising

ECONOMYNEXT – Sri Lanka’s government said it will cut fuel prices from midnight Thursday, with petrol and ...

January 10, 2019 2 min read

Sri Lanka hydro power up 87-pct amid rain

Sri Lanka's hydro power output rose 87 percent from a year earlier to 3,428 GigaWatt hours in the nine months to Septemb...

January 5, 2019 1 min read

Sri Lanka cuts petrol to Rs125 a litre, diesel Rs101

Sri Lanka is cutting the price of a litre of petrol to 125 rupees a litre from 135 rupees, with a pricing formula coming...

December 21, 2018 1 min read

Sri Lanka to revise fuel prices on formula Friday

Sri Lanka will announce new fuel prices based on lower world prices on Friday, bringing back formula pricing, Finance Mi...

December 20, 2018 1 min read
Morning Briefing Gain clarity on the biggest stories of the day with our daily newsletter, Morning Briefing
Latest Last
US Dollar 332.3603 330.8514
UK Pound 440.9424 438.3450
Euro 368.4879 371.0168
Yen 2.0805 2.0916
Aus Dollar 227.4342 231.1659
Source: Central Bank/Indicative
Latest Last
Indian Rupee 3.5474 3.4202
Korean Won 0.2492 0.2479
Oman Rial 863.2287 859.3320
Saudi Riyal 88.5586 88.0955
UAE Dirham 90.4874 90.0766
Source: Central Bank/Indicative
pts %
S&P SL20 6,365.57 +0.26%
CSE All Share 22,157.40 +0.56%
Turnover Rs 2975.05 million 1193.67 million
Source: CSE
Latest Last
3-m bill 7.61 7.84
6-m bill 7.91 8.26
12-m bill 8.23 8.3
3-yr bond 9.24 9.25
5-yr bond 9.82 9.56
8-yr bond 10.50 10.48
Source: Central Bank/Indicative
today yesterday
Overnight Money 7.70 7.69
Gilt Repo 7.74 7.72
I-m SLIBOR - -
Source: Central Bank/Indicative

Sri Lanka’s LAUGFS commissions Bangladesh gas cylinder repair plant

ECONOMYNEXT – Sri Lankan liquid petroleum gas (LPG) supplier LAUGFS Gas said it had commissioned a new cylinder r...

November 29, 2018 2 min read

Sri Lanka approves procurement of more wind, solar power plants

ECONOMYNEXT – Sri Lanka’s Cabinet of Ministers has approved plans to buy more solar and wind power plants ...

November 28, 2018 1 min read

Laugfs, Exxon-Mobil extend Sri Lanka lubricant market gains in 2018 2Q

Laugfs and Exxon Mobil, has extended its market share in the second quarter of 2018, from while Chevron Ceylon and the I...

November 21, 2018 1 min read

Sri Lanka petrol, diesel prices down by Rs5 a litre

The price of standard 92 Octcane petrol was cut by 5 rupees a litre to 140 rupees and diesel by 5 rupees to 111 rupees a...

November 16, 2018 1 min read

Sri Lanka’s LVL Energy Sept quarter net profit up 25-pct

ECONOMYNEXT - Sri Lanka’s LVL Energy Fund, which operates hydro, wind and thermal power plants, said net profit r...

November 12, 2018 2 min read

Sri Lankan refiner tests Algerian crude oil to diversify supply

Sri Lanka’s state petroleum company is testing a crude oil from Algeria to widen supply sources for its refinery ...

October 24, 2018 2 min read

New Sri Lanka seismic survey ahead of 2019 oil exploration bid round

ECONOMYNEXT – The Sri Lankan government Monday began a new seismic survey for oil and gas deposits in the Mannar ...

October 23, 2018 2 min read

Sri Lanka to call for bids to develop Mannar Basin natural gas find

ECONOMYNEXT – The Sri Lankan government will soon call for bids to develop an offshore natural gas deposit in the...

October 22, 2018 1 min read

Sri Lanka rejects request for LPG price hike

ECONOMYNEXT – Sri Lanka’s Commerce Ministry said it has rejected a request by Litro Gas Lanka (LGL), the b...

October 18, 2018 2 min read

Sri Lanka green energy project gets 30 million euros French loan

ECONOMYNEXT – Sri Lanka will get 30 million euros from France for a project to cut transmission losses at state u...

October 18, 2018 1 min read