An Echelon Media Company
Wednesday June 29th, 2022
Energy

Sri Lanka power regulator proposes average tariff hike to Rs32 a unit

Dollar earning companies to pay in US dollars

June 27, 2022 1 min read
2

Foreign banks refuse to confirm Sri Lanka state bank letters of credit: Minister

Oil suppliers wary to supply Sri Lanka after recent downgrades

June 27, 2022 3 min read
2

Sri Lanka invites capable companies to supply aviation fuel

SriLankan Airlines to import Jet-A1 directly

June 26, 2022 1 min read
2

Sri Lanka plans to allow more fuel distributors

Plant to attract up to four new players

June 26, 2022 1 min read
2
Sri Lanka to release fuel for essential services only: cabinet

Minister Gunawardena requested the public to limit nonessential travel and use fuel sparingly.

Sri Lanka's private buses en route to grinding halt as fuel crisis deepens

“Even today fewer than 10 per cent of buses are running. Drivers are on strike because they have no fuel."

Sri Lanka CEB ex chair's letter to be tabled for discussion at next COPE meeting

Herath said he will table the letter, dated June 11, for discussion at the next COPE meeting.

June 15, 2022 2 min read
3

Sri Lanka to supply only half the fuel demand in the near future: PM

Next fuel ships on May 16, two more ships expected in the month

June 14, 2022 2 min read

Sri Lanka CEB chairman resigns after Adani deal revelations

After a recent change to the CEB law deals can be made without competitive tender Adani project

June 13, 2022 2 min read
1

Sri Lanka legislator raises shocking questions over Adani power deal

Ending tendering by changing the law has created space to buy power

June 13, 2022 2 min read
2

Sri Lanka's Adani power deal sans tendering strikes sparks in India politics

BJP’s cronyism has now crossed Palk Strait and moved into Sri Lanka

June 13, 2022 1 min read

Sri Lanka to issue fuel 'quotas' in rationing plan: Minister

I hope to have this system in place by the 1st week of July

June 13, 2022 2 min read

Sri Lanka's CEB chief under fire over contradictory statements to COPE

CEB Chairman Ferdinando withdraws statement to parliament

June 13, 2022 1 min read
1

Sri Lanka President denies influence as Adani controversy hots up

The President vehemently denied the statement made by the Chairman of the Ceylon Electricity Board

June 12, 2022 1 min read

Sri Lanka's power cuts to last up to 5-years without renewables PUCSL claims

The island can continue with 3-hour power cuts till December this year with the existing resources

Dulya de Silva
June 12, 2022 2 min read

Sri Lanka announces up to 2 hours 15 mins power cuts from June 13-19

One hour power cuts on June 14 and June 19

June 11, 2022 1 min read
Morning Briefing Gain clarity on the biggest stories of the day with our daily newsletter, Morning Briefing
Latest Last
US Dollar 367.2255 367.4039
UK Pound 452.1949 452.7893
Euro 389.8785 389.4918
Aus Dollar 256.3767 256.4772
Yen 2.7277 2.7394
Source: Central Bank/Indicative
Latest Last
Indian Rupee 4.5882 4.6034
Korea Won 0.2797 0.2807
Oman Rial 934.7931 935.8320
Saudi Riyal 95.8864 95.9981
UAE Dirham 97.9826 98.0915
Source: Central Bank/Indicative
pts %
S&P SL20 2,336.44 -1.88%
CSE All Share 7,451.91 -1.87%
Turnover Rs million 815,332,807 1,423,365,059
Source: CSE
Latest Last
3-m bill 19.88 19.95
6-m bill 20.76 20.17
12-m bill 21.12 21.81
5-yr bond 19.79 19.87
8-yr bond 20.46 20.14
Source: Central Bank/Indicative
today yesterday
Overnight Money 14.50 14.50
Gilt Repo 14.50 14.50
I-m SLIBOR - -
Source: Central Bank/Indicative

Sri Lanka's state-run Litro Gas chairman Vijitha Herath resigns

The reasons for Herath's departure were not immediately clear.

Dulya de Silva
June 10, 2022 1 min read

Sri Lanka's utility regulator to serve enforcement order on CEB over TU action

Unscheduled power cuts till 8am on Thursday were reported in Colombo, Kandy, Gampaha, Piliyandala and other areas.

Dulya de Silva
June 10, 2022 2 min read

Sri Lanka opens floodgates for corruption in power sector: Harsha

Competitive tenders ended for IPPs

June 10, 2022 3 min read

Sri Lanka schedules power cuts of over two hours for June 10

The Colombo city centre could face a power cut of three hours between 6.00 am and 8.15 am.

Chanka Jayasinghe
June 10, 2022 1 min read

Sri Lanka power minister accuses CEB trade unions of sabotage

CEB trade unions are against the proposed amendments in the act which are to be voted later on Thursday.

June 9, 2022 2 min read
1

Sri Lanka's CEB incurs Rs. 65 billion loss in first quarter

.

June 9, 2022 1 min read
1

Sri Lanka's electricity engineers strike continues at lower intensity: sources

Engineers launch the first strike since 1996 began at June 08 midnight

June 9, 2022 2 min read

Sri Lanka electricity strike toned down over Presidential promises: Update

Engineers alleged ending competitive bidding will lead to large scale procurement scams

June 9, 2022 4 min read
2

Sri Lanka President declares electricity an essential service

Union threatens strike over alleged plans to legalize procurement of high cost IPPs without tender

June 9, 2022 1 min read

Island-wide blackout likely in Sri Lanka on June 09 after union-ministry talks fail

The draft amendment to the Electricity Act is to be presented to parliament on Thursday.

June 8, 2022 2 min read