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Saturday November 27th, 2021
Energy

Regulator asks for report on sudden Sri Lanka power cuts

Sri Lanka's power regulator has asked for a report on power cuts made by the Ceylon Electricity Board on Monday, after a...

2 min read

Sri Lanka's CEB financial crises deepens; power cut halted with fuel credit

Power cuts of up to two hours a day from February 03, were averted after Sri Lanka's Energy Minister intervened to arran...

2 min read

Sri Lanka's LVL Energy profits down on Bangladesh power plant costs

Sri Lanka's LVL Energy Fund Plc's (LVEF) profits fell 52.95 percent to 22.60 million rupees in the December quarter from...

2 min read

Sri Lanka cancels hundreds of mini-hydro deals, 190MW to be re-tendered

Sri Lanka has cancelled 175 mini-hydro deals hurriedly signed before the Presidential elections and another 190MegaWatts...

2 min read

Sri Lanka LPG sellers seek tariff hike as butane, propane prices climb

Sri Lanka's liquefied petroleum gas (LPG) distributors have sought have an increase in the controlled price but no cabin...

Sri Lanka yet to finalise decision about Chinese power plants close to the Indian coast

Sri Lanka has not yet arrived at a final decision to grant the hybrid power projects in the Northern Island to the Chine...

Power fails in Sri Lanka's capital as CEB work-to-rule begins to bite

Sri Lanka's administrative capital of Sri Jayewardenepura was gripped by an extended power failure Tuesday morning amid ...

1 min read

Sri Lanka's richest 10-pct consume 31-pct of fuel

Sri Lanka's richest 10 percent of households consumes 31 percent of the fuel used in the country, based on the latest ho...

2 min read

Sri Lanka furnace oil prices unchanged

ECONOMYNEXT - Sri Lanka’s state-owned refinery, Ceylon Petroleum Corporation, has not raised the price of furnace...

1 min read

Sri Lanka to re-price fuel every two months on formula

Sri Lanka will re-price fuel every two months with a formula using Platts Singapore benchmark prices, but the prices are...

2 min read

Sri Lanka to raise fuel prices from today, petrol Rs137

Sri Lanka is raising petrol (92 Octane) to 137 rupees a litre and auto diesel to 119 a litre, Cabinet Spokesman Rajitha ...

2 min read

Sri Lanka approves plans for three LNG power plants

ECONOMYNEXT – The Sri Lankan government has approved plans to set up three liquefied natural gas (LNG) power plan...

1 min read

Sri Lanka cabinet approves formula pricing of fuel

ECONOMYNEXT - Sri Lanka's cabinet has approved pricing fuel by formula, Science and Technology Minister Sarath Amunugama...

1 min read

Sri Lanka state refiner mulls investments amid energy policy changes

ECONOMYNEXT - The Ceylon Petroleum Corporation (CPC), Sri Lanka’s state-run refiner, says more clarity on governm...

3 min read

Sri Lanka IOC unit losses fall in March 2018 quarter

Losses at Indian Oil Corporation's Sri Lanka unit, Lanka IOC Plc, contracted 84 percent from a year earlier to 103.4 mil...

2 min read

Sri Lanka's CEB engineers to work-to-rule from May 08

Engineers at state-run Ceylon Electricity Board has said they will go ahead with a work-to-rule campaign which may lead ...

2 min read

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US Dollar 201.2131 200.9721
UK Pound 267.6235 268.1470
Euro 225.6504 225.2998
Aus Dollar 143.8472 144.8205
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today yesterday
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Source: Central Bank/Indicative

Sri Lanka to bring coal power back, optimal mix required: Central Bank

Sri Lanka's power ministry has proposed to bring back coal plants to the energy mix in a bid to lower long term generati...

3 min read

Sri Lanka's Chevron Lubricants revenue, profits slide continues to 2018

Sri Lanka's Chevron Lubricants profits fell 15 percent to 697 million rupees in the March 2018 quarter from a year earli...

1 min read

Sri Lanka 300MW diesel IPP delayed after appeals: report

The award of a contract to build a 300MegaWatt dual fuel power plant on a 20-year power purchase agreement to Sri Lanka-...

1 min read

Sri Lanka's CEB short term debt soar to Rs138bn in 2017

Sri Lanka's state-run Ceylon Electricity Board's short term debt has soared 50 percent to 138 billion rupees, as the uti...

1 min read

ABB India wins Rs1.4bn Sri Lanka power substation deal

ABB India Limited has a won 1.434.11 million rupee deal to improve and build a grid substation for Sri Lanka's state-run...

1 min read

Sri Lanka LP gas prices hiked 17-pct

Sri Lanka has raised the price of domestic liquefied gas by 17 percent to 1,676 rupees for a 12.5 kilogram cylinder, as ...

1 min read

Sri Lanka President asks regulator, CEB to discuss disputed long-term generation plan

Sri Lanka's President Maithripala Sirisena has asked the regulator and Ceylon Electricity Board to discuss a disputed lo...

2 min read

Sri Lanka takes key step to help market price electricity

Sri Lanka's state-run Ceylon Electricity Board has set up a costing account that will make, generation, transmission and...

2 min read

Swiss Singapore Overseas Enterprises wins Sri Lanka crude oil deal

ECONMYNEXT – Swiss Singapore Overseas Enterprises Pte Ltd. has won a Sri Lankan tender to supply seven million ba...

1 min read

Sri Lanka looks to rope in generators at state agencies in emergencies

Sri Lanka's power regulator said it is looking at roping in standby generators of more than 130 MegaWatts idling at stat...

1 min read