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Thursday December 2nd, 2021

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...

5 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...

5 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...

5 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...

5 min read

Sri Lanka’s WindForce plans to raise LKR3.2bn IPO for renewable energy investment here and abroad

WindForce Limited, a diversified renewable energy producer in Sri Lanka is seeking to raise a 3.2-billion-rupee initial...

Power Crisis: Sri Lanka aiming to go for only renewable energy sources within ten years

Sri Lanka is working on a plan to power the country using entirely renewable energy sources within the next decade, Powe...

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

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

Morning Briefing Gain clarity on the biggest stories of the day with our daily newsletter, Morning Briefing
Latest Last
US Dollar 202.0474 202.0474
UK Pound 268.7331 269.2383
Euro 228.7177 228.3338
Aus Dollar 144.3831 144.4841
Yen 1.7815 1.7776
Source: Central Bank/Indicative
Latest Last
Indian Rupee 2.6936 2.6920
Korea Won 0.1711 0.1702
Oman Rial 524.7916 524.7916
Saudi Riyal 53.8563 53.8592
UAE Dirham 55.0073 55.0073
Source: Central Bank/Indicative
pts %
S&P SL20 3,900.02 1.84%
CSE All Share 11,440.53 2.13%
Turnover Rs million. 2,191,558,044.10 10,054,526,815
Source: CSE
Latest Last
3-m bill 7.56 7.63
6-m bill 7.91 7.88
12-m bill 8.25 8.16
5-yr bond 10.56 10.58
8-yr bond 11.21 11.20
Source: Central Bank/Indicative
today yesterday
Overnight Money 5.93 5.99
Gilt Repo 5.14 5.14
I-m SLIBOR - -
Source: Central Bank/Indicative

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

Sri Lanka's coal power bounty has ended; costs shooting up

Sri Lanka's power generation costs are rapidly outpacing selling prices and a bounty from a 900 MegaWatt coal plant had ...

7 min read

Sri Lanka oil refinery operating after overhaul

Sri Lanka' state-run Ceylon Petroleum Corporation said its 50,000 barrels-a-day refinery has started operations after a ...

1 min read

Sri Lanka power utility engineers delay industrial action till May 08

Engineers at Sri Lanka's state-run Ceylon Electricity Board said they were delaying industrial action till May 08, until...

1 min read

Sri Lanka CEB engineers threaten TU action; no co-operation with regulator

Engineers at Sri Lanka's state-run Ceylon Electricity Board has given notice of a work-to-rule campaign from April 20, w...

2 min read

Sri Lanka's CEB shuts coal plant over emission concerns

State-run Ceylon Electricity Board has shut down one of three coal plants in Sri Lanka's North West coast after an envir...

1 min read

Sri Lanka's CPC losse Rs9.8bn on fuel sales in two months

Sri Lanka's state-run Ceylon Petroleum Corporation has lost 9,886 million rupees in the first two months of 2018, sellin...

2 min read