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Thursday December 2nd, 2021

Sri Lanka to call international tenders for 300MW coal plant: Minister

Sri Lanka will call international tenders for a 300MegaWatt coal plant in the island's North Western coast as an extensi...

5 min read

Lanka IOC net up on lower oil bill in Dec

Lanka IOC Plc, the Sri Lankan unit of an Indian state-owned petroleum firm, said its net profits for the December quarte...

5 min read

Sri Lanka President's Secy to visit Qatar for energy talks

Secretary to Sri Lanka's President Gotabaya Rajapaksa will visit Qatar for talks on clean energy, following visit by the...

5 min read

Norochcholai third phase delay costs Rs250mn daily: Minister

The Ceylon Electricity Board (CEB) is bearing a loss of 250 million rupees a day, due to delays in the third phase of th...

5 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...

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

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Sri Lanka mulls awarding oil exploration blocks on Swiss Challenge

Sri Lanka is considering awarding at least two shallow water oil exploration blocks off the island's north east coast on...

1 min read

Sri Lanka to revive oil exploration, bidding round in May 2018

Sri Lanka will call fresh bids for an offshore oil exploration block off the island's Northwestern coast in May 2018, wh...

1 min read

Chevron Sri Lanka unit says competition increasing, margins eroding

ECONOMYNEXT – Chevron Lubricants Lanka has said profit margins were getting squeezed with intensifying competitio...

2 min read

Sri Lanka warned against LNG 'take-or-pay' deal; call for competitive bidding

ECONOMYNEXT - Sri Lanka's power engineers warned that a government-to-government deal for a 'free LNG terminal' was a pl...

4 min read

No Sri Lanka fuel price formula yet

ECONOMYNEXT – The Sri Lankan government is yet to decide on a retail fuel price formula that changes with fluctua...

1 min read

Sri Lanka's Thalpitigala hydropower reservoir funded by People's Bank, China

State-run People's Bank has agreed to provide 26.1 million dollars of counterpart funds for a 174 million dollar reservo...

1 min read

Sri Lanka extends Ace Power supply contract

ECONOMYNEXT – The Sri Lankan government has decided to extend a private power purchase agreement with Ace Power t...

1 min read

Sri Lanka to call for offshore oil exploration bids in May

ECONOMYNEXT – Sri Lanka will call for fresh bids for offshore oil and gas exploration in May, Minister of Petrole...

1 min read

Sri Lanka's CPC losses to increase after IOC price hike

Sri Lanka unit of Indian Oil Corporation has raised fuel prices though state-run Ceylon Petroleum Corporation is yet to ...

2 min read

Sri Lanka to crackdown on kerosene sales for transport, factories

ECONOMYNEXT – Sri Lankan authorities will cancel the licences fuel retail outlet owners illegally selling subsidi...

2 min read