An Echelon Media Company
Friday November 13th, 2026
Energy

Sri Lanka’s WindForce to invest Rs535.5mn in 10 MW wind power project

Of this, a sum of LKR 231 million was disbursed at the time of signing the shareholder agreement.

October 13, 2025 1 min read

Sri Lanka's Laugfs halts Dubai unit, to appeal Iran sanctions listing by US

Laugfs says US sanctions counsel hired to conduct compliance review

October 13, 2025 1 min read

Sri Lanka's Laugfs Dubai unit named by US Treasury for trading Iran gas

Alleges Iran gas was delivered to Sri Lanka and Bangladesh

October 10, 2025 3 min read

Sri Lanka's WindForce to develop 10 MW wind power project

Acquired a 51 percent equity stake in Safe Power International (Pvt) Ltd

October 9, 2025 1 min read
Sri Lanka to develop Rs243bn Maha Oya pumped storage hydro project

Grid-scale energy storage solution to store excess energy

Sri Lanka greenlights battery storage plan

This move is intended to allow solar producers to store excess energy generated during the day for use during peak hours

Sri Lanka in discussion with Saudi-based ACWA Power for renewable energy project

Sri Lanka is in discussion for Saudi investments

May 8, 2024 2 min read

Sri Lanka to buy wind power from Adani for 8.26 US cents

Adani will be paid in rupees at the prevailing exchange rates.

May 7, 2024 1 min read

Sri Lanka solar power costs down 20-pct as rupee strengthens

Demand for solar power is coming back as the Return on Investment is now higher

Apsara Rodrigo
May 7, 2024 1 min read

Sri Lanka's Laugfs makes deeper LPG price cut as rupee gains

The price of a 12.5 kilogram cylinder would be cut to 3,840 rupees from 4,115 rupees by 275 rupees.

May 3, 2024 1 min read

Sri Lanka's Litro cuts LP gas price amid rupee appreciation

The price of a 12.5 kilogram cylinder would be cut to 3,940 rupees from 4,115 rupees by 175 rupees

May 3, 2024 1 min read

Sri Lanka raises profit margin on widely used petrol, diesel in latest revision

Govt could have reduced Octane 92 price by further Rs.7, White diesel by Rs.2 if it had maintained same profit margin

Shihar Aneez
May 1, 2024 2 min read

Sri Lanka changes fuel price formula ahead of polls; allow flexibility on profit margin

Government has reduced the profit margin to 1% from 4% last month to maintain the prices: D V Chanaka

April 27, 2024 2 min read

Shell asked to bring premium fuels to start Sri Lanka retail distribution

Shell has already imported petrol and diesel consignments: State Minister

April 26, 2024 2 min read
1

Sri Lanka panel to draw up petroleum regulator law

Committee to study introduction of a new regulatory body for the power sector

April 26, 2024 1 min read

Unions threaten to "defeat" Sri Lanka electricity reforms bill outside parliament

"We say to parliament members, if you have a conscience, do not raise your hand in support of this bill," added Jayalal.

April 25, 2024 2 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 expects to finish Adani wind power price talks by May

May be by May we hope to conclude the negotiations

Apsara Rodrigo
April 22, 2024 2 min read

Sri Lanka discussing extra land, water, for Chinese oil refinery

Discussions with China's Sinopec to give extra land, assure water supplies after company decided to expand capacity

Apsara Rodrigo
April 19, 2024 1 min read

Sri Lanka electricity sector reforms gazetted

Public will have two weeks from day of presenting Bill to Parliament to challenge its legality in Supreme Court

April 18, 2024 1 min read

Iran President to visit Sr Lanka amid rising tension, inaugurate Uma Oya project

The long delayed project was originally to be completed in 2024

April 15, 2024 2 min read

Sri Lanka Diesel sales at 7-month high in March, Petrol at 3-month high

Data show sales are on rise after economic crisis

April 13, 2024 1 min read

Sri Lanka cabinet approves revised electricity reform bill

The electricity reform bill is linked to a $100mn budget support loan from the Asian Development bank

April 9, 2024 1 min read

Chinese onion becomes cheaper in Sri Lanka than Indian ahead of festivals

Chinese onion price reduced by Rs. 120 per kg to 375, Indian onion price slashed by Rs. 50 to 445

Shihar Aneez
April 9, 2024 3 min read
1

Sri Lanka to inaugurate delayed, Iran-assisted 120 MW Umaoya project this month

Iran could not fund the project as promised due to the economic sanctions by the U.S.

April 8, 2024 2 min read

Sri Lanka’s Litro Gas cuts price on rupee appreciation, stock management

“We look at the advanced trends and then order stocks. That and the dollar appreciation has caused prices to fall.”

Apsara Rodrigo
April 1, 2024 1 min read

Sri Lanka fuel price formula allows for max profit margin of 4 percent: Minister

If a full 4 percent profit margin is applied, a price increase was due on auto diesel and 92 petrol: Kanchana Wijesekera

April 1, 2024 1 min read