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Friday August 12th, 2022

Sri Lanka power regulator wants early school closure

Private bus and school van operators have threatened to stop services if diesel shortages continue

April 2, 2022 2 min read

Sri Lanka schedules power cuts up to 8.5 hours for April 02

Saturday's power cut duration has declined to 8.5 hours from Friday's 12 hours

April 1, 2022 1 min read

Sri Lanka power regulator in court seeking US$200mn from central bank

The regulator says relevant authorities have failed to take advice given since 2016

April 1, 2022 1 min read

Sri Lanka schedules power cuts up to 12 hours for April 01

Power cut duration has been extended mainly due to lack of fuel amid severe shortage of US dollars for imports.

March 31, 2022 1 min read
Sri Lanka electricity strike toned down over Presidential promises: Update

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

Sri Lanka President declares electricity an essential service

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

Honeywell UOP to design upgrades to Sri Lanka refinery

US-based Honeywell UOP has won a deal to design upgrades to crude refinery operated by state-run Ceylon Petroleum Corpo...

October 2, 2019 1 min read

Sri Lanka's CPC asked to study new refinery in 2019 energy policy

Sri Lanka's state-run Ceylon Electricity Board, has been asked to conduct a feasibility study on a new refinery, and exp...

October 1, 2019 1 min read

Sri Lanka in LNG and renewable energy push as mass extinction fears fueled

Sri Lanka wants to expand renewable energy and liquefied natural gas power as a 16 year old child warned that the world ...

September 30, 2019 2 min read

Sri Lanka cabinet clears 300MW coal plant in Norochcholai

Sri Lanka's cabinet of ministers had cleared a proposal to build a fourth 300 MegaWatt coal power plant in the West Coas...

September 25, 2019 1 min read

Swiss Singapore Overseas wins Sri Lanka coal deal

Swiss Singapore Overseas (Pte) Ltd, a commodity trader, has won a deal to supply 300,000 metric tonnes of coal to Sri La...

September 22, 2019 1 min read

Bharat Petroleum gains share in Sri Lanka's lubricant market

India's Bharat Petroleum Corporation gained lubricant market share in Sri Lanka in the second quarter of 2019, overtakin...

September 20, 2019 1 min read

Dubai-based Mena Energy wins Sri Lanka, diesel, jet fuel deals

Dubai-based Mena Energy DMCC, has won term contracts to supply diesel and jet fuel to state-run Sri Lanka Petroleum Corp...

September 19, 2019 1 min read

Oil prices rocket on slashed Saudi output

Brent crude surged by 20 percent Monday -- the biggest gain since the 1991 Gulf War -- after weekend drone attacks on tw...

September 16, 2019 3 min read

Sri Lanka cuts petrol to Rs136 a litre, diesel unchanged

Sri Lanka will cut the price of 92 octane petrol by 2 rupees to 136 rupees a litre but keep the cheaper diesel fuel unch...

September 10, 2019 1 min read

German wind power left spinning by angry residents, subsidy cut

Wind power is a key pillar in Germany's ambitious renewables transition plan, but the sector has struck strong resistanc...

September 5, 2019 3 min read
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US Dollar 368.6127 368.6127
UK Pound 447.0879 446.9724
Euro 378.4089 377.3186
Aus Dollar 258.8081 259.7439
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Sri Lanka gets bids from UK, UAE, South East Asia to develop gas field

Sri Lanka has received bids from a consortium of 'medium sized' oil companies in the UK, United Arab Emirates and South ...

August 27, 2019 2 min read

Sri Lanka to award deal for offshore gas production before end-2019

Sri Lanka's Petroleum Resource Development Secretariat (PRDS) is currently evaluating bids for exploring and production ...

Tania Madies
August 27, 2019 3 min read

Sri Lanka to sign deal for offshore oil joint study with Norway's Equinor

The Sri Lankan government will sign an agreement on August 27 with Norwegian energy firm Equinor to survey the offshore ...

Tania Madies
August 26, 2019 2 min read

China firm wins tender to build Sri Lanka hydropower dam

Chinese firm Gezhouba Group Co. Ltd has won a tender to build the main civil works, which includes a dam, of the Moragol...

August 16, 2019 2 min read

Sri Lanka raises petrol to Rs138 a litre, diesel unchanged

SrI Lanka has raised the price of petrol by 2 rupees to 138 rupees a litre but keeping the more expensive diesel fuel un...

August 13, 2019 1 min read

Sri Lanka's Laugfs Gas pin hopes on new formula to end LPG price controls

Sri Lanka's Laugfs Gas Plc is expecting a new price formula to end price controls that has left the sector is large loss...

August 6, 2019 2 min read

Sri Lanka's LVL Energy Fund hit by soft-peg collapse

Colombo-listed LVL Energy Fund Plc said it had to allocate more money to finance a foreign project after Sri Lanka's sof...

August 4, 2019 1 min read

Doors opened for Sri Lanka renewable energy firms to move into Africa

A path breaking iniatiative for Sri Lanka-based renewable energy firms to move into Africa has been laid in Addis Ababa ...

August 2, 2019 1 min read

Japan's SBI invests US2mn in Sri Lanka's Sunshine energy

SBI Ven Holdings (Pte) Ltd, a unit of SBI Holdings Inc or Japan has invested 2 million US dollars in Sri Lanka's Sunshin...

July 29, 2019 1 min read

Lanka IOC back in losses in June quarter

Lanka IOC a unit of Indian Oil Corporation reported a loss of 239.18 million rupees for the June 2019 quarter, reversing...

July 26, 2019 1 min read