An Echelon Media Company
Thursday July 18th, 2024
Energy

Sri Lanka plans solar panel production with Indian firm amid raw material concerns

Sri Lanka faced power cuts last year after failing to import fuel

August 21, 2023 2 min read

Windforce to build Sri Lanka's first ramp-rate controlled solar power plant

A 12MWh battery system will protect the grid from ramping

August 18, 2023 2 min read

Sri Lanka to open bids in China's Sinopec, Vitol refinery race on August 30

Evaluation may take 4 to 6 weeks

August 18, 2023 1 min read

Sri Lanka to make Mannar energy hub; intercity train service to Colombo to commence

“With access to solar, wind, and green energies, the Mannar district can be developed into an energy hub,” he said.

August 16, 2023 2 min read
Sri Lanka’s fuel distributors owe more penalties than demurrages: Minister

Sri Lanka had to pay large amount of demurrage in 2022 when it could not make fuel shipments timely

Sri Lanka earns USD 3 Mn in fuel sales to vessels through bunkering system: official

This signifies a significant step forward in stabilising the country’s energy finances, the official said.

Sri Lanka's Litro Gas acquires 100,000MT of LP gas using World Bank funds

The prime minister’s office said Thursday June 30 afternoon that the remaining 20 million dollars was from Litro.

June 30, 2022 1 min read
1

Sri Lanka President calls Russia's Putin, to visit UAE to seek fuel - Aluthgamage 

Sri Lanka's past diplomatic misconducts under Rajapaksa have made it difficult for Sri Lanka - official

June 29, 2022 2 min read
1

Sri Lanka seeks loan from Qatar to import oil amid soft-peg instability

Money for medicines allocated

June 29, 2022 2 min read

Sri Lanka cabinet clears plan allow new foreign fuel distributors

Selected firms will have to import fuel on credit and runs a currency risk

June 28, 2022 2 min read

Sri Lanka central bank to give payment plan for oil supplier arrears: Presidents office

Oil agents asks Central Bank, Treasury to deal directly with principals

June 28, 2022 2 min read

Sri Lanka to order exporters, embassies, hotels to pay electricity bills in dollars

Companies with more than 60-pct dollar revenues will have to pay bills in dollars

June 27, 2022 3 min read
3

Sri Lanka to release fuel for essential services only: cabinet

Minister Gunawardena requested the public to limit nonessential travel and use fuel sparingly.

June 27, 2022 1 min read

Sri Lanka's private buses en route to grinding halt as fuel crisis deepens

“Even today fewer than 10 per cent of buses are running. Drivers are on strike because they have no fuel."

Dulya de Silva
June 27, 2022 2 min read

Sri Lanka' CPC may need Treasury's help to repay India's $700 mln - minister

Sri Lanka has totally dependent on India for its fuel requirement from March to mid June.

June 27, 2022 2 min read

India's fresh $500 mln fuel credit to Sri Lanka delayed over routine administration - minister

The last shipment under Indian credit line arrived in on June 16. There has been no shipment since then

June 27, 2022 2 min read
Morning Briefing Gain clarity on the biggest stories of the day with our daily newsletter, Morning Briefing
Latest Last
US Dollar 305.1018 305.3339
UK Pound 386.9523 387.2371
Euro 330.8712 332.1141
Aus Dollar 201.0018 201.4980
Yen 2.0266 2.0278
Source: Central Bank/Indicative
Latest Last
Indian Rupee 3.6453 3.5932
Korea Won 0.2342 0.2292
Oman Rial 780.3569 769.4973
Saudi Riyal 80.1114 78.9849
UAE Dirham 81.7952 80.6569
Source: Central Bank/Indicative
pts %
S&P SL20 2,573.80 1.00%
CSE All Share 9,073.41 0.65%
Turnover Rs million 1,591,766,524.95 1,029,335,694.32
Source: CSE
Latest Last
3-m bill 21.72 21.79
6-m bill 19.55 20.31
12-m bill 17.72 19.28
5-yr bond 21.00 22.53
8-yr bond 19.42 20.55
Source: Central Bank/Indicative
today yesterday
Overnight Money 13.93 14.00
Gilt Repo 13.50 14.00
I-m SLIBOR - -
Source: Central Bank/Indicative

Sri Lanka power regulator proposes average tariff hike to Rs32 a unit

Dollar earning companies to pay in US dollars

June 27, 2022 1 min read
1

Foreign banks refuse to confirm Sri Lanka state bank letters of credit: Minister

Oil suppliers wary to supply Sri Lanka after recent downgrades

June 27, 2022 3 min read
1

Sri Lanka invites capable companies to supply aviation fuel

SriLankan Airlines to import Jet-A1 directly

June 26, 2022 1 min read
1

Sri Lanka plans to allow more fuel distributors

Plant to attract up to four new players

June 26, 2022 1 min read

Sri Lanka petrol price hiked to Rs470 a litre, diesel Rs460

Ceypetco and CPC prices both raised

June 26, 2022 1 min read

Row at Sri Lanka fuel queue leaves four injured: police

The four injured persons are currently recuperating at the Wellawaya Hospital.

Dulya de Silva
June 25, 2022 2 min read

Sri Lanka facing virtual standstill after indefinite delay of fuel shipment

"At the moment, the CPC is not able to confirm the arrival dates of the shipments."

June 25, 2022 2 min read
2

Sri Lanka announces up to 2.5 hour power cuts from June 24-26

Power cuts continue amid the country struggles to import fuel to meet its energy demand

June 24, 2022 1 min read
1

Sri Lanka petrol shipment delays by another day - Minister

"Limited amount of Petrol to be distributed today (23) and tomorrow (24) islandwide."

June 23, 2022 1 min read

Sri Lanka to maintain 2.5 hour power cut until Norochcholai fully operates

Before Norochcholai shutdown, power cut duration came down to 1 hour in mid June from 13 hours in March

June 22, 2022 1 min read
1 56 57 58 59 60 81