An Echelon Media Company
Tuesday November 29th, 2022

Sri Lanka CEB chairman resigns after Adani deal revelations

After a recent change to the CEB law deals can be made without competitive tender Adani project

June 13, 2022 2 min read

Sri Lanka legislator raises shocking questions over Adani power deal

Ending tendering by changing the law has created space to buy power

June 13, 2022 2 min read

Sri Lanka's Adani power deal sans tendering strikes sparks in India politics

BJP’s cronyism has now crossed Palk Strait and moved into Sri Lanka

June 13, 2022 1 min read

Sri Lanka to issue fuel 'quotas' in rationing plan: Minister

I hope to have this system in place by the 1st week of July

June 13, 2022 2 min read
Sri Lanka Navy seizes petrol hoard worth 900,000 rupees

The suspects along with petrol and the vehicles used for the illegal act were handed over to the Kalpitiya Police.

Australia to work with India to provide fuel to Sri Lanka's navy, air force

Australia recently provided Sri Lanka 75 million US dollars in food and medicine aid. 

Sri Lanka Navy to buy emergency response vessel from Colombo Dockyard

Sri Lanka Navy has been cleared to purchase a Maintenance and Emergency Response Vessel (MERV) from Colombo Dockyard Plc...

November 19, 2020 1 min read

Sri Lanka expects LTL, another 300MW power plant in 3 years: Minister

Sri Lanka's LTL Holdings is expected to build a 300 MegaWatt liquefied natural gas cable power plant within three years,...

October 9, 2020 2 min read

Emirates National Oil wins Sri Lanka Diesel deals

Emirates National Oil Company (ENOC), Singapore had won contracts from state-run Ceylon Petroleum Corporation to supply ...

October 3, 2020 1 min read

Sri Lanka Laugfs terminal handles 400,000MT LP Gas, 60-pct re-exports

Laugfs Terminals Ltd at Hambantota port, a unit of Sri Lanka's publicly traded Laugfs group said it had handled 413,000 ...

September 18, 2020 2 min read

Sri Lanka to call international bids for 300MW LNG IPP

Sri Lanka's state-run Ceylon Electricity Board will call international tenders for a 300 MegaWatt liquefied natural gas ...

September 17, 2020 1 min read

Sri Lanka President orders 70-pct renewable electricity by 2030

Sri Lanka's President Gotabaya Rajapaksa has directed that plans be made to produce 70 percent of the electricity in cou...

September 16, 2020 1 min read

Thailand firms win cylinder deals from Sri Lanka state LPG distributor

Sri Lanka's state-run Litro Gas Lanka has awarded two contracts to Thailand based firms to supply liquefied petroleum ga...

September 13, 2020 1 min read

Sri Lanka preparing its legal strategy with regard to the MT New Diamond disaster

Sri Lanka is planning its legal strategy to sue the owners of the Supertanker that caught fire off its shores and is cur...

Imesh Ranasinghe
September 9, 2020 2 min read

Sri Lanka to expand fuel storage capacity

Sri Lanka will expand the storage capacity for fuel in the country to boost buffer stocks when ships are delayed, Energ...

September 4, 2020 1 min read

Sri Lanka blackout report makes 11 recommendations to CEB, not signed by regulator

An expert committee that probed a 2020 cascading failure of Sri Lanka's power grid has made 11 recommendations in a inte...

August 30, 2020 5 min read
Morning Briefing Gain clarity on the biggest stories of the day with our daily newsletter, Morning Briefing
Latest Last
US Dollar 371.7757 371.7599
UK Pound 442.7119 438.8584
Euro 387.1945 385.3880
Aus Dollar 253.0234 251.0798
Yen 2.6686 2.6603
Source: Central Bank/Indicative
Latest Last
Indian Rupee 4.4818 4.4863
Korea Won 0.2748 0.2747
Oman Rial 944.1068 944.1068
Saudi Riyal 96.7270 96.7115
UAE Dirham 98.9627 98.9627
Source: Central Bank/Indicative
pts %
S&P SL20 2,464.20 -3.19%
CSE All Share 8,087.04 -2.47%
Turnover Rs million 1,626,658,918 1,576,314,848
Source: CSE
Latest Last
3-m bill 31.03 31.03
6-m bill 29.57 29.60
12-m bill 28.41 28.41
5-yr bond 27.49 27.57
8-yr bond 27.44 27.23
Source: Central Bank/Indicative
today yesterday
Overnight Money 15.50 15.50
Gilt Repo 15.50 15.50
I-m SLIBOR - -
Source: Central Bank/Indicative

Sri Lanka's CEB faulted for 'significant lapses' over 2020 cascading failure

Sri Lanka's state-run Ceylon Electricity Board has been faulted for bad maintenance procedures and significant lapses in...

August 28, 2020 2 min read

Sri Lanka's BOI approves floating LNG unit in Hambantota

Sri Lanka's Board of Investment said it had signed a 97.2 million dollar agreement allowing setting up of floating liqu...

August 24, 2020 1 min read

Utilities Commission probing reason for countrywide blackout on August 16

The Public Utilities Commission of Sri Lanka is conducting investigations at the Kerawalapitiya and Norochcholai power p...

Chanka Jayasinghe
August 21, 2020 2 min read

Sri Lanka power cuts, IPPs in play with coal plants down after grid failure

Sri Lanka's Independent Power Producers are generating 35 percent of daily energy, with the Mahweli River plants adding ...

August 19, 2020 3 min read

Load-shedding or power cuts from tonight for four days

Electricity consumers around the country should expect load-shedding from tonight for at least four days, official sourc...

August 18, 2020 1 min read

Minister and PUCSL demand reports about countrywide power failure in three days

The Public Utilities Commission of Sri Lanka (PUCSL) has demanded that the Ceylon Electricity Board submit an investigat...

August 17, 2020 1 min read

Sri Lanka in extended blackout as grid fails repeatedly - Update

Sri Lanka's power blackout which started around mid-day has extended towards nightfall as grid failed repeatedly while e...

August 17, 2020 2 min read

Sri Lanka power grid in total cascading failure

Sri Lanka's power supply operated by state-run Ceylon Electricity Board was hit by a cascading failure cutting off power...

August 17, 2020 1 min read

CEB customers need to pay only what they paid in February for March, April and May - Cabinet

Electricity consumers facing huge bills after the COVID 19 lockdown are to be given further relief at a loss of Rs 3bn t...

July 16, 2020 2 min read

Sri Lanka's Ceylon Electricity Board loses Rs20bn up to April 2020

Sri Lanka's state run Ceylon Electricity Board lost 20.8 billion rupees up to April 2020, on top of a 85.4 billion rupee...

July 15, 2020 2 min read