An Echelon Media Company
Monday June 3rd, 2024
Energy

Sri Lanka may have to depend on India or nuclear to reach low carbon target: researcher

The cost of reaching a very low carbon emission target may be around 40 billion US dollars

May 19, 2024 3 min read

Sri Lanka's CEB March 2024 profits Rs84bn with capital gain, fx strength

The rupee also appreciated in the March quarter

May 19, 2024 5 min read

Sri Lanka's CEB sells LTL shares to West Coast IPP for Rs26bn

Twenty-eight percent (28-pct) of share ownership

May 18, 2024 2 min read

Sri Lanka fresh water fishermen protest floating solar plant

"We urge the authorities to consider these risks and explore alternative locations"

May 17, 2024 2 min read
Sri Lanka has power breakdowns amidst extreme weather

36,900 breakdowns resulting in power interruptions to more than 300,000 consumers in the last three days due to weather

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
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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

Sri Lanka cuts super diesel by Rs72, Octane 95 by Rs7

Octane 92 petrol and standard diesel unchanged

March 31, 2024 1 min read

Sri Lanka electricity sector reforms bill to be gazetted

New electricity reforms bill to be gazetted in next two weeks and presented to Parliament during April

March 29, 2024 1 min read

Sinopec to double capacity of new refinery in Sri Lanka's Hambantota

"They intend to sign the agreements for the project and commence work by June 2024,"

March 28, 2024 1 min read
Morning Briefing Gain clarity on the biggest stories of the day with our daily newsletter, Morning Briefing
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pts %
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Source: Central Bank/Indicative
today yesterday
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WindForce subsidiary Renewgen assumes control of Mahoma Uganda Limited

Renewgen, a wholly-owned subsidiary of WindForce Plc, will assume management control of Mahoma Uganda Limited

March 25, 2024 1 min read

Sri Lanka's Adani wind power price lowered to 8.85 cents: Minister

They are now proposing 8.85 US cents or about 26.90 rupees

March 21, 2024 3 min read
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Indian Adani Group says “vicious campaign” against its Sri Lanka wind project

EIA, tariff questioned in Adani's proposed wind power project in Mannar

Shihar Aneez
March 21, 2024 4 min read
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Sri Lanka calls competitive tender for 50MW Mannar plant with bird radar

The radars will detect any incoming flocks towards and shut down the turbines

March 20, 2024 1 min read

Sri Lanka to study moving CPC oil refinery to Trinco

The move is considered in the light of the development of a tank farm in Trincomalee

March 19, 2024 1 min read
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Bid to install solar panels in Sri Lanka places of worship awarded to Premier Energies Ltd

USD17mn dollars from Indian credit line to be used to install solar power systems in places of worship in Sri Lanka

March 19, 2024 1 min read

Sri Lanka to spin off CPC refinery to attract capital

Plans to modernize refinery and extend its life

March 19, 2024 1 min read

Sri Lanka negotiating PPA for J/V solar power plant with India's NTPS

The negotiations are ongoing in the modalities

March 17, 2024 1 min read

India's Adani to build Sri Lanka transmission line with wind plants

A line from Kilonocchi to New Habarana has to be built to evacuate power from wind plants

March 17, 2024 2 min read

Sri Lanka CEB experienced staff in alarming exodus after inflation, taxes: Union

Experienced engineers leaving to Ireland, New Zealand, Australia

March 15, 2024 3 min read
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