Author Archive for Energy

Russia struts the world nuclear energy stage like a colossus

Thursday, January 18th, 2024

By P.K.Balachandran/Daily News Colombo, January 18: Media reports suggest that Sri Lanka may go in for Russian help to set up a nuclear power plant to supplement the current energy mix. The Russian State-owned nuclear energy company Rosatom appears to be the front runner among international companies that have shown interest in investing in Sri […]

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සජිත් හෙළිකළ දේශපාලන කුමන්ත්‍රණය…. “හා හා හී හී මෝඩ පුතාණෝ…”

Friday, January 5th, 2024

Ada Derana

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SJB unionist: IOC and Sinopec benefit from special levy on fuel to recover CPC losses

Tuesday, January 2nd, 2024

By Shamindra Ferdinando Courtesy The Island Ananda Palitha Even after imposing 18 percent Value Added Tax (VAT) on fuel with effect from January 1, the government continued to charge Rs 50 on a litre of both petrol and diesel purportedly to recover losses incurred by the highly corrupt state owned Ceylon Petroleum Corporation (CPC) over […]

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Russian collaboration is best if Sri Lanka goes for nuclear power generation

Monday, December 25th, 2023

By P.K.Balachandran/Ceylon Today Colombo, December 25: The Sri Lanka Atomic Energy Authority (SLAEA) chairman, Prof. S.R.D. Rosa told Daily Mirror on December 12, that his office had given the nod to the incorporation of nuclear power in the country’s energy mix. This is in line with President Ranil Wickremesinghe’s exhortation last year that Sri Lankans should seriously […]

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Sri Lanka approves Nuclear Power Plant construction with Russia as top contender

Thursday, December 14th, 2023

Courtesy NewsIn.Asia Dec 14 (NewsWire/ Sputnik) – Russia has emerged as one of the strongest contenders to build nuclear power plants in Sri Lanka, according to a media report published on Tuesday. According to Russia’s Sputnik News, Sri Lanka currently imports most of its energy needs, including oil, coal and hydrocarbons. To ease the economic […]

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Australian company gets USD 1.7 billion massive solar project in Sri Lanka

Tuesday, December 12th, 2023

Courtesy NewsIn.Asia Dec 12 (NewsWire) – The Cabinet has granted approval to enter into a Power Purchase Agreement with United Solar Group of Australia for a Solar Power Project, Minister of Power and Energy Kanchana Wijesekera announced today. Taking to ‘X’, Minister Wijesekera said United Solar Group of Australia will invest in a 700 MW […]

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Sri Lanka greenlights nuclear power amidst global interest

Tuesday, December 12th, 2023

Courtesy The Daily Mirror Colombo, Dec.12 (Daily Mirror) – In the wake of the organisations from countries such as Russia, China, Denmark and the United States proposing to invest in nuclear energy, Sri Lanka Atomic Energy Authority (SLAEA) has given the green light for nuke power, an official said. Russia which has already invested in […]

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New committee to expedite decision-making for implementation of renewable energy projects

Tuesday, December 12th, 2023

Courtesy Adaderana The Sri Lankan government has decided to appoint a combined standing committee to make decisions concerning renewable energy projects and monitor whether the decisions are efficiently and promptly implemented by relevant institutions. Cabinet of Ministers green-lighted this resolution on Monday (Dec.11), after identifying the need to accelerate the implementation of renewable energy projects, in […]

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Lightning strikes cause islandwide blackout: CEB

Saturday, December 9th, 2023

Courtesy The Daily Mirror Colombo, Dec. 9 (Daily Mirror) – The islandwide power blackout is due to multiple lightning strikes on several transformers and power stations, a Power and Energy Ministry official said. Meanwhile, the Power and Energy Ministry  said the islandwide power blackout is also due to a breakdown in the transmission line from […]

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Sri Lanka experiences a temporary power outage after a main transmission line fails

Saturday, December 9th, 2023

ByBHARATHA MALLAWARACHI Associated Press Sri Lanka’s power and energy ministry says the country experienced an island-wide power outage for several hours after a system failure in one of the main transmission lines December 9, 2023, 6:00 PM COLOMBO, Sri Lanka — Sri Lanka experienced an island-wide power outage for several hours Saturday after a system failure […]

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Sri Lanka to seek investors for nuclear power plants

Friday, November 17th, 2023

Courtesy Adaderana Sri Lanka will call for expressions of interest (EOI) in setting up nuclear power plants, its energy minister said on Friday, as it seeks cheap electricity to support its economic recovery. The primary source of energy in the island nation is from imported oil and coal, and hydropower. The government aims to produce […]

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Sri Lanka approves 18% electricity tariff hike for households

Friday, October 20th, 2023

Courtesy Business Recorder COLOMBO: Sri Lanka’s power regulator has approved an 18% electricity tariff hike for households in the country, which will be effective from Friday, the government said in a statement. Sri Lanka shares end higher on financials boost The overall hike approved on the day ranged from 18% to 24%, the statement said.

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Indian company ONGC Videsh interested in oil and gas exploration in Sri Lanka

Wednesday, October 11th, 2023

Courtesy The Daily Mirror ONGC Videsh Limited (OVL) is keen to participate in oil and gas exploration opportunities in Sri Lanka and is waiting for the island nation to unveil its roadmap and policy on developing the upstream petroleum industry, the company said Wednesday. OVL is the overseas investment arm of India’s state-owned Oil and […]

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Ceylon Electricity Board’s cash flow falls short despite tariff boost, says Fitch Ratings

Wednesday, October 11th, 2023

Courtesy The Daily Mirror Fitch Ratings said yesterday the cash flow operations of the Ceylon Electricity Board (CEB) would not be sufficient to cover its interest obligations this year, despite a 150 percent tariff increase. This is due to the reduced contribution from low-cost hydro power generation during the year, which compelled CEB to purchase […]

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Sri Lanka’s National Hydrogen Roadmap unveiled

Saturday, September 2nd, 2023

Courtesy Adaderana Sri Lanka’s National Hydrogen Roadmap, which aims to develop and deploy green hydrogen technologies in the country, was unveiled on Friday (Sept. 01). Power & Energy Minister Kanchana Wijesekera said the roadmap was presented by the Petroleum Development Authority of Sri Lanka (PADSL) and Greenstat Hydrogen India (a subsidiary of a Norwegian energy […]

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Sinopec officially begins fuel operations in Sri Lanka with discount offer

Thursday, August 31st, 2023

Courtesy AdaDerana Sinopec, a Beijing-based leading international petroleum company, has officially kicked off its business operations in Sri Lanka, by supplying fuel at its first filing station on the island established in Mattegoda, Colombo. Sinopec Fuel Oil Lanka, the local subsidiary of the Chinese petroleum giant began its retail operations on Wednesday (Aug. 30), with […]

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Crisis-stricken Sri Lanka could use 56GW of offshore wind potential to boost economic recovery

Wednesday, August 30th, 2023

Courtesy RechargeNews Sri Lanka has the potential for 56GW of offshore wind, according to a new World Bank report, which says the crisis-stricken country could use this natural advantage to rebuild its economy. The report, issued last week, found that Sri Lanka has the capacity for 27GW of fixed offshore wind in shallow waters, defined […]

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‘Offshore Wind Roadmap for Sri Lanka’ launched

Saturday, August 26th, 2023

Courtesy Adaderana Offshore Wind Road Map for Sri Lanka was launched on Friday (Aug. 25), which provides a strategic analysis of the offshore wind development potential in the country, considering the opportunities and challenges under different offshore wind growth scenarios. It is intended to provide evidence to support the Government of Sri Lanka in establishing […]

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Progress of 6 large-scale renewable energy projects reviewed

Saturday, August 26th, 2023

Courtesy Adaderana Minister Kanchana Wijesekera says the progress of 6 large-scale renewable energy projects was reviewed with the developers and the officials of Ceylon Electricity Board (CEB), Sri Lanka Sustainable Energy Authority (SLSEA) and Power & Energy Ministry on Friday (Aug. 26). These projects aim to achieve the government’s policy of 70% renewable energy targets […]

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India, Sri Lanka renew bid to link power grids – report

Wednesday, August 9th, 2023

Courtesy Adaderana India and Sri Lanka are giving a fresh push to the long-pending power grid connectivity between the two countries to trade electricity. Work has started on updating a detailed project report for the connectivity either through overhead line or undersea cable in the sea portion of the connectivity, following a meeting on the […]

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Electricity charges down by 14.2% from tomorrow

Friday, June 30th, 2023

Courtesy The Daily Mirror The Public Utilities Commission of Sri Lanka (PUCSL) has approved an overall 14.2 per cent of electricity tariff reduction from tomorrow (July 01), subject to conditions, the PUCSL Chairman said.   The category with consumption of less than 30 units will be reduced by 65% of the cost. Consumers that come under […]

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India’s Petronet LNG to provide short-term solutions to Sri Lanka

Thursday, June 22nd, 2023

Courtesy Adaderana Minister of Power and Energy Kanchana Wijesekera has revealed that the Indian energy company Petronet LNG has presented short-term solutions to meet the Ceylon Electricity Board’s (CEB) requirement for Liquefied Natural Gas (LNG).  Taking to Twitter, Wijesekera revealed that Petronet LNG presented immediate, albeit short-term, solutions for CEB’s LNG requirements this morning (22 […]

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Russia’s Rosatom to build nuclear plant in SL

Thursday, June 15th, 2023

Courtesy The Daily Mirror Sri Lanka has reached a deal with Russian nuclear giant Rosatom to build a nuclear power plant that may run two reactors and generate 300 megawatts of energy, the Sri Lankan ambassador in Russia said Wednesday. “We will go for a nuclear power plant … There are options actually … two […]

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USAID, ADB collaborate to help Sri Lankan women in energy sector

Thursday, April 27th, 2023

Courtesy Adaderana The USAID’s Sri Lanka Energy Project and the Asia Development Bank (ADB) have collaborated to launch the Sri Lanka National Chapter WePOWER to promote the advancement of women working in the country’s local energy sector. The national chapter is affiliated with the regional South Asia WePOWER Network. In addition to promoting women in […]

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Sinopec to sign agreements with Sri Lanka in May for retail fuel sales

Wednesday, April 26th, 2023

Courtesy Adaderana A team of officials from Sinopec visited Sri Lanka in order to finalise the agreements and commencement of operations for retail fuel sales, Minister of Power and Energy Kanchana Wijesekera said. Accordingly, the timeline, conditions of the relevant agreement and other concerns were discussed at a meeting held at the Ministry’s premises yesterday […]

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ENERGY  OPTIONS. FOSSIL  OR  RENEWABLE ?

Thursday, April 6th, 2023

Dr. Upatissa  Pethiyagoda. With development and population increase, national energy requirements will inevitably rise. Fears of exhaustion of the resource and inflation at supply sources, will surely increase prices of coal and oil. Small nations such as ours are bound to lose out. Two considerations have dominated discourse on Energy issues. (I) Both coal and […]

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CEB acquires 163 MW power plant

Thursday, April 6th, 2023

Courtesy The Daily Mirror The Ceylon Electricity Board has successfully acquired the 163 MW Combined Cycle Power Plant which was operated by Sojitz Kelanitissa (Pvt) Limited on March 28, 2023. The acquiring process was initiated in the latter part of the year 2022, in accordance with the terms and conditions of the Power Purchase Agreement […]

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Foreign oil companies to set up shop in 2 months

Tuesday, April 4th, 2023

Courtesy The Morning Agreements to be signed in 2 weeks Minister of Power and Energy Kanchana Wijesekera stated that the three Cabinet-approved foreign oil companies are expected to commence their fuel distribution operations in Sri Lanka within the next two months. Sri Lanka is planning to ink the respective agreements with the three companies in […]

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Sri Lanka in talks with Russia over oil, gas purchases

Sunday, April 2nd, 2023

Courtesy Pakistan Observer Sri Lanka continues its dialogue with Russia on possible purchases of oil and gas, Sri Lankan Transport Minister Bandula Gunawardana told Sputnik in an interview. Sri Lanka does not buy oil from Russia yet, however, this is to be discussed with the Ministry of Petroleum. I think we can get some win-win […]

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India, Sri Lanka to jointly build solar power plant in island nation

Thursday, March 30th, 2023

Courtesy The Week The initial investment is expected to be $42.5 million. India and Sri Lanka have agreed to jointly build in two stages a 135-megawatt solar power plant in the island nation’s eastern port district of Trincomalee to promote renewable energy. Sri Lankan Cabinet has given approval for the project as the country aims […]

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