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.

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

By Aidan Lea  Courtesy Argus Media Sri Lanka is developing regulation to lure green hydrogen and renewables projects to the country as it seeks to rebuild its ailing economy, its president Ramil Wickremesinghe said. Colombo will announce new green energy policies in the next two months as it hopes to establish itself as a renewable […]

Courtesy Adaderana Minister of Power and Energy Kanchana Wijesekara says that the fuel prices will be revised from midnight today (March 29). He said that the prices will be revised based on the fuel pricing formula. Accordingly, Octane 92 petrol will be reduced by Rs. 60, Octane 95 petrol by Rs. 135, Auto Diesel by […]

Courtesy Adaderana The Ceylon Petroleum Storage Terminals Ltd (CPSTL) has dispatched over 1,000 loads, collectively, of both Auto Diesel and Octane 92 petrol between 06:00 a.m. to 04:00 p.m. today (29 March), Minister of Power and Energy Kanchana Wijesekera stated.  Accordingly, 574 loads of 6,600 litres of Auto Diesel and 512 loads of 6,600 litres […]

Courtesy Adaderana Minister of Power and Energy Kanchana Wijesekera has assured that there are sufficient stocks of fuel in the country, and that distribution will continue as usual. Taking to Twitter, the Minister urged the public not to panic over a potential shortage in the supply of fuel owing to the recent actions taken by […]

by Arundathie Abeysinghe Courtesy Asia News Sri Lanka is considering building small, offshore and onshore reactors, deeming nuclear power an environmentally and economically viable option. Currently, its electricity comes mainly from hydroelectric power plants. The government is vetting an existing contract between Rosatom and Bangladesh. Colombo (AsiaNews) – The Sri Lankan government wants to work […]

Courtesy Livemint President Wickremesinghe provided his insights on the early implementation of these initiatives when the delegation led by Pankaj Jain, Secretary, Ministry of Petroleum Natural Gas, met him, the Indian High Commission here said. A high-level Indian delegation called on Sri Lankan President Ranil Wickremesinghe here on Sunday and briefed him on the developments […]

By Felicity Bradstock courtesy OilPrice Sri Lanka is in the midst of a financial and energy crisis, with high inflation and fuel shortages caused by poor economic management and the Covid-19 pandemic. To manage these issues, the government has introduced a National Fuel Pass to ration fuel, increased taxes and cut energy subsidies, and raised their […]

Courtesy The Daily Mirror The Cabinet nod has been granted to install two floating solar plants as a pilot project with 6.83 billion Korean Won funding from the South Korean government. The Minister of Power and Energy Kanchana Wijesekera on Monday sought the approval of the Cabinet of Ministers to sign the discussion paper with […]

Courtesy DTNext Further, data also revealed that the price difference between BJP and non-BJP-ruled states differ, with prices ruling higher in various non-BJP states. NEW DELHI: Prices of petrol and diesel increased in India’s immediate neighborhood and as well as some other advanced countries at a time when they declined back home in India, data from […]

Courtesy Adaderana During a discussion with the representatives of the Sinopec Group held at the Presidential Secretariat this morning (March 13), President Ranil Wickremesinghe said that the government has taken a principled decision to expand the distribution of fuel which is expected to commence shortly. The representatives from the Sinopec Group confirmed their readiness to invest […]

Courtesy Adaderana Power & Energy Minister Kanchana Wijesekera says several international development agencies have communicated the assistance they can offer to restructure the Ceylon Electricity Board (CEB). In a tweet, the lawmaker mentioned that the Asian Development Bank (ADB), the World Bank, the US Agency for International Development (USAID) and the Japan International Cooperation Agency […]