Sri Lanka’s cabinet has given the green light to a proposal that designates the second 220kV Kerawalapitiya–Colombo Port underground cable project as a ‘Special Project’ […]
Category: Power
Resus Energy in Sri Lanka Launches New 2MW Solar Power Facility
FINANCIAL CHRONICLE — Resus Energy of Sri Lanka has successfully launched a 2MW solar power facility in Damana, Ampara, with commercial operations starting on September […]
WindForce launches Sri Lanka’s inaugural large-scale battery energy storage system alongside a groundbreaking floating solar facility.
Sri Lanka’s WindForce, an energy company, has announced that its subsidiary, Diyajanani, will officially launch a 5MW floating solar power facility today. Additionally, a standalone […]
Sri Lanka Slashes Fuel Costs as Global Oil Prices Stabilize Following 2022 Crisis
FINANCIAL CHRONICLE – Sri Lanka has decreased fuel prices for the first time in four months, following five consecutive increases, as global oil prices have […]
Sri Lanka urges solar energy users to temporarily disconnect systems during extended holiday weekend.
FINANCIAL CHRONICLE – Sri Lanka has requested that users of rooftop solar systems who contribute to the national power grid temporarily disconnect their systems over […]
ADB Advocates for Integrated Power Networks Amid Growing Energy Challenges
FINANCIAL CHRONICLE — As the Asia-Pacific region faces one of its most significant energy challenges in decades, collaboration among countries is essential to establish a […]
Sri Lanka Grants Rs827 Million Lubricating Oil Contracts to IOC and Chevron Lubricants
Sri Lanka’s cabinet has given the green light for contracts to procure lubricating oil for the Sapugaskanda power station, according to Minister Nalinda Jayatissa. The […]
Sri Lanka grants $6.04 million contract for Mullikulam Lot A to India’s RS Infraprojects.
Sri Lanka has granted a contract worth $6.04 million, approximately 499.66 million rupees (excluding VAT), for the development of Lot A of the Mullikulam Wind […]
CPC Chief Announces Conclusion of Sri Lanka’s Fuel Subsidy Program by June
Sri Lanka’s allocation of Rs. 57 billion for fuel subsidies is set to conclude by the end of June, prompting the recent hike in oil […]
Sri Lanka’s April Fuel Expenditure Soars to $886 Million
FINANCIAL CHRONICLE – In April, Sri Lanka’s oil import expenses skyrocketed by 149.9 percent, reaching US$ 886 million, largely attributed to increased fuel prices stemming […]
Sri Lanka’s CPC Allocates $521 Million for Oil Purchases in May, Reports Official
According to Deputy Finance Minister Anil Jayantha, the Ceylon Petroleum Corporation (CPC), Sri Lanka’s state-run fuel supplier, reported a significant increase in its oil import […]
Sri Lanka Enacts $27 Million Fine for Substandard Coal Imports, According to Official Sources
Sri Lanka has levied a penalty of $27 million thus far on the initial 15 out of 19 coal shipments under a long-term contract due […]
Sri Lankans encouraged to enhance fuel conservation efforts.
Sri Lanka’s Deputy Finance Minister Anil Jayantha has called on citizens to reduce their fuel usage as the rising costs of oil imports continue to […]
Sri Lanka’s Central Bank Head Reports CPC Settled Two-Thirds of 2026 Oil Expenses Within Initial Four Months
FINANCIAL CHRONICLE – The oil import expenses incurred by Sri Lanka’s state-owned fuel company have surged significantly in the initial four months of the year, […]
Vidullanka Acquires 49% Stake in Solex in Strategic Investment Move
FINANCIAL CHRONICLE – Vidullanka, a Sri Lankan energy company, has announced that it has finalized a share sale and purchase agreement along with a shareholders’ […]
Laugfs Energy Launches 2MW Mini Hydro Power Facility in Deniyaya, Sri Lanka
FINANCIAL CHRONICLE – Laugfs Power, an energy company in Sri Lanka, has successfully completed the commissioning and integration of its 2MW mini hydroelectric power facility […]
Sri Lanka’s regulatory body approves an 18% increase in electricity tariffs following fuel price surge and decline in coal quality.
FINANCIAL CHRONICLE – The Public Utilities Commission of Sri Lanka (PUCSL), which oversees the nation’s electricity sector, has sanctioned an 18% increase in electricity tariffs […]
Fitch Ratings Revokes A(lka) Rating for Sri Lanka’s CEB Following Utility Restructuring
FINANCIAL CHRONICLE – Fitch Ratings has officially withdrawn the A(lka) National Long-Term Rating assigned to Sri Lanka’s Ceylon Electricity Board (CEB), which previously held a […]
