Energy

External factors impact LVL Energy Fund Profit in Q1 2019/20

Views - 63 Monday, 5 August 2019 00:00

Revealing its financial performance for the first three months of the 2019/20 financial year, during the period ended 30 June 2019, the LVL Group reported a drop in revenue to Rs. 51 million from Rs. 114 million achieved during the corresponding peri


Selecting the right technology for energy independence

Views - 81 Monday, 5 August 2019 00:00

Having explored the idea of alternative energy sources to achieve energy independence in the previous article, this week we take a look at the technologies that will support our journey towards becoming self-sufficient energy consumers in the future.


Sri Lanka-Ethiopia and China discuss South-South Cooperation on renewable energy

Views - 61 Monday, 5 August 2019 00:00

A workshop to promote South-South Cooperation on Renewable Energy: Sri Lanka-Ethiopia and China, was held in Addis Ababa, Ethiopia under the patronage of United Nations Development Program (UNDP) and Ministry of Water, Irrigation and Energy of Ethiop


Panasian Power connects 4.2MW to national grid

Views - 88 Monday, 5 August 2019 00:00

Panasian Power (PAP), one of Sri Lanka’s leading green energy solutions providers, recently connected their first ground solar project to the national grid through the Soorya Bala Sangramaya scheme. The project, located in Beliatta, is spread acros


Global solar installations to reach record high this year : research

Views - 66 Wednesday, 31 July 2019 00:00

LONDON (Reuters): New solar photovoltaic (PV) installations are set to reach a record high this year, driven by improving markets in Europe and the United States and fast growth in India and Vietnam, consultancy Wood Mackenzie said on Thursday. Low a


India’s renewable energy cost lowest in Asia Pacific

Views - 48 Wednesday, 31 July 2019 00:00

Reuters: India’s renewable energy cost is the lowest in the Asia Pacific, consultancy Wood Mackenzie said on Monday. India’s levelised cost of electricity (LCOE) using solar photovoltaic has fallen to $38 per megawatt hour (MWh) this year, 14% ch


India to touch renewable energy capacity of 260 GW by 2024

Views - 48 Wednesday, 31 July 2019 00:00

NEW DELHI (Reuters): India expects to achieve a renewable energy capacity target of 260 gigawatt (GW) by 2024, a government official said on Friday, as the country sees rapid growth in renewable capacity backed by government orders, private equity an


China Belt and Road power investments surge from 2014-2019: study

Views - 51 Wednesday, 31 July 2019 00:00

SHANGHAI (Reuters): Chinese equity investment in solar, wind and coal power projects in Belt and Road countries has surged from 2014 to 2019, with planned capacity up more than tenfold compared to the previous five-year period, environmental group Gr


Oil prices rise as market eyes likely Fed rate cut

Views - 46 Wednesday, 31 July 2019 00:00

LONDON (Reuters): Oil prices rose for a fourth day yesterday on optimism the US Federal Reserve will this week cut interest rates for the first time in more than 10 years, supporting fuel consumption in the world’s biggest oil user. Brent crude ro


Camel dung fuels cement production in northern UAE

Views - 52 Wednesday, 31 July 2019 00:00

RAS AL-KHAIMAH, UAE (Reuters): Thousands of tonnes of camel dung are being used to fuel cement production in the northern United Arab Emirates, cutting emissions and keeping animal waste out of landfill. Under a government-run scheme, farmers in the


Teksan’s innovative and sustainable power solutions through Nativeway

Views - 100 Wednesday, 31 July 2019 00:00

Nativeway Ltd., formerly W. Punchibanda & Sons Ltd., is promoting world famous Teksan’s innovative and sustainable power solutions. Nativeway’s growing range of power products includes generators for standby and continuous power applications and


Solar Power by Vydexa offers eco-friendly energy solutions

Views - 115 Wednesday, 10 July 2019 00:00

The Energy sector, especially renewable energy such as solar energy, is an important segment of investment for the Board of Investment of Sri Lanka (BOI). Energy is important for both the public and for economic and industrial development. Vydexa (La


Asia feels pinch from higher Middle East oil shipping costs

Views - 58 Wednesday, 10 July 2019 00:00

Tokyo, Reuters: Asian oil refiners are being squeezed by rising freight rates and insurance costs for shipping crude from the Middle East after attacks on ships in the Gulf last month, industry officials and analysts said. The Middle East accounts f


Next step for energy users

Views - 115 Wednesday, 10 July 2019 00:00

Sri Lanka depends heavily on fossil fuels and hydropower for energy, with more than 90% of the country’s consumed electricity generated from these sources. Coal and hydropower are by far the most economic sources of electricity for the country, but


Fourth meeting of JWG on Cooperation in Power Sector between India and Sri Lanka held in India

Views - 73 Wednesday, 10 July 2019 00:00

The Fourth meeting of the Joint Working Group (JWG) on Cooperation in Power Sector between India and Sri Lanka was held on 24 June at the Ashok Hotel, New Delhi. The Indian delegation was led by Government of India Secretary of Ministry of Power Ajay


Trimming of PUCSL powers may backfire in industry, experts warn

Views - 160 Thursday, 4 July 2019 03:02

Industry experts in the power sector warn of a negative impact to the power industry if economic and technical regulatory powers of the Public Utilities Commission are to be trimmed as proposed by the Minister of Power and Renewable Energy.  Experts


USAID, ADB partner to expand Asia and Pacific’s sustainable energy market

Views - 78 Monday, 24 June 2019 00:00

The US Agency for International Development (USAID) yesterday launched a partnership with the Asian Development Bank (ADB) to accelerate the transition to a more sustainable, secure, and market-driven energy sector in Asia and the Pacific. USAID Asi


SINOPEC announces goal of 10 m ton low-sulphur marine fuel oil production capability by 2020

Views - 71 Monday, 24 June 2019 00:00

On 5 June, the 48th World Environment Day, SINOPEC hosted a press release conference in Zhoushan, Zhejiang province, to officially announce the production capability of 10 million and 15 million tons of low-sulphur marine fuel oil in 2020 and 2023.


Southern Asia urged to wind down coal to keep warming in check

Views - 59 Monday, 24 June 2019 00:00

Kuala Lumpur (Thomson Reuters Foundation): Countries in South and Southeast Asia must end their reliance on coal power plants and switch to clean energy in order to meet pledges to curb climate change and tackle air pollution, researchers said on Thu


Lanka Shakthi Technologies records 35% turnover growth on solar energy solutions

Views - 84 Monday, 24 June 2019 00:00

Lanka Shakthi Technologies Ltd. announced a 35% turnover growth compared to last financial year on their solar PV and thermal solutions at the company’s Annual General Meeting recently. The company which celebrated five years in operation held its


Lanka IOC declares dividend at 17th AGM

Views - 87 Monday, 24 June 2019 00:00

The 17th Annual General Meeting of Lanka IOC PLC for the financial year 2018-19 was held on 19 June in Colombo. The AGM was duly attended by all board members namely Chairman Ranjan Kumar Mohapatra, MD Manoj Gupta, Lakshman Watawala, Amitha Gooneratn


Grid interconnection of first two 1 MWp solar photovoltaic power plants today

Views - 309 Thursday, 14 March 2019 02:21

The grid interconnection of first, two 1 MWp Solar Photovoltaic power plants developed under “Suryabala Sangramaya Phase II” by Power, Energy and Business Development Minister Ravi Karunanayake will take place today at Mamaduwa, Vavuniya. As an i


Cabinet approves 28 1 MW solar power projects

Views - 741 Thursday, 14 March 2019 00:22

The Cabinet this week approved a proposal to award 28 projects of 1 MW under the second phase of the Suryabala Sangramaya Program spread across the country, the Information Department said. The proposal presented by the Power, Energy and Business Dev


UAE Minister of Energy and Industry wins ‘International Oil Diplomacy Person of the Year 2018’

Views - 102 Tuesday, 5 March 2019 00:00

The UAE Minister of Energy and Industry Suhail Al Mazrouei was presented with the ‘International Oil Diplomacy Person of the Year 2018’ Award in London recently at the Energy Institute’s International Petroleum (IP) Week. This prestigious accol


Oil rises on US-China trade deal hopes, OPEC’s ongoing supply cuts

Views - 76 Tuesday, 5 March 2019 00:00

SINGAPORE (Reuters): Oil prices rose on Monday, buoyed by output cuts by producer club OPEC and reports that the United States and China are close to a deal to end a bitter tariff row that has slowed global economic growth. International Brent futur


Sunshine Holdings’ quest towards green energy production gathers momentum

Views - 143 Tuesday, 5 March 2019 00:00

Further expanding on sustainable and greener energy opportunities, Sunshine Energy Ltd. (SEL), a fully owned subsidiary of Sunshine Holdings PLC, installed their first roof-top solar PV system in Kelaniya. With a capacity of 0.5MW (500kW), the solar


Singapore’s Aryans CGS and UK-based Atkins sign consultancy deal with SLSEA

Views - 238 Tuesday, 5 March 2019 00:00

The Ceylon Electricity Board (CEB), Lanka Electricity Company Ltd. (LECO), Sri Lanka Sustainable Energy Authority (SLSEA) and the National Water Supply and Drainage Board (NWSDB) are collaboratively implementing the ‘Supporting Electricity Supply R


A country like no other, on its way to self-annihilation

Views - 139 Tuesday, 5 March 2019 00:00

By S.P. Upali S. Wickramasinghe The Minister of Finance had requested for proposals to be included in the proposed National Budget 2019. This practice had been going on since about the year 1995, the year that former President Chandrika Kumaratunga b


Vidullanka gains big on overseas investments

Views - 151 Thursday, 21 February 2019 01:51

The reported Q3 interim financial report of Vidullanka PLC indicates a Rs. 123 million translation gain arising from the exchange rate movements and the overseas power generation segment reporting a further Profit after Tax of Rs. 155 million year to


LTL Unions cries foul over Power Ministry decision

Views - 120 Thursday, 21 February 2019 01:51

Raising concerns over the basis of awarding the Build, Operate, and Transfer tender to set up a second 300MW LNG power plant to Lakdanavi Ltd., the LTL Staff Union yesterday feared its fully-owned subsidiary may face bankability issues as a result.


Today's Columnists

Industry 4.0, disruptive technology and MAS Matrix: An example for way forward in Sri Lanka

Monday, 16 September 2019

Technology has always been disruptive. When a new technology is introduced, it changes the way the humankind lives, behaves, earns, interacts and communicates. Some 10,000 years ago, when agriculture and animal breeding were domesticated through the


Radically reinvented reality: Relevance to Sri Lanka

Monday, 16 September 2019

I am delighted to be involved in the National HR Conference 2019, the largest HR event in South Asia. This time it is on the theme ‘Radically Reinvented Reality’. We need to take another look at the way we act institutionally and nationally, in u


Boeing in MAX-imum trouble

Monday, 16 September 2019

Boeing, America’s mighty aircraft manufacturer, is in deep trouble. The controversy surrounding the best-selling 737 MAX has refused to go away. The Federal Aviation Administration, the US aviation regulator, has spent over 110,000 hours addressing


Gotabaya Rajapaksa at Viyathmaga: Vision with an authoritarian zeal!

Monday, 16 September 2019

Gotabaya Rajapaksa has unveiled his national strategy or vision as a presidential candidate with an authoritarian zeal. This is clear from his Viyathmaga speech. He should be commended however for his fairly clear expression of views and objectives.


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