Energy

Litro sheds light on LPG shortage, assures consumers of continued supply

Views - 36 Wednesday, 30 October 2019 01:03

In the aftermath of the Saudi Aramco Drone attack that took place in September, there is an understandable shortage of LP gas in the market. The current status of the LPG shortage could be attributed to a number of factors. First, in September there




Sri Lanka unveils first bamboo energy forum with UNIDO backing

Views - 19 Thursday, 24 October 2019 01:19

In a first effort of its nature, the United Nations Industrial Development Organization (UNIDO) Colombo is collaboratively unveiling a Forum on Bamboo for Energy and Industrial Sustainability. The forum, organised by UNIDO in collaboration with the I


KDK ceiling fans receive SLS 1600 Energy Efficiency Labelling

Views - 9 Thursday, 24 October 2019 01:18

KDK, the professionals in IAQ (Indoor Air Quality), once again proves its leadership by being the first ceiling fan to receive the Energy Efficiency Labelling, under the Sri Lanka Standards Institution - SLS 1600 requirements. In 2007, KDK was also t


Unilever achieves 100% renewable electricity across five continents

Views - 24 Monday, 23 September 2019 12:00

Unilever last week announced that its factories, offices, R&D facilities, data centres, warehouses and distribution centres across five continents are now powered by 100% renewable grid electricity. As far as possible, Unilever’s transition to ren


Key forum on efficient energy sector for economic and investment growth on Thursday

Views - 33 Monday, 23 September 2019 00:21

The Public Utilities Commission of Sri Lanka, the regulator of electricity sector, will hold the Energy Forum 2019 – a gathering of energy sector experts, private sector and government sector white collars to discuss ‘Policy Dialogue on the Impor


Unilever achieves 100% renewable electricity across five continents

Views - 21 Monday, 23 September 2019 00:09

Unilever last week announced that its factories, offices, R&D facilities, data centres, warehouses and distribution centres across five continents are now powered by 100% renewable grid electricity. As far as possible, Unilever’s transition to ren


Sri Lanka participates at 63rd Regular Session of IAEA’s General Conference

Views - 13 Monday, 23 September 2019 00:06

State Minister of Power and Energy Chamipika Premadasa led the Sri Lanka delegation to the 63rd Regular Session of the International Atomic Energy Agency’s (IAEA) General Conference. Minister Premadasa delivered the country statement at the plenary


New IFC study details environmental, economic, health costs of fossil-fuel generators

Views - 28 Monday, 23 September 2019 00:05

Fossil fuel burning back-up generators in developing countries produce as much power as 700-1,000 coal-fired power stations, consume up to $ 50 billion in fuel costs annually, and emit dangerous chemicals into homes and businesses, according to a rep


IKEA expects to exceed renewable energy goal by year’s end

Views - 12 Monday, 23 September 2019 00:04

STOCKHOLM, (REUTERS): Ingka Group, which owns most IKEA stores, will by year’s end exceed its 2020 target to produce as much renewable energy as the energy it consumes, Ingka Chief Executive Jesper Brodin said on Thursday. Ingka Group has spent 2.5


Pakistan gives green light to five LNG terminal plans

Views - 17 Monday, 23 September 2019 00:03

ISLAMABAD (REUTERS): Pakistan has given the go-ahead to five consortiums, including Exxon Mobil, Royal Dutch Shell and Mitsubishi, to progress with their liquefied natural gas (LNG) terminal plans, a minister told Reuters on Friday. The move comes on


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

Views - 79 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 - 105 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 - 82 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 - 106 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 - 75 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 - 54 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 - 54 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 - 59 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 - 54 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 - 62 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 - 134 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 - 124 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 - 67 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 - 128 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 - 87 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 - 176 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 - 86 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 - 87 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.


Today's Columnists

Why NPP for minorities and the nation?

Tuesday, 12 November 2019

The two minority communities, Tamils and Muslims, and their ethnic political parties are once again caught up in a dilemma in choosing one or the other of the two leading presidential candidates, Sajith and Gota. The Tamil parties drew a set of 13 d


Why NPP for minorities and the nation?

Tuesday, 12 November 2019

The two minority communities, Tamils and Muslims, and their ethnic political parties are once again caught up in a dilemma in choosing one or the other of the two leading presidential candidates, Sajith and Gota. The Tamil parties drew a set of 13 d


Corporate treasurers should make more use of derivatives to hedge risks

Monday, 11 November 2019

Humans have never liked the idea of uncertainty. More so, they did not like the idea of economic uncertainty. Hence, the need to hedge this uncertainty gave rise to the evolution of derivatives. Derivatives have been used by mankind for a very long


China’s rising giants

Monday, 11 November 2019

China’s evolution into a global powerhouse with the world’s second largest economy is a familiar story. Less well-known though is the tremendous growth of the nation’s state-sponsored aviation sector, which now has a global reach. Serving the w


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