National Economic Council receives JICA Electricity Master Plan Study

Views - 46 Thursday, 12 July 2018 00:21

On 10 July, a presentation on the final report of ‘The Project on Electricity Sector Master Plan Study’ was held at the National Economic Council (NEC) chaired by President Maithripala Sirisena. The key Ministers in the cabinet, including the Min

MAS Holdings mount solar panels across its manufacturing plants in Sri Lanka

Views - 53 Thursday, 12 July 2018 00:19

MAS Holdings Ltd., the region’s number one design to delivery apparel and textile solutions provider, recently announced the launch of its pioneering renewable energy drive Photon. Implemented in line with the group’s key environmental goals, Pho

Lanka IOC’s XtraPremium 95 Petrol, Lanka Super Diesel now Euro 4 standard

Views - 42 Tuesday, 3 July 2018 00:00

In line with Government directive, Lanka IOC has made available Euro 4 emission standard fuels XtraPremium 95 Petrol (Euro 4) & Lanka Super Diesel (Euro 4) through its island wide retail network with effect from 2nd July 2018. As a responsible petr

CPC introduces environment-friendly low-emission Euro 4 fuel

Views - 29 Tuesday, 3 July 2018 00:00

Ceylon Petroleum Corporation (CPC) yesterday launched European Emission Standard Euro 4fuel. The introduction of Euro 4 fuel to the local energy sector will propel the Government’s vision to transform its core energy products to meet the European E

Asia fuel oil margins to be supported through mid-year on strong demand

Views - 14 Monday, 18 June 2018 00:00

SINGAPORE (Reuters): Asian refining margins for fuel oil are set to hold near their current strong levels through the summer as increased use of the fuel by utilities to power air conditioners for cooling and disruptions to trade flows shrink global

Coal prices boosted by rare simultaneous demand from Asia’s top buyers: Russell

Views - 33 Monday, 18 June 2018 00:00

LAUNCESTON, Australia (Reuters): Coal prices in Asia are being driven to multi-year highs by a rare combination of simultaneous demand growth in the region’s top four importers.

Pope warns energy bosses of global destruction without fuel shift

Views - 13 Monday, 18 June 2018 00:00

Vatican City (Reuters): Pope Francis warned that climate change risked destroying humanity on Saturday (9 June) and called on energy leaders to help the world to convert to clean fuels to avert catastrophe.

Global oil demand to grow steadily in 2019 but trade risks loom: IEA

Views - 9 Monday, 18 June 2018 00:00

London (Reuters): Oil demand will grow steadily in 2019 thanks to a solid global economy and stable prices, although trade tensions remain the largest risk, the International Energy Agency said yesterday.

Sri Lanka should not go for any more coal-powered electricity generation

Views - 33 Monday, 18 June 2018 00:00

In an article published in a Sunday newspaper of 7 January, the Citizens’ Movement for Good Governance (CIMOGG), employing a minimum of technical language, set out several compelling reasons why coal-powered electricity generation is wrong for Sri

Asia oil thirst tab $1 trillion a year as crude rises to $80

Views - 24 Wednesday, 23 May 2018 00:00

SINGAPORE/MUMBAI/MANILA (Reuters): Oil prices are poised to break through $80 per barrel and Asia’s demand is at a record

Expected LNG surplus evaporates, scramble for new projects looms

Views - 34 Wednesday, 23 May 2018 00:00

ADELAIDE (Reuters): Liquefied natural gas (LNG) producers around the globe are once again considering new investments

South Asian practitioners learn from Korea’s successful experience in energy efficiency

Views - 22 Wednesday, 23 May 2018 00:00 : Energy efficiency is emerging as one of the most viable options for climate change mitigation in South Asia,

CPC to venture into bulk bitumen next month

Views - 228 Wednesday, 16 May 2018 00:00

State-run Ceylon Petroleum Corporation (CPC) will venture into supplying bulk bitumen from next month and has the capacity to cater to 50% of country’s demand, a top official confirmed.

Fuel subsidy is only for kerosene: Finance Ministry

Views - 52 Wednesday, 16 May 2018 00:00

The Ministry of Finance yesterday said that the fuel subsidy was only for kerosene given to low-income families and fishermen and there would be no subsidy for petrol or diesel.

No one can assure stable oil prices, says UAE energy minister

Views - 12 Tuesday, 15 May 2018 00:00

Reuters: No one can assure the stability of oil price, what we are concerned about is to ensure there is enough supply to satisfy the demand in future, said the energy minister of United Arab Emirates (UAE), Suhail Al-Mazroui, on Sunday (May 13) in A

Relief for Indian solar producers as government reneges on import duty

Views - 15 Tuesday, 15 May 2018 00:00

NEW DELHI (Reuters) - India has scrapped a duty on solar modules, making it easier to import the products after a sudden change in customs policy last year led to a logjam of shipments at Indian ports. Several consignments of solar modules, worth mor

California becomes first US state to require solar panels on new homes

Views - 29 Tuesday, 15 May 2018 00:00

NEW YORK/LOS ANGELES (Thomson Reuters Foundation) - Builders in California will be required to fit solar panels on most new homes from 2020 under new building standards adopted last week, a move that is the first in the United States and could provi

Asia coal industry sees blue skies, ignores storm clouds

Views - 13 Tuesday, 15 May 2018 00:00

NUSA DUA, Indonesia (Reuters) - Asia’s coal miners, shippers and traders are seeing strong demand and rising prices for their fuel, and they expect this happy situation to persist for several years to come. It was a challenge to find anybody pessi

Experts call for concentration on clean energy technology

Views - 195 Tuesday, 15 May 2018 00:00

By Shannon Jayawardena Sri Lanka has an absolute need to concentrate on clean energy technology as it is crucial for the overall development of the country, highlighted the recently held clean energy seminar while focusing on solar PV, wind, hydrogen

Vietnam building more power plants as economic growth accelerates

Views - 31 Tuesday, 1 May 2018 00:00

Hanoi (Reuters) - PetroVietnam Power Corp, or PV Power, has been granted government approval to build two gas-fired power plants in southern Vietnam at a total cost of nearly $ 1.5 billion, its parent company said on Thursday. The Southeast Asian cou

General Electric to trial world’s largest wind turbine in Britain

Views - 26 Tuesday, 1 May 2018 00:00

London (Reuters): US conglomerate General Electric will test the world’s largest wind turbine in a facility in northeast England, it said. GE Renewable Energy, the renewable arm of the US firm, and the British government-funded Offshore Renewable E

Lockheed says ‘flow’ battery will boost use of renewable power

Views - 12 Tuesday, 1 May 2018 00:00

Washington (Reuters): Lockheed Martin Corp hopes to launch a new “flow” battery made of inexpensive, non-toxic materials that can help utilities save money and use more renewable energy, company officials said. “You open up a chance not only to

Strong LNG demand, led by Asia, may be able to absorb new supply

Views - 20 Tuesday, 1 May 2018 00:00

Singapore (Reuters): Last year’s strong demand for liquefied natural gas (LNG), led by Asia’s major economies, is expected to continue this year and should absorb some of the new supply coming onstream, industry executives said at a conference on

Global wind capacity to rise by more than half in next five years

Views - 10 Tuesday, 1 May 2018 00:00

London (Reuters): Global wind energy capacity could increase by more than half over the next five years, as costs continue to fall and the market returns to growth at the end of this decade, a report by the Global Wind Energy Council shows. In its an

SL targets 60% renewable energy by 2030

Views - 85 Wednesday, 25 April 2018 09:00

The Government, which is to embark on an ambitious plan to have a 60% energy mix entirely from renewable energy sources by 2030, has sought the assistance of the German government to find investors and overcome technical obstacles to renewable energy

China coal imports tumble on new rules, India yet to take up the slack: Russell

Views - 20 Wednesday, 25 April 2018 00:00

Launceston, Australia (Reuters): China’s decision to impose fresh restrictions on imports of coal at some ports appears to have caused a sharp fall in inbound shipments of the polluting fuel.

Foreign Minister attends Berlin Energy Transition Dialogue

Views - 61 Wednesday, 25 April 2018 00:00

Minister of Foreign Affairs Tilak Marapana attended the Berlin Energy Transition Dialogue (BETD), which commenced under

Panama Canal to carry 30 m tonnes of LNG by 2020 as global demand grows

Views - 17 Wednesday, 25 April 2018 00:00

TOKYO (Reuters): The Panama Canal may carry five times as much liquefied natural gas (LNG) in 2020 as it did last year as production

Oil tops $75, highest since 2014 OPEC meeting that led to pump war

Views - 17 Wednesday, 25 April 2018 00:00

LONDON (Reuters) - Oil rose on Tuesday above $75 a barrel to its highest since November 2014, supported by OPEC-led

Resus Energy gears to feed more power to national grid

Views - 36 Thursday, 19 April 2018 00:47

Hydro electricity is the oldest and the principal source of electricity generation in Sri Lanka. Its unique geography renders the country perfectly suited for hydropower generation through large scale and mini hydropower plants.

Today's Columnists

No other country can better understand the preciousness of free trade than SL

Thursday, 19 July 2018

The year 2018 marks the 40th anniversary of China’s reform and opening-up and also the 17th anniversary of China’ accession to the World Trade Organization (WTO). In 2001, China acceded to the WTO, which marked a new historic stage of reform and

Development of national housing and Employees’ Provident Fund

Thursday, 19 July 2018

‘Singapore’ has become a buzzword in the media circles today. Media speak is centred round many issues. Extradition of the fugitive Central Bank Governor appointed to the post on a recommendation by our PM, now missing and reportedly taken refuge

Sri Lanka stepping up its pursuit of trade-led growth

Wednesday, 18 July 2018

“We were a trading nation since the era of ancient kings,” Prime Minister Ranil Wickremesinghe reminded Parliament

To hang or not to hang!

Tuesday, 17 July 2018

President Maithripala Sirisena dropped a bombshell out of the blues last week, sans all ‘maître’ (loving-kindness) when he launched a coup de main on drug offenders. He threatened to use his powers to place his signature to execute the death sen

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