Energy

IEA raises forecast for global oil demand this year

Views - 511 Wednesday, 19 July 2017 00:00

AFP: Global demand for oil will be slightly higher than expected this year, driven by increased consumption in India, the US and Germany, the International Energy Agency (IEA) has predicted.  “Estimates of global oil product demand gr


Electricity investment overtakes oil, gas for first time ever in 2016: IEA

Views - 510 Wednesday, 19 July 2017 00:00

PARIS (Reuters): Investments in electricity surpassed those in oil and gas for the first time ever in 2016 on a spending splurge on renewable energy and power grids as the fall in crude prices led to deep cuts, the International Energy Agency (IEA


China backs hundreds of global coal power projects: German report

Views - 540 Wednesday, 19 July 2017 00:00

AFP: Chinese companies are planning or constructing hundreds of coal-fired power projects around the world, data show, even as Beijing talks up its commitment to fighting climate change. The report by German environmental lobby group Urgewald co


Environmental Foundation, Wildlife & Nature Protection Society respond to Small Hydropower Associati

Views - 1088 Friday, 16 June 2017 00:00

The Environmental Foundation and Wildlife and Nature Protection Society said that the Small Hydropower Association had “attempted to falsify the destructive nature of the industry by denying any impacts, distorting facts and deliberately mis


Advantis Projects bridges logistics gap for Sri Lanka’s energy growth

Views - 903 Friday, 16 June 2017 00:00

As a nation focused on development and in the midst of transitioning from a lower middle income country to an upper middle income country it is no surprise that Sri Lanka is facing a rise in demand for electricity.  With ambitious goals and


Here comes the sun: Investors increasingly hot on solar projects in S.E. Asia

Views - 930 Friday, 16 June 2017 00:00

Reuters: Investors are increasingly excited about the prospects for much faster growth in the solar power industry in Southeast Asia, which has until now been a backwater for renewable energy. They say that the region is in a perfect position to


Small hydropower industry debunks negative theories

Views - 1119 Tuesday, 30 May 2017 00:01

Deforestation and impact on aquatic life negligible  Compliance among industry uncompromising Ganthuna Mini Hydropower Plant, Kegalla District    Sri Lanka’s small hyd


Sri Lanka plans to add 8361MW to national grid in 20 years require $ 14.5 b investment

Views - 1142 Thursday, 18 May 2017 00:10

Sri Lanka requires over $ 14.5 billion to implement the least cost long term power generation plan for the next 20 years, the electricity sector regulator, Public Utilities Commission of Sri Lanka (PUCSL) said in a statement.  The State pow


Govt. to provide 1 m LED bulbs to low income consumers to reduce power consumption

Views - 1027 Thursday, 18 May 2017 00:00

  The Government has received the cabinet approval to launch a program to provide LED light bulbs to low income consumers, who cannot afford to purchase the energy efficient light bulbs. The Government has been paying more


Global oil discoveries fell to historic lows in 2016

Views - 944 Thursday, 18 May 2017 00:00

Global oil discoveries fell to a record low in 2016 as companies continued to cut spending and conventional oil projects sanctioned were at the lowest level in more than 70 years, according to the International Energy Agency, which warned that bot


Global power investment to top $ 443 b in 2017

Views - 1043 Thursday, 18 May 2017 00:00

Continued regulatory support for renewable energy in key markets will see global power investment reach $ 443.5 billion in 2017, a report said. Increased decentralisation, the need to decarbonise electricity generation, and digitisation to boost


Coal market oversupply risks grow as producers boost output

Views - 999 Thursday, 18 May 2017 00:00

NUSA DUA, Indonesia (Reuters): There is an increasing risk of oversupply in the global coal market as producers respond to higher prices, though power demand in countries such as Indonesia may absorb some extra output, producers and analysts said


President opens Tokyo Cement’s second Biomass Power Plant in Trincomalee

Views - 1338 Wednesday, 17 May 2017 00:00

  Initiative marks commemoration of Company founder Late Deshamanya A.Y.S. Gnanam President Maithripala Sirisena ceremoniously inaugurated Tokyo Cement’s second Biomass Power Plant in Trincomalee on 5 Ma


China, India surpass US as most attractive renewables markets: Report

Views - 800 Wednesday, 17 May 2017 00:00

Reuters: China and India have surpassed the United States to become the two most attractive countries for renewable energy investment, a report by UK accountancy firm Ernst & Young showed on Tuesday. In an annual ranking of the top 40 renewa


Coal to be India’s energy mainstay for next 30 years: NITI Aayog report

Views - 841 Wednesday, 17 May 2017 00:00

Reuters: Coal will remain India’s main energy source for the next three decades although its share will gradually fall as the country pushes renewable power generation, according to a government report seen by Reuters. The country is the w


A clean Sri Lanka starts at home

Views - 1307 Friday, 5 May 2017 00:10

By  Asnah Anver In the wake of the recent Meethotamulla garbage dump collapse and the resultant public outcry, a new initiative to promote environmentally friendly garbage disposal practices at home was kick-started last week.   The


A viable concept and a solution for mitigating the garbage issue

Views - 935 Friday, 5 May 2017 00:00

The pressing issue of garbage dumping and the issues that coexist with it cannot be conveniently put aside and forgotten as all of us are partakers of this issue and have indirectly contributed to the catastrophic consequences. It is profoundly fe


Janathakshan and Czech Republic’s People In Need look at way forward in up-scaling biogas technology

Views - 839 Friday, 5 May 2017 00:00

Janathakshan (Gte) Ltd. and People In Need (Czech Republic) held their last project workshop ‘Up-scaling Biogas – the Way Forward’ at Waters Edge, Battaramulla through the EU SWITCH-Asia Initiative Up-scaling Biogas Technology fo


ADB shares broad-based vision to secure water in Asia

Views - 720 Friday, 5 May 2017 00:00

By Charumini de Silva in Yokohama, Japan The Asian Development Bank (ADB) on Wednesday shared a broad-based vision to secure water in the Asia Pacific with a commitment of $4.2 billion for 2017, calling on all countries for long-term ecosystems-


Placing gas at the centre of Sri Lanka’s energy blueprint

Views - 2846 Tuesday, 14 March 2017 00:00

By Deepesh Nanda Any international traveller to Sri Lanka is enthralled by its natural beauty and hospitable people. Preserving its pristine environment is, and should remain, a priority for its government and citizens. At the same time, providi


Fairway selected to turn waste into energy

Views - 993 Tuesday, 14 March 2017 00:00

  Given the rapidly-escalating problems surrounding the management of municipal solid waste (MSW) especially in the Western Province, the Government has seen fit to adopt a “waste-to-energy” approach in order to e


Govt. pledges uninterruptable electricity supply

Views - 927 Wednesday, 22 February 2017 00:00

Power and Renewable Energy Minister Ranjith Siyambalapitiya    Power and Renewable Energy Minister Ranjith Siyambalapitiya has promised that the Government will continue an uninterruptable electricity supply even though t


‘Kelani Hybrid Bulb’ with 2,000 hours lifetime enters local market

Views - 1060 Wednesday, 22 February 2017 00:00

Kelani Cables PLC has launched its newest product, ‘Kelani Hybrid Bulb’ that has the endurance to be alight for 2,000 hours non-stop. The significance of this product is the ability to function even if something happens to the outer co


Successful completion of Association of Provincial Biogas Programmes inaugural meeting

Views - 848 Wednesday, 22 February 2017 00:00

Janathakshan (Gte) Ltd. and People In Need, (Czech Republic) in collaboration with the Department of Local Government North Western Province successfully completed the first of the two-day meeting dedicated towards the creation of the Association


In race to clean energy, emerging nations seize bigger role: World Bank

Views - 724 Wednesday, 22 February 2017 00:00

LONDON(Thomson Reuters Foundation): A range of developing countries have emerged as leaders in a global race to switch to sustainable energy by 2030, by boosting their policies to help improve people’s access to reliable, affordable and clea


Pan Asia Bank’s Solar Loan Scheme, an ideal way to get ‘0’ cost electricity

Views - 842 Wednesday, 22 February 2017 00:00

Pan Asia Bank’s Solar Loan Scheme provides financing to customers to purchase solar energy systems, enabling them to generate their own electricity and be free from electricity bills and contribute to reduce global warming. Solar energy sy


Global oil, gas discoveries drop to 70-year low: Rystad Energy

Views - 834 Wednesday, 25 January 2017 00:00

  Oil and gas discoveries drop to 6 b barrels in 2016 Companies’ reserves replacement ratio drops to 10% London (Reuters): Oil and gas discoveries around the wor


Energy Management System (ISO 50001) could influence upto 60% of the world energy use

Views - 1488 Wednesday, 25 January 2017 00:00

At a time the country is going through a potential energy crisis the available measures to conserve energy conservation needclose examination. The energy management system ISO 50001:2011 (EnMS) outlines the requirements of an EnMS and it is estima


Sir Robert Watson on tackling global warming and role of biz

Views - 2000 Wednesday, 18 January 2017 00:05

By Madushka Balasuriya When Sir Robert Watson, knighted for his groundbreaking work in helping synthesise scientific knowledge concerning a hole in the stratospheric ozone layer above Antarctica, decided to leave the cold British winter


USDA analysis says corn-based ethanol’s environmental benefits better than forecast

Views - 680 Wednesday, 18 January 2017 00:00

New York (Reuters): The US Government on Thursday said that ethanol made from corn is better for the environment than previously expected in a report boosting the country’s biggest biofuel a week ahead of a new administration that has some i


Today's Columnists

New Year resolution: Attaining financial freedom in 2019!

Thursday, 24 January 2019

It is that time of the year when everyone, young and old is journaling their new-year resolutions, and reflecting on the past year. You might be disappointed if you are carrying forward a few resolutions from the past years. You could be thinking, wh


10-year challenge: Has Sri Lanka made progress in last decade to become financially-literate?

Thursday, 24 January 2019

The ’10-Year Challenge,’ Facebook’s latest social media phenomenon has taken the internet by a storm. People are posting a picture from 10 years ago alongside their current profile picture or some other photograph and the transformation through


Catwalk beyond 400 PPM – Consuming towards disaster!

Thursday, 24 January 2019

Catwalks sizzle! What’s on the catwalk – the skin, the silk, lycra parading endlessly broadcast to the world whatever new and popular in clothing and accessories and it also communicates desirable dimensions too in a not-too-subtle manner. Knowi


Rolling back big government – The next big challenge

Thursday, 24 January 2019

Preliminary estimates in the 2019 Budget to be presented on 5 March this year include an income of 2.5 trillion and a debt service requirements of a whopping 2.2 trillion, leaving only a net income of 0.3 trillion. As for expenditure, the Government


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