Energy

CPC to venture into bulk bitumen next month

Views - 241 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 - 59 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 - 15 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 - 18 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 - 35 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 - 15 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 - 211 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 - 39 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 - 28 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 - 15 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 - 22 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 - 12 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 - 130 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 - 24 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 - 68 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 - 20 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 - 20 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 - 43 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.


Extensive overhauls at CPC’s Sapugaksanda Oil Refinery to enhance national energy supply

Views - 132 Thursday, 19 April 2018 00:00

The Ceylon Petroleum Corporation’s (CPC) Sapugaskanda Oil Refinery successfully completed a colossal 35-day overhaul and renovation program recently, aimed to boost efficiency, reliability and productivity of the refinery.


Oil breaks above $ 72 as supply concerns build

Views - 15 Thursday, 19 April 2018 00:00

London (Reuters): Oil prices extended gains yesterday (18 April), lifted by a reported decline in US crude inventories and the risk of supply disruptions. Brent crude oil futures rose 87 cents to $ 72.45 a barrel by 11:43 GMT, while US WTI crude futu


Nuclear technology for development

Views - 86 Wednesday, 4 April 2018 00:00

International Atomic Energy Agency (IAEA) Director General Yukiya Amano during a recent visit to Sri Lanka


Govt. to crack down on fuel stations selling subsidised kerosene

Views - 27 Friday, 23 March 2018 00:00

Petroleum Resources Development Minister Arjuna Ranatunga yesterday warned of revoking the licences of fuel stations


Mannar wind power: Start of large scale grid integration

Views - 348 Friday, 23 March 2018 00:00

“Glorious history, unique geography and abundant nature ...” – Dr. Rohan Pethiyagoda on the Mannar heritage.


Oil loses ground as rising US output threatens to disrupt tightening market

Views - 17 Friday, 23 March 2018 00:00

SINGAPORE (Reuters): Oil prices gave up earlier gains as the relentless rise in U.S. crude production threatens to undermine


World’s largest single-site Concentrated Solar Power project

Views - 40 Friday, 23 March 2018 00:00

A view shows the Mohammed bin Rashid Al Maktoum Solar Park,


JLanka seminar on ‘Investing in a Clean Future’ sheds much needed light on future of solar in Sri La

Views - 45 Friday, 23 March 2018 00:00

JLanka Technologies, Sri Lanka’s leading solar solutions provider facilitated a seminar titled ‘Investing in a Clean Future


Investing in a clean future: ground-mounted solar PV power plants

Views - 174 Thursday, 8 March 2018 00:00

Solar power is the most abundant renewable energy source available on earth. Given the country’s close proximity to the equator, Sri Lanka is ideally situated to benefit from this gift of nature. While the cost of investment in setting up solar pow


Chevron says its business is resilient to climate change

Views - 25 Monday, 5 March 2018 00:08

Reuters - Chevron Corp said last week its business is resilient to a wide variety of possible climate change scenarios as the U.S. oil company and other producers come under pressure to invest less in oil projects and more in renewable energy. The cl


GE to develop world’s largest wind turbine in France

Views - 33 Monday, 5 March 2018 00:07

PARIS (Reuters) - General Electric plans to invest more than $400 million over the next three to five years to develop the world’s biggest offshore wind turbine, which will have a capacity of 12 megawatts and stand 260 metres (853 feet) tall. With


NDB Solar Vantage assists households to switch to solar energy

Views - 63 Monday, 5 March 2018 00:06

Many households have decided to opt for solar energy to power up their homes as it is a more cost efficient method to save fuel and energy in the long term. With this in mind, ‘NDB Solar Vantage’ has stepped up as the foremost solution that enabl


Today's Columnists

Accessibility at buildings and places – Indispensable need to enjoy civil rights

Wednesday, 26 September 2018

Have you not yet realised that the chances are now very high that at any stage or any moment in life, for a short time or for a long time, for different reasons, you or your loved ones could experience physical and/or sensory impediments, and fall in


Over-tourism: The new buzz word in tourism

Wednesday, 26 September 2018

Periodically the tourism industry is in the habit of coming up with some interesting name to describe a new emerging trend or situation in the industry. Sometimes the phenomena is not new, but has become relevant and topical enough to ‘package’ a


Depreciation of the rupee and Sri Lanka’s dilemma

Wednesday, 26 September 2018

The rupee depreciated by Rs. 29 from 2005 to 2014 and the average year-on-year depreciation of the Sri Lankan rupee was 2.8% per year. Official foreign reserves increased from $ 2.7 billion to $ 8.2 billion over the same period. In stark contrast, th


Laurels of ‘Living Together’: Refreshing reflections

Tuesday, 25 September 2018

It was a memorable evening with a mega gathering for a meaningfully different reason. It was not just another book launch with ego-boosting speeches about the author. It was also not an event where a popular politician coming late and preaching about


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