Oil prices rise as market eyes likely Fed rate cut

Views - 59 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 - 70 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 - 151 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 - 143 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 - 73 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 - 141 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 - 109 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 - 191 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 - 89 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 - 101 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 - 70 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 - 142 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 - 128 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 - 333 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 - 844 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 - 119 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 - 85 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 - 170 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 - 333 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 - 165 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 - 174 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 - 129 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.

Dialog and LECO to launch Sri Lanka’s first IoT based smart-grid solution

Views - 491 Thursday, 14 February 2019 02:03

Dialog Axiata PLC, Sri Lanka’s premier connectivity provider, Lanka Electricity Company (LECO) and the Ministry of Power and Renewable Energy announced the deployment of an innovative Internet of Things (IoT) enabled smart-grid solutionto introduce

OPEC oil production falls as S. Arabia slashes output

Views - 80 Thursday, 14 February 2019 02:02

PARIS, (AFP): Global oil cartel OPEC said Tuesday it sharply reduced crude oil production last month, after heavyweight Saudi Arabia slashed output and exports fell in crisis-hit Venezuela. In its monthly report, OPEC said it produced 797,000 fewer

Ambassador Thassim holds discussions with CEO of Saudi ARAMCO

Views - 113 Thursday, 14 February 2019 02:00

Sri Lanka’s Ambassador to Saudi Arabia Azmi Thassim met with Amin H. Nasser, the President and CEO of Saudi oil company ARAMCO, on 5 February in their headquarters. ARAMCO is the world’s largest oil company by revenue and manages Saudi Arabia’

Sri Lankan - based solar power company with facilitation of Embassy in Bahrain, invests $ 10 m

Views - 237 Wednesday, 30 January 2019 00:29

Sri Lankan based JLanka International, a leading solar and renewal energy technology solutions provider in South Asia, has been chosen by the Government of the Kingdom of Bahrain to commission the Sustainable Energy Unit (SEU) under the stewardship a

Coal exit positive signal, German power prices need not surge – Minister

Views - 84 Wednesday, 30 January 2019 00:28

BERLIN (Reuters): German Environment Minister Svenja Schulze said exiting coal as an energy source would send a positive signal internationally, and need not necessarily drive German energy prices higher.

McPeak Lanka and iHandal Energy Solutions target greener future

Views - 174 Wednesday, 30 January 2019 00:15

With the world actively taking measures to ensure a sustainable future, it’s no longer about just achieving your company’s bottom line. Today, it’s about the growth of your company, the development of your community and the hope for a sustainab

Germany to phase out coal by 2038 in move away from fossil fuels

Views - 83 Wednesday, 30 January 2019 00:03

Germany should shut down all of its coal-fired power plants by 2038 at the latest, a government-appointed commission said on Saturday, proposing at least 40 billion euros ($45.7 billion) in aid to regions affected by the phase-out.

Bangladesh scraps 15-year LNG supply deal with Swiss trader

Views - 105 Wednesday, 30 January 2019 00:00

Bangladesh has scrapped a liquefied natural gas (LNG) supply deal with Swiss energy trader AOT Energy, which had been close to being finalised, an official said on Friday.

Today's Columnists

Jothipala A unique playback singer who sang to joy, emotion and grief

Saturday, 29 February 2020

“Poruthukeesi Karaya, Ratawal Allanna Sooraya,” the lilting Baila song from ‘Sandesaya’ was the first Sinhala film song that I became immensely fond of as a little boy. I did not see the film ‘Sandesaya’ when it was first released in 196

For the love of my motherland Sri Lanka

Saturday, 29 February 2020

It is Monday 25 February 2020 as I hunt-and-peck my computer keyboard at Colombo International Airport Terminal 12 awaiting my flight to New York with my wife to attend a family funeral. I had been catching up on yester

China’s virus shutdown will hurt growth abroad

Friday, 28 February 2020

Many affluent Chinese fearful of being infected by the coronavirus and being quarantined by the State are staying home. Many companies and countries around the world are linked to the Chinese economy, which is likely to have far-reaching consequences

The reality of the system

Friday, 28 February 2020

The whole system of the country which has been crumbling is now on the verge of near collapse. The political regime, bureaucracy, intellectuals and the society in general did not have a sufficiently developed political imagination to understand the n

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