CAT unveils high-tech solar solutions in Sri Lanka

Views - 1604 Monday, 10 October 2016 00:01

By Devin Jayasundera In light of the Government aggressively promoting solar energy in the country, Caterpillar Inc. (CAT), in partnership with local distributor UTE, unveiled its new state-of-the-art solar panels to the Sri Lankan market. 

LNG prices rise to highest in nine months on firm Asian demand

Views - 553 Monday, 10 October 2016 00:01

SINGAPORE (Reuters): Asian liquefied natural gas (LNG) gas prices reached a nine-month high this week as demand from India, Japan and South Korea underpinned sentiment. LNG for November delivery were about $6.20 per million British thermal units

Aussie wave energy developer Carnegie expands renewables in SL with Lanka Energy Conservation

Views - 697 Tuesday, 4 October 2016 00:01

Leading wave energy developer, Carnegie Wave Energy Ltd., is expanding its commercial wave and microgrid projects into Sri Lanka through the signing of a Memorandum of Understanding (MOU) in Colombo today, with the Lanka Energy Conservation Ltd.

Solar energy pioneers Admo Solar takes a major step forward

Views - 599 Friday, 30 September 2016 00:01

With the growth of solar power generation in the country and in keeping with the Government’s vision of generating 200 MW of electricity and powering one million houses through the latest Solar Net Accounting System, Admo Solar recorded a mi

M&S Enterprises powers Musaeus College with a 261kW solar PV system

Views - 1114 Friday, 30 September 2016 00:01

M&S Enterprises with its peerless technology and customer service reliability has established itself as the leading commercial solar solution provider in Sri Lanka now having installed over 500kW of commercial solar installations and

Jinasena launches solar solutions for domestic and industrial markets

Views - 960 Friday, 30 September 2016 00:01

Jinasena Ltd., one of the leading water management systems and solutions providers in Sri Lanka, has expanded business operations in Sri Lanka by venturing into domestic and industrial solar solutions under its ‘Renewable Energy Se

How to improve energy efficiency of buildings and industrial facilities

Views - 481 Friday, 30 September 2016 00:01

A public lecture titled ‘A Systematic Approach for Improving Energy Efficiency of Buildings and Industrial Facilities’ organised by The Institute of Engineers Sri Lanka (IESL) was held recently at the IESL auditorium in Colombo. 

Oil takes breather from losses but oversupply concerns remain

Views - 678 Wednesday, 3 August 2016 00:00

Reuters: Oil edged higher on Tuesday after falling by up to 10% in just one week, but investors remained concerned about oversupply weighing on prices. Global benchmark Brent crude was trading up 49 cents at $42.63 a barrel at 1031 GMT.

Govt. to revamp, double refinery capacity - Chandima

Views - 734 Wednesday, 3 August 2016 00:00

 Reuters: Sri Lanka plans to upgrade its sole oil refinery and double its capacity to boost output and to reduce the cost of importing refined fuels, the country’s Petroleum Resources Minister Chandima Weerakkody said on Monday. The

Oil traders lose millions as LPG glut shocks market

Views - 725 Tuesday, 26 July 2016 00:06

Reuters: Traders in the liquefied petroleum gas (LPG) market face a “career-ruining” glut that has led to millions of dollars in losses as Chinese buyers, far from coming to the rescue, are in a stand-off with oil companies to cancel d

The oil industry is losing the burn of Asian demand

Views - 691 Tuesday, 26 July 2016 00:03

Asia’s stalling economic growth feeding into lower oil demand Asian tanker crude imports have fallen for 4 straight months Demand stalling in many mature and leading emerging markets Analysts think China’

Coal prices bounce back this year, but not for good

Views - 758 Tuesday, 26 July 2016 00:02

Thermal coal prices on the up after years of decline Rally seen lasting into next year Overall global demand still falling LONDON (Reuters): A rally in thermal coal prices over the past few months, after years of d

New Philippine energy minister says cannot afford to ditch coal

Views - 856 Tuesday, 26 July 2016 00:01

MANILA  (Reuters): The Philippines will retain coal as a core part of its electricity generation mix due to its dependability, though it will seek to boost the use of cleaner fuels and renewable energy, the country’s energy minister sai

Global Resources introduces Sri Lanka’s first-ever remote controlled LED Bulb

Views - 1162 Tuesday, 28 June 2016 00:03

A creative innovation made in Sri Lanka Global Resources International Ltd. clinches a Sri Lankan first with the introduction of Sri Lanka’s first ever Smart Switch LED Bulb, a modern electronic accessory that offers consumers t

Dutch inventor aims to harness the waves to clean up the seas

Views - 703 Tuesday, 28 June 2016 00:02

AFP: The Dutch inventor of a ground-breaking project to remove millions of tonnes of plastics floating in ‘great garbage patches’ in the oceans Wednesday unveiled his first prototype to help clean up the seas. Boyan Slat’s inno

Oil prices fall as Brexit lingers, refined products glut looms

Views - 668 Tuesday, 28 June 2016 00:01

Reuters: Oil prices dropped on Monday, extending sharp declines after Britain’s vote to leave the European Union sparked a sharp selloff in global markets on Friday. Global financial markets plunged on Friday as results from a referendum d

ADMO Solar’s vision to deliver flexible power solutions catering to cross sector needs

Views - 883 Wednesday, 15 June 2016 00:00

  ADMO Solar, the renewable energy division of Vinseth Engineering commenced business in 2006 providing a wide spectrum of solar energy products specialising in supplying and installing of solar energy systems which

Renewable energy to attract two-thirds of power plant investments

Views - 936 Wednesday, 15 June 2016 00:00

  Reuters: Renewable energy sources such as wind and solar will attract two-thirds of all investment in power-generating plants between 2016 and 2040 in spite of persistently cheap coal and gas prices, a new report has found.

CHINT Power Projects establishes global presence among stakeholders

Views - 850 Wednesday, 15 June 2016 00:00

  CHINT Power Projects Ltd, the Sole Agents in Sri Lanka for world renowned “CHINT” brand electrical items was successful in establishing its global presence to a well attended gathering of Electrical Consultants,

People’s Bank unleashes visionary solar power loan scheme to benefit environment

Views - 956 Wednesday, 15 June 2016 00:00

People’s Bank has launched a solar power loan scheme to promote the use of solar energy as part of its drive towards being a carbon conscious bank. Launched on World Environment Day which falls on 5 June, People’s Bank now offers the s

OPEC sees oil glut shrinking in second half of year

Views - 746 Wednesday, 15 June 2016 00:00

Reuters: OPEC forecast that the world oil market will be more balanced in the second half of 2016 as outages in Nigeria and Canada help to speed up the erosion of a supply glut. The Organization of the Petroleum Exporting Countries said its oil

IEA sees global oil market returning to surplus in early 2017

Views - 694 Wednesday, 15 June 2016 00:00

LONDON (Reuters): Oil supply and demand will balance in the second half of 2016 after a series of unplanned production outages, but the market is expected to tilt into surplus in the first half of next year, the International Energy Agency said on

SL energy supply inadequate, unstable

Views - 1117 Monday, 9 May 2016 00:00

From left: Environmental Sustainability Mas Intimates General Manager Dr. Vidhura Ralapanawa, Ministry of Power and Renewable Energy Secretary Dr. B. M. S. Batagoda, Sri Lanka Petroleum Resources Development Secretariat Director General Saliya Wic

Malaysian firm Hyrax Oil signs deal to build lubricant plant in SL

Views - 933 Monday, 9 May 2016 00:00

A Malaysian manufacturer of petroleum derivatives with a vast customer base worldwide will be investing $ 30 million to establish a lubricant manufacturing plant in Sri Lanka. Hyrax Oil, which produces lubricants for various applications includi

Schneider Electric shares knowledge on modern ‘smart distribution networks’ with CEB

Views - 819 Wednesday, 23 March 2016 00:00

Supporting the Ceylon Electricity Board (CEB) in its efforts to upgrade and modernise the country’s electricity distribution networks using latest technology, Schneider Electric, a global leader in energy management solutions, shared its ext

Gamesa bags maiden solar order in SL from Laugfs

Views - 786 Wednesday, 23 March 2016 00:00

Gamesa, a global leader in renewable energy, has won a new solar order from the industrial conglomerate Laugfs Power Ltd., in Sri Lanka.  This order entails delivering 20 MW of solar power in Hambantota, in the Southern Province of Sri Lank

Sri Lanka hosts All India Industrial Gases Manufacturer’s Association annual meeting

Views - 914 Wednesday, 23 March 2016 00:00

  Many industrial gas companies from India gathered at All India Industrial Gases Manufacturer’s Association (AIIGMA) 38th annual meeting, with Finance Minister of Sri Lanka Ravi Karunanayake officially opening the conf

Oil falls back after jumping on hopes of Russia, OPEC cooperation

Views - 649 Friday, 29 January 2016 00:00

Reuters: US crude futures dropped more than 1% in Asian trading on Thursday, paring gains of nearly 3% made in the previous session after Russia held out the possibility of cooperating with OPEC to control global oversupply. But falls were curbe

Ceylon Chamber supports Sustainable Energy Authority

Views - 595 Friday, 29 January 2016 00:00

Ceylon Chamber of Commerce, the country’s premier business chamber will conduct a seminar on Sustainable Biomass Energy Production and Modern Bio Technologies in a bid to help the Government’s drive towards increasing the production of

Sampath Bank goes green with solar energy system at Colombo Super Branch in Dharmapala Mawatha

Views - 868 Friday, 29 January 2016 00:00

  In line with one of its core CSR pillars, ‘Environment Protection and Conservation’, Sampath Bank, renowned as a Responsible Corporate Citizen, installed its first solar energy system at the Sampath Bank Colom

Today's Columnists

Is Sri Lanka ready for the 2025 growth agenda?

Tuesday, 19 September 2017

The other day the President and Prime Minister launched the 2025 vision for Sri Lanka which was incidentally the third policy statement of the Government since coming to power in 2015. My view is that the continuous changes to policy is important and

Venerable villainy of mercenary monks

Tuesday, 19 September 2017

The picture says it all. The ‘Silredi Sirakaruwan Mudaganime Aramudala’ was not demonstration of piety. It was a bold repudiation of the rule of law by a cabal of venerable villains, brazenly insisting that we Sinhala Buddhists submit to a rule b

Government has accepted jurisdiction of the International Court of Justice over Sri Lanka

Tuesday, 19 September 2017

At the ongoing September 2017 sessions of the UN Human Rights Council, the UK has written to the President of the Council to assert that a long standing dispute it has with the Mauritius cannot be referred to the International Court of Justice becaus

Vision 2025: Part 1: Need for moving from a wish list to a concrete plan

Monday, 18 September 2017

The Unity Government released its newest economic policy statement titled V2025 – the marketing tag for the goals it has set for realisation from 2017 to 2025 – two weeks ago.

Columnists More