Energy

Sri Lankan power giant LTL Holdings reaches the pinnacle again

Views - 73 Wednesday, 20 December 2017 00:00

Having commenced operations with an investment of Rs. 8.5 million to manufacture transformers, LTL Holdings has today become the premier engineering company in Sri Lanka and has also extended its operations overseas


World Bank to cease financing upstream oil and gas after 2019

Views - 31 Wednesday, 20 December 2017 00:00

PARIS (Reuters): The World Bank will no longer finance upstream oil and gas projects after 2019, apart from certain gas projects in the poorest countries in exceptional circumstances,


$129 b in extreme weather losses last year: Climate report

Views - 19 Wednesday, 1 November 2017 00:00

AFP: Extreme weather caused some $129 billion (111 billion euros) in economic losses last year, said a report Tuesday that warned the bill will keep climbing as climate change boosts droughts, storms and floods.


Germany supports Sri Lanka’s path towards green energy future

Views - 44 Wednesday, 1 November 2017 00:00

It was no easy decision the jury comprising German Ambassador to Sri Lanka and the Maldives Jörn Rohde, Additional Secretary from the Ministry of Power and Renewable Energy D.D. Amarathunga and representatives of


NCPC and IDB sign MoU in efforts to promote greener environment

Views - 38 Wednesday, 1 November 2017 00:00

Responding to ever growing environmental concern for a greener world, the National Cleaner Production Centre (NCPC) held discussion with the Industrial Development Board (IDB) recognising the IDB’s outstanding ability and


JLanka boosts renewable energy transformation with future proof solutions at Techno 2017

Views - 40 Wednesday, 1 November 2017 00:00

Keeping true to their promise of pioneering renewable energy trends in Sri Lanka, JLanka Technologies unveiled some eagerly anticipated products and technologies at Techno 2017. As Sri Lanka’s leading solar solutions


Carbon dioxide levels grew at record pace in 2016, UN says

Views - 23 Wednesday, 1 November 2017 00:00

GENEVA (Reuters): The amount of carbon dioxide in the earth’s atmosphere grew at record rate in 2016 to a level not seen for millions of years, potentially fuelling a 20-metre rise in sea levels and adding 3 degrees to


How modern biomass energy technologies can boost business

Views - 125 Thursday, 7 September 2017 00:00

Mahir Brothers in Katugastota, in the Matale District, is one of Sri Lanka’s leading exporters of spices namely nutmeg, pepper, cloves and cocoa. For the past three generations, Mahir Brothers has tried to maintain the consistency of their produce,


HNB partners Aitken Spence as lead banker to Rs. 9 b first waste-to-energy plant

Views - 510 Tuesday, 15 August 2017 00:12

 HNB announced a timely partnership with Aitken Spence PLC to serve as lead arranger to a syndicated loan facility for the construction of a revolutionary 10 Megawatt (MW) waste-to-energy power plant.  The syndicated funding facility a


IEA says strong oil demand growth helping market rebalance

Views - 225 Tuesday, 15 August 2017 00:11

London (Reuters): World oil demand will grow more than expected this year, helping to ease a global glut despite rising production from North America and weak OPEC compliance with output cuts, the International Energy Agency said on Friday. The


Sri Lanka’s energy security pioneering towards solar energy

Views - 391 Tuesday, 15 August 2017 00:10

By Dinuka Jayasinghe During the pre-modern era, Sri Lankan energy requirements for heating, lighting and drying relied on plant-based flammable substances. With the arrival of new technology in the mid-19th century, the range of energy sou


AFD’s Proparco grants ¤ 20 m loan to DFCC Bank

Views - 235 Tuesday, 15 August 2017 00:08

To promote alternate energy projects and SME sector  Reaffirming its credentials as a preferred partner for international credit lines, DFCC Bank has been granted a long term loan of ¤20 million by Proparco, a subsidiary


HNB’s Corporate Banking’s Project Finance Team arrange finances for Wind Force’s 10 MW Solar Power P

Views - 532 Thursday, 27 July 2017 01:09

  HNB Deputy General Manager, Corporate Banking Ruwan Manatunga and HNB Head of Project Financing Business Majella Rodrigo HNB’s project finance team of their corporate banking division lauded the suc


JLanka boosts Trina Solar ties to cater industrial energy sector

Views - 476 Thursday, 27 July 2017 01:08

World’s leading solar company Trina Solar’s Asia Pacific, Middle East and Africa (APAC-MEA) Regional Marketing Manager Grace Ge     Hosts world’s global solar leader Trina Solar’s


Clarion International launches ‘Solar Power Branches’ in key cities

Views - 570 Wednesday, 19 July 2017 00:00

  Plans to further expand network across Sri Lanka in coming months  Clarion International Ltd. (www.clarionsrilanka.lk), a company with a 32-year track record that has saved the nation billions of rupees in energ


IEA raises forecast for global oil demand this year

Views - 509 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 - 506 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 - 536 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 - 1082 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 - 896 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 - 925 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 - 1109 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 - 1132 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 - 1024 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 - 942 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 - 1040 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 - 995 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 - 1315 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 - 796 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 - 837 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


Today's Columnists

Constitutional paradox: There is no such thing called Election Commission

Wednesday, 14 November 2018

Our Constitution, which was certified by Parliament on 31 August 1978, has 19 amendments; the First Amendment to the Constitution was certified by the Speaker in the same year on 20 November. By the end of 1988, there had been 14 amendments made to t


‘So Sri Lanka’ – upgrade staff, processes, infrastructure at BIA arrivals to be world’s best!

Wednesday, 14 November 2018

24 October, time 12:47 p.m., place – my residence in Colombo My phone buzzes with a WhatsApp message from my old colleague Prasad Fernanado now with Saudi British Bank in Saudi. I am thrilled to see the message ‘Sri Lanka top country for travel i


Qatar crisis: From the Sri Lankans’ point of view

Wednesday, 14 November 2018

The aim of this article is to examine the Saudi blockade over Qatar and its impact in the past 17 months on the country. A special focus will be given to the Sri Lankan workers who have been living in Qatar for the past two decades. The reason why th


The reality of Sri Lanka – household end!

Wednesday, 14 November 2018

Whilst Sri Lanka is debating what is right and wrong on the governance of the country, the Sri Lankan household is falling part due to escalating costs, as per the latest data released by respected research agency Nielsen. For the seventh quarter in


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