Petroleum

Marine Land

March 15 (LBO) - Sri Lanka has accepted a proposal to reclaim the sea and develop 450 acres of land alongside the Colombo Port by John Keells Holdings (JKH), a …

Bowled Over

March 14 (LBO) – Sri Lanka's power utility is on a drive to provide uninterrupted supply to the country, while facing googlies from depleting hydro …

Southern Harbour

March 12, 2007 (LBO) – Sri Lanka Ports Authority (SLPA) Monday signed up two Chinese firms to build the proposed Hambantota Port in Southern Sri Lanka, …

Dirty Limit

BEIJING, March 7, 2007 (AFP) - China will no longer allow new coal-based power generators with a capacity below 300,000 kilowatts to be built, hoping to …

More Power

March 07, 2007 (LBO) –Mini hydro company Vidullanka has connected a new plant to the national grid the company said Wednesday, which can boost its energy …

China Port

March, 02 (LBO) – The Chinese government would finance up to 85 percent of a planned 420 million dollar a port in Sri Lanka's southern Hambanthota …

Getting Steadier

February, 27 (LBO) – Lanka IOC, a unit of Indian Oil Corporation emerging from a subsidy and pricing battle with the Sri Lanka government, has turned an …

Rolling Stock

February 22 (LBO) – The government of Sri Lanka hopes to purchase 100 train carriages from China to develop the island's dilapidated railway network, …

Upside Protection

February, 20 (LBO) – Ceylon Petroleum Corporation wants to hedge 300,000 barrels of diesel before the end of the month, but is looking for better upside …

Renewed Deal

February, 15 (LBO) – Sri Lanka is to shortly unveil a new tiered tariff framework for renewable energy suppliers giving existing mini-hydros windfall …

Hydro Cash

February 14 (LBO) – Sri Lanka's national power utility has raised the tariff for existing mini-hydro plants by about 19 percent during the crucial wet …

Price Tactics

February, 13 (LBO) – Ceylon Petroleum Corporation will hold fuel prices steady this month with the help of a tax cut on petrol, a top official said. The …

Oil Pinch

February, 13 (LBO) - Lanka IOC, a unit of the Indian Oil Corporation, is poised to grab more market share from the country's dominant state-owned petroleum …

Alternative Fund

February 09 (LBO) – Sri Lanka will set up an agency to administer the renewable energy sector in Sri Lanka and also establish a fund to support newer …

Not Funny

February, 08 (LBO) – A decision by the Ceylon Petroleum Corporation to tender its liquid petroleum gas output in the open market will re-create an …

Oil Deposit

February 07, 2007 (LBO) -- Sri Lanka has asked governments of India and China to make a 100 million dollar deposit each, for securing a block to explore oil …

Post Men

Feb 06, 2007 (LBO) – Sri Lanka is boosting is postal service with thousands of new postmen, the country's outgoing posts minister said. Former posts and …

Option Collar

February 6 (LBO) - The Ceylon Petroleum Corporation will hedge up to a quarter of its diesel imports using options, with the first contract to be signed in a …

Gas Change

February 06, (LBO) – Ceylon Petroleum Corporation would call open tenders to sell the liquid petroleum gas produced at its refinery, Petroleum Minister A …

Thin Margin

January 31 (LBO) – Sri Lanka's state petroleum utility expects to just break even or make a marginal profit in 2006, after a government price supplement …