Ceylon Graphite successfully Renews the Environmental Licence for K1 Mine Project
Ceylon Graphite Corp. has successfully renewed its Environmental Protection Licence from the Central Environmental Authority (CEA) of Sri Lanka for ongoing operations at the K1 Mine project, the company announced.…
Sri Lanka economy contracts 1.5% in 3Q
(Reuters) – Sri Lanka’s economy shrank 1.5% in the third quarter from a year earlier due to a third COVID-19 wave that peaked in August hitting industries and services, the government…
Sri Lanka’s Power Regulator Preparing To Regulate LP Gas Industry Amidst Multiple LP Gas Cylinder Explosions
A Standard for LP Gas has already formulated The Public Utilities Commission of Sri Lanka (PUCSL), the electricity sector regulator and the designated regulator for the petroleum industry, together with…
Sri Lanka shuts only oil refinery to manage forex crisis
By Uditha Jayasinghe (Reuters) – Sri Lanka has temporarily shut its only oil refinery as part of efforts to manage dwindling foreign exchange reserves, the energy minister said on Tuesday, triggering…
China’s power crunch dwarfs Evergrande’s troubles in investors’ eyes
(Reuters) – China’s power supply crunch, that has shut factories across the country, may pose a much bigger threat to the economy than the debt crisis at Evergrande Group (3333.HK), prompting…
Seven countries, including Sri Lanka and Chile, have agreed to stop using the dirtiest fossil fuel
Seven countries have signed a pledge initiated by the United Nations to stop building new coal power plants, with the aim to gather more signatures before the global climate summit COP26 in…
New Fortress and Sri Lanka’s Government inked the definitive agreement for LNG deal
United Stated-based New Fortress Energy Inc. (“New Fortress”) and Sri Lanka’s Government have executed a definitive agreement for New Fortress’ investment in West Coast Power Limited (“WCP”), the owner of the 310…
Natural Gas Prices Soar Worldwide In A Mark Of Extreme Volatility
Natural gas prices are soaring around the world in what has become something of a global supply crunch. Prices in the U.S. recently hit a 7-year high, natural gas prices…
Asian renewable investments expected to double to $1.3T by 2030
Reuters: Asia Pacific investments in renewable energy generation by 2030 may double to $1.3 trillion from the previous decade, dwarfing fossil fuel power expenditures that are expected to drop by…
Sri Lanka’s Electricity Regulator Approves Second LNG Plant in Kerawalapitiya
The Public Utilities Commission of Sri Lanka (PUCSL), the electricity sector regulator, granted its approval for the 2nd Re-gasified Liquid Natural Gas-fired Combined Cycle power plant to be tendered to…