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USAID Supports Power Up Trial of E-battery Swapping Stations in Colombo

The United States Agency for International Development (USAID) Sri Lanka Energy Program and Sling Mobility (Pvt.) Ltd. signed a grant agreement on April 18 to develop and operate two battery…

A National committee appointed to formulate all national policies related to food security in Sri Lanka

The National Council sub-committee on identifying short and medium-term programs related to National Policy which met yesterday (10th of November) decided to appoint a sub-committee made up of representatives of…

Accenture: Large corporations on track to miss stated net-zero goals

More than 90 percent of large companies that have stated commitments to reaching net-zero emissions will miss such goals at their current pace, according to a new report. Among 2,000…

Potential in biofuels for transport sector in Sri Lanka

By Ravinda Soysa All states currently rely substantially on petroleum based fuels for power generation, transportation and agricultural activities. The fact that only a few countries generate the majority of…

Sri Lanka Power Union Announces Strike, Raising Risk of Blackouts

(Reuters) – A power sector union in Sri Lanka said on Wednesday it will go on an indefinite strike from midnight in protest against new government legislation, potentially leading to…

USAID Partners with Keells Supermarket to promote competitiveness in Sri Lanka’s MSMEs

The U.S. and Keells are partnering to strengthen small businesses in Sri Lanka through an agreement to connect Keells suppliers with private business advisory service providers. “The small businesses that…

Sri Lanka increases fuel prices to address economic crisis

(Reuters) – Sri Lanka increased fuel prices on Tuesday, a long-flagged move to mend public finances and combat its debilitating economic crisis, but the hikes are bound to add to…

Crisis-hit Sri Lanka, India revive talks to link electric grids

(Reuters) – India and Sri Lanka have resumed talks on linking their electricity grids, officials told Reuters on Tuesday, a step that could aid New Delhi’s goal of reducing China’s…

Indian Companies Scramble To Set Up Renewable Energy Projects In Sri Lanka

Indian companies have bagged several renewable energy projects in economic-crisis hit Sri Lanka. The Indian government has offered a line of credit to Sri Lanka to help the island nation…

IMF Urges Sri Lanka to implement an ambitious fiscal consolidation program to overcome the economic crisis

The International Monetary Fund (IMF) urges Sri Lanka to implement an ambitious fiscal consolidation that is based on high-quality revenue measures which consist of raising income tax and VAT rates…