COLOMBO : Sri Lanka’s cabinet on Monday approved new electricity tariffs to reflect the cost of coal and power generation to take effect this month, Power Minister Kanchana Wijesekera said, without saying how much higher they would be. Sri Lanka raised electricity tariffs by 75% last August and a cabinet proposal to raise them by […]
India’s support for Lanka’s green development assured: High Commissioner – EQ Mag
India’s High Commissioner to Sri Lanka Gopal Baglay has said that India’s assistance to Sri Lanka is not limited to economic cooperation but also to the island nation’s green development process Bhagle made the remarks when he visited the Seethawaka Botanical Garden here at the invitation of Prime Minister Dinesh Gunawardena on Wednesday and planted […]
Sri Lanka can benefit from renewable energy like India, China: Erik Solheim – EQ Mag
Colombo : Former Norwegian politician and diplomat, Erik Solheim has said that Sri Lanka can achieve the advantages of renewable energy similar to countries like India and China. Participation at a recent discussion on the country’s environment and energy in Colombo, Solheim, who is also the Adviser to Sri Lanka President Ranil Wickremesinghe on International […]
Sri Lanka To Seek Indian Or Chinese Credit Line For Solar Panel Imports: Energy Minister Kanchana Wijesekara – EQ Mag Pro
In August, Sri Lanka hiked the electricity tariff by an average of 75 per cent, after nine years Sri Lanka intends to seek an Indian or Chinese credit line for the purchase of solar panels as a solution to mitigate the high cost of electricity tariffs, Power and Energy Minister Kanchana Wijesekara said on Tuesday […]
Sri Lanka grants provisional approval for Adani energy projects – EQ Mag Pro
The approvals are for two wind projects in Mannar, Pooneryn Sri Lanka has granted provisional approval to Adani Green Energy for an investment of over $500 million in two wind projects in Sri Lanka’s northern province. The two projects will come up in Mannar and Pooneryn, said Sri Lanka’s power and energy minister Kanchana Wijesekera […]
Sri Lanka Seeks Remittances Jump Start From Electric Cars – EQ Mag Pro
REFILES to get rid of garble in par 9 Sri Lanka offered its overseas workers the right to buy electric vehicles duty-free on Tuesday to encourage them to send money home and boost the cash-strapped nation’s depleted foreign exchange reserves. The island nation banned vehicle imports in March 2020 as the coronavirus pandemic began to […]
Sri Lanka to implement renewable energy generation plan – EQ Mag Pro
Preparations are being made to search for roof spaces in order to install solar panels on industrial, government, hospital, and hotel roofs Facing a power crisis, Sri Lankan Minister of Power and Energy, Kanchana Wijesekera on Sunday said that an accelerated renewable energy generation plan is likely to be implemented from June 1. The decision […]
Crisis-hit Sri Lanka, India revive talks to link electric grids – EQ Mag Pro
COLOMBO: 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 influence on the island nation, now grappling with a severe economic crisis. There was no immediate prospect that power cuts brought by the crisis could be […]
India, Sri Lanka sign agreement for setting up hybrid power plants in northern Jaffna – EQ Mag Pro
Colombo : India and Sri Lanka have signed an agreement on implementing hybrid power projects on three Sri Lankan islands off northern Jaffna, replacing the Chinese venture cleared by the Cabinet last year. In January 2021, Chinese firm Sinosar-Etechwin was awarded the contract to install a hybrid renewable energy system in Nainativu, Delft or Neduntheevu […]
India extends USD 1 billion line of credit to Sri Lanka – EQ Mag Pro
New Delhi: India announced a USD 1 billion line of credit to Sri Lanka on Thursday as part of its financial assistance to help the island nation deal with its economic crisis. After an agreement to extend the line of credit was inked, Ministry of External Affairs (MEA) Spokesperson Arindam Bagchi said India has always […]