India’s Adani Green Energy has expressed its willingness to work with Sri Lanka on proposed renewable energy projects on the same terms decided earlier, a source said.
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Eleven Japanese projects and seventy-six Chinese projects, which provide economic benefits to Sri Lanka but were previously stalled, have now recommenced, according to the President’s Media Division (PMD).
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The Employees’ Provident Fund (EPF) has suffered close to Rs. 20 billion in losses from bond and equity market investments, with an additional Rs. 12 billion in foregone earnings, as a result of bypassing due process and investing in unlisted equity, according to a new report by Verité Research. The report has calculated these losses and foregone earnings by analysing …
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China has once again extended its financial and strategic support to Sri Lanka, providing much-needed economic relief through credit lines and grants.
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The Cabinet of Ministers has approved the proposal presented by the Minister of Power and Energy to take further necessary steps related to the establishment of two solar power plants with capacity of 50 Megawatt and 70 Megawatt at Sampur in Trincomalee, as a joint venture between Sri Lanka and India.
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India’s Adani Group has decided to withdraw its wind power deals with Sri Lanka, the company said in a letter to the island nation’s Board of Investment (BOI), after Colombo’s recently elected government was preparing to renegotiate the project for a lower price.
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Sri Lankan seafarers are in high demand internationally and there should be a proper mechanism for catering to that ever increasing demand, Seraya Shipping Private Limited and Serayav Maritime Service Limited Founder and Managing Director Sujeewa Senaratne said.
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Three investment zones will be established in Sri Lanka’s Northern Province, President Anura Kumara Disanayake told the World Bank.The statement was made during a meeting between President Anura Kumara Dissanayake and representatives of the World Bank held at the Presidential Secretariat.
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News of the Day In line with the new government’s energy policy and plan, significant efforts are underway to generate substantial foreign exchange for the country through the development of the Trincomalee Oil Tank Complex.
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Minister of Industry and Entrepreneurship Development Sunil Handunnetti says that the government will take measures to introduce a range of environmentally friendly products rooted in green energy principles, while preserving local identity, within the next two years.
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