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External factors impact LVL Energy Fund Profit in Q1 2019/20

Revealing its financial performance for the first three months of the 2019/20 financial year, during the period ended 30th June 2019, the LVL Group reported a drop in revenue to LKR 51 million from LKR 114 million achieved during the corresponding period in the previous year. The...
Posted On 07 Aug 2019
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Japan’s SBI Group invests $2 million in Sunshine Energy to further expand on renewable energy production

Diversified conglomerate Sunshine Holdings PLC (CSE: SUN) announced that SBI Ven Holdings (Pte) Limited, the overseas private equity firm of SBI Holdings Inc., has invested USD 2 million in Sunshine Energy (Pvt) Ltd (SEL) to propel Sunshine Holdings’ renewable energy production...
Posted On 30 Jul 2019
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The Next Step for Energy Consumers in Sri Lanka

–As energy sources and consumption increases, consumers are looking for more independence– Sri Lanka depends heavily on fossil fuels and hydropower for energy, with more than 90% of the country’s consumed electricity generated from these sources. Coal and Hydropower...
Posted On 14 Jul 2019
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LVL Energy Fund PLC records breakout financial performance for year ending 31st March 2019

Caps off a successful year with a whopping 30% increase in profit Leading energy company and subsidiary of Lanka Ventures, the LVL Energy Fund PLC, surpassed its outstanding financial performance in the previous year, by posting Profit after interest and tax of Rs. 571 million in...
Posted On 06 Jun 2019
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Fairway Recommences Karadiyana Waste Management Project.

The Karadiyana Waste Management Project was held up for nearly a year due to delays in signing the Standardized Power Purchase Agreement (SPPA). With the signing of the SPPA, Fairway Waste Management has moved expeditiously to recommence construction given the criticality of the...
Posted On 04 Jun 2019
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JLankainternational & Bahrain Polytechnic sign a collaboration MOU

The MOU outlines efforts on knowledge transfer, education,public awareness, research & development and exchange programs on renewable energy & technology.   Manama – Bahrain, XX April2019Bahrain’s leading educational institute Bahrain polytechnic has signed an MOU...
Posted On 04 Jun 2019
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STI hosts Qingdao Huijintong Power Equipment Co Ltd. in support of Electricity Reliability Improvement Project, Sri Lanka

Bolstering progress and initiating innovation with the Ceylon Electricity Board    St. Theresa Industries (STI) Holdings, the leading manufacturer of steel fabrication and accessories used for power generation, transmission and distribution in Sri Lanka, announced its new...
Posted On 31 May 2019
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The Hirdaramani Group achieves yet another milestone in sustainability by quantifying the Group’s GHG emissions from energy to a “Net-Zero Status”.

The Hirdaramani Group announced that greenhouse gas (GHG) emissions from energy use of its Sri Lankan apparel vertical has reached a net-zero status. This quantification using ISO 14064 standards was externally validated; considering overall emission reductions stemming from...
Posted On 11 May 2019
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Time yet to become a Green Energy Champion Deadline Extended to May 15th

The Green Energy Champion competition, jointly launched by the German Federal Office with the Ministry of Power, Energy and Business Development of Sri Lanka, and the project implementing partners, GIZ and the Sri Lanka Sustainable Energy Authority has extended the deadline for...
Posted On 11 May 2019

Green Energy Champion: On Improving Sri Lanka’s Renewable Development

Spearheading in the context of innovative sustainable developments in Sri Lanka, the Green Energy Champion competition, in its third successive year is seeking to promote the use of renewable energy concepts for the purpose of improving lives of a wider community. A grand prize...
Posted On 18 Apr 2019
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LAUGFS Unveils Second Solar-Powered Fuel Station in Sri Lanka

Setting another benchmark in the fuel retailing industry in Sri Lanka, LAUGFS’s Southern Petroleum launched the country’s second solar-powered fuel filling station at Waskaduwa, Kalutara with a 46.1 KW solar-panelled roof. The iconic solar-powered fuel station is expected to...
Posted On 27 Feb 2019
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LVL Energy Fund PLC posts 17% growth in PAT in 9 months of operations in 2018

LVL Energy Fund PLC sustained its strong profitability path by posting 17% growth in profitability within 9 months of operations. Announcing its provisional financial results for the 9-month period ended 31`st December 2018, LVL Energy Fund PLC recorded a profit before interest...
Posted On 06 Feb 2019