The Cabinet of Ministers of Sri Lanka has reportedly approved a proposal by the country’s Power, Energy and Business Development Ministry for the state power utility, the Ceylon Electricity Board (CEB), to purchase 100 megawatts of emergency power from three private suppliers at prices ranging from Rs. 28.43 to Rs. 30.63 rupees per kilowatt.
The state owned People’s Bank of Sri Lanka has reportedly signed a landmark US$ 200 million, eight-year, bilateral funding facility with China Development Bank.
Sri Lanka based Capital Trust Holdings has reportedly announced the launch of a ride-hailing application branded Taxiya, which will also expand into two wheeler taxis.
Sri Lanka’s state-run Ceylon Electricity Board (CEB) has reportedly received funding from the Asian Development Bank (ADB) to tap international expertise to prepare bid documents to acquire a liquefied natural gas (LNG) terminal.
Abacus Tea Ltd of Sri Lanka has reportedly presented a groundbreaking innovation in the form of low-cost teabag machines ‘staple-pin free’ as part of value-added tea.