Power and Renewable Energy Minister of Sri Lanka Ravi Karunanayake has reportedly stated that the state owned power utility, the Ceylon Electricity Board (CEB), is set to retire power plants incurring high production costs within the next one and half years.
Tourism authorities in Sri Lanka are to make a fresh push to woo Chinese tourists to the country by putting up a major promotional initiative in Beijing.
Aitken Spence Hotel Holdings of Sri Lanka has reportedly states that the company would pursue management contracts for overseas hotels to diversify the business.
Panasian Power Plc has reportedly announced its plans to raise Rs. 400 million from the Emerald Fund, which is dedicated to investing in Sri Lanka to part finance 9 MegaWatts of solar power plants in several parts of the country.
Tourism authorities in Sri Lanka Tourism are reportedly gearing to launch the proposed two-month global promotional campaign next month with an investment of Rs. 500 million.