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Company Overview and News

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COPE summons CEB, PUCSL and Power Ministry over private power purchases

2018-08-06 lankabusinessonline
Aug 06, 2018 (LBO) – The Committee on Public Enterprises (COPE), has summoned Ceylon Electricity Board (CEB), Ministry of Power and Renewable Energy and Public Utilities Commission of Sri Lanka (PUCSL) to investigate the purchasing of electricity from private power plants and requested to table the reports with relevant information by tomorrow (07th).
SPEN CEB

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CEB interdicts DGM Energy Purchases for refusing to pay ACE Embilipitiya

2018-07-16 lankabusinessonline
Jul 16, 2018 (LBO) – The Deputy General Manager, Energy Purchases of Ceylon Electricity Board (CEB) says that the Government should not pay the 100 MW ACE Embilipitiya as it is an illegal power plant.
SPEN

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Fitch removes Rating Watch Negative on Distilleries; affirms at AAA(lka)

2018-07-13 lankabusinessonline
July 13, 2018 (LBO) – Fitch Ratings has removed the Rating Watch Negative on Distilleries Company’s National Long-Term Rating, and has affirmed the rating at ‘AAA(lka)’.
DIAL SPEN SLTL

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HNB concludes Syndicated Term Loan for Sri Lanka’s first waste to energy plant

2018-05-31 lankabusinessonline
Hatton National Bank as the Lead Arranger of the Syndicated Loan together with People’s Bank, DFCC and Bank of Ceylon signed off Loan Agreements to finance the setting up of Western Power Company’s waste to energy plant, the first of its kind in Sri Lanka. A subsidiary of Aitken Spence PLC, Western Power Company has scheduled the commission of the 10 Mega Watt facility by 2020, in Kerawalapitiya, Muthurajawela, that will consume all of Colombo Municipality’s solid garbage.
SPEN HNB

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