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Govt. seeks aid from AIIB for Norochcholai-Wariyapola transmission project

Daily FT

|

November 26, 2025

Rs. 24 b project aims to unlock 750MW renewable potential

Govt. seeks aid from AIIB for Norochcholai-Wariyapola transmission project

THE Cabinet of Ministers on Monday approved authorising the CEB to proceed with long-delayed NorochcholaiWariyapola Transmission Development Project execution and initiate formal negotiations with Asian Infrastructure Investment Bank (AIIB) to obtain the required financing.

The project, identified as a top priority under the Ceylon Electricity Board's Long-Term Transmission Plan 2025-2034, is designed to strengthen the main transmission backbone between Puttalam and Wariyapola while easing network congestion arising from increased renewable generation in the region.

WEITERE GESCHICHTEN VON Daily FT

Daily FT

Daily FT

Govt. seeks aid from AIIB for Norochcholai-Wariyapola transmission project

Rs. 24 b project aims to unlock 750MW renewable potential

time to read

1 mins

November 26, 2025

Daily FT

Daily FT

HNB becomes Platinum sponsor of TIECON 2026 to power Sri Lanka's runway to the world

HNB PLC has been announced as the Platinum Sponsor of TIECON Colombo 2026 which will take place in early 2026 in Colombo. Organised by TiE Colombo, the event serves as Sri Lanka's premier platform for innovation and entrepreneurship, bringing together entrepreneurs, intrapreneurs, investors, and global business leaders. It features keynotes, panel discussions, networking opportunities, investor lounges, and an innovation showcase, creating a comprehensive forum for knowledge exchange and business growth.

time to read

1 mins

November 26, 2025

Daily FT

SEC warns of scam by unlicenced securities firm

THE Securities and Exchange Commission of Sri Lanka (SEC) yesterday issued an urgent warning to the public, stating that Blue Ocean Securities Ltd. is not licenced and has no authority to trade in securities in Sri Lanka on behalf of investors.

time to read

1 min

November 26, 2025

Daily FT

Govt. halts new analogue TV licences as digital shift accelerates

THE Government has moved to end the issuance of new terrestrial analogue television licences, marking a major policy step toward the country’ long-delayed transition to digital broadcasting.

time to read

1 mins

November 26, 2025

Daily FT

Shanthikumar calls for stronger branding, policy reforms, investment boost

THE Hotels Association of Sri Lanka (THASL) outgoing President M. Shanthikumar on Monday in his final address to Government and members called for stronger global promotion, dearer regulations and investmentfriendly policies to safeguard the sector's future.

time to read

2 mins

November 26, 2025

Daily FT

Daily FT

THASL new Chief shows way for $10 b tourism earnings

SRI Lanka Tourism Hotels Association (THASL) Presidentelect Asoka Hettigoda on Monday endorsed the Government's target of $8 billion in tourism earnings by 2030, but said the industry should push even further to achieve its full economic potential.

time to read

3 mins

November 26, 2025

Daily FT

Cabinet clears next step for Sri Lanka's entry into RCEP trade bloc

Cabinet Spokesman says Govt. is evaluating trade pacts stopped midway

time to read

1 mins

November 26, 2025

Daily FT

Daily FT

Supreme Court of Sri Lanka steps into new era

First-ever digital signature introduced for President's Counsel Oath Ceremony

time to read

1 min

November 26, 2025

Daily FT

Daily FT

AIA empowers employees to Live Healthier, Longer, Better Lives with AIA Wellness Day 2025

AIA Sri Lanka exemplified its commitment to employee well-being with the successful conclusion of AIA Wellness Day 2025, a full-day event held at the AIA Tower that brought together employees, health experts, and financial advisors for a dynamic and enriching experience focused on holistic wellness.

time to read

1 mins

November 26, 2025

Daily FT

Exports exceed $ 14.4 b in first 10 months

SRI Lanka's export sector continues to show strong resilience, registering over $ 14.43 billion in total exports during the first 10 months of 2025, a 6% year-on-year (YoY) growth, despite month-on-month export earnings was flat.

time to read

4 mins

November 26, 2025

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