Daily News Online

Wednesday, 1 December 2010



In the year 2015:

Power demand to be 12,941 GWH

The demand for power in Sri Lanka is increasing by seven to eight percent annually. The country currently needs 9,190 GWH and the energy demand will increase to 12,941 GWH by 2015.

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Lanka IOC sees industry growth

Demand for petroleum products :

The petroleum industry is performing reasonably well due to the stable economic and political environment. It has recorded a 10 percent growth in keeping with the country’s economic growth. “The industry growth is excellent and encouraging. We expect the growth momentum to sustain and continue as the country’s rapid development activities are progressing islandwide at present.

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Microfinance industry:

Regulation, supervision important

Developing a proper regulatory and supervision system and effective implementation of it will enable the micro-finance industry to reach its full benefits, the South East Asian Central Banks (SEACEN) Executive Director Dr A G Karunasena said at the inauguration of the SEACEN Course on Regulation and Supervision of Micro-finance Institutions.

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Panasian Power Ltd., Chairman, Dr.Prathap Ramanujam addressing the media. Panasian Power Ltd., Finance Executive Director Hairol Sheriff, Panasian Power Ltd., Director, Deepal Sooriyaarachchi and Panasian Power Ltd., Non-Executive Director, Dato Shamsuddin look on. Picture by Chinthaka Kumarasinghe

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