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Sri Lanka News

Power & Utilities

JSL and Hayleys Fentons finalize JV for Sri Lankan wind energy infrastructure development

A joint venture between Jyoti Structures and Sri Lankan firm Hayleys Fentons has secured a contract to construct a 220kV transmission line for the National Transmission Network Service Provider. The project is designed to evacuate electricity from the Mullikulam Wind Power Projects, supporting Sri Lanka’s renewable energy integration and expanding the international engineering portfolio of JSL.

Sri Lanka | 2 weeks ago

Investments & Funding

World Bank and Sri Lanka target $2bn in funding to unlock 7% growth and 1m jobs

The World Bank Group and Sri Lanka have launched a five-year partnership to mobilise over $2 billion in financing. The framework prioritises private-sector-led job creation for nearly one million young entrants, aiming for 7% medium-term economic growth and doubling export earnings to $36bn by 2030.

2 months ago • Sri Lanka

Renewable Energy

Indian-Sri Lankan joint venture secures 2.27 billion LKR wind power transmission contract

Sri Lanka has approved a 2.27 billion LKR contract for a partnership between India’s Jyoti Structure and Sri Lanka’s Hayleys Fentons. The project involves constructing a 28-kilometer high-voltage transmission line to integrate renewable wind energy from the Mannar region into the national grid.

2 months ago • India;Sri Lanka

Renewable Energy

AIIB approves $52 million loan to Sri Lanka for Renewable Energy Transmission Project

AIIB provides $52 million financing to Sri Lanka for the Kerawalapitiya–Port L Second Transmission Line Project, enhancing renewable energy transmission, grid stability, and sustainable development

3 months ago • Sri Lanka

Latest News

Defence | 2 days ago

Elbit Systems secures $350 million international main battle tank modernization contract

Israel-based defense electronics company Elbit Systems has clinched a $350 million international contract to upgrade main battle tanks over a four-year period, integrating advanced situational awareness, AI-driven targeting, and modern communication suites.

Business & Corporate | 2 days ago

UPS commits USD 50 million to industrial logistics and launches time-definite Mexico air freight

UPS is investing nearly $50 million in specialized automotive and industrial network enhancements. The expansion introduces time-definite heavy air freight services between the U.S. and Mexico, streamlining cross-border production cycles and integrating brokerage and warehousing into a single-carrier solution.

Energy & Power | 2 days ago

NLC India selects Ohmium and InSolare for 4 MW green hydrogen project in Tamil Nadu

Ohmium International and InSolare Energy have partnered to deploy a 4 MW green hydrogen facility for NLC India Limited. Utilizing advanced Proton Exchange Membrane technology, the plant in Neyveli aims to produce 700 metric tons of hydrogen annually for industrial and mobility applications.

Business & Corporate | 2 days ago

Rashmi Group commits INR 350 billion to expand industrial footprint in West Bengal

Diversified industrial major Rashmi Group has announced a massive 35,000 million INR investment to scale its steel, power, and mining operations in West Bengal. The plan includes adding 7 million tonnes of annual steel capacity and operationalizing newly acquired coal blocks across several districts.