A high-level delegation from China's Sinopec Group has assured Sri Lanka's Minister of Foreign Affairs, Vijitha Herath, that the company will expedite the commencement of its proposed oil refinery project in Hambantota.
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A Fundamental Rights (FR) petition has been lodged in the Supreme Court, challenging the proposed heavy mineral sand extraction project on Mannar Island. The legal action seeks to halt mining activities across key coastal areas due to environmental and conservation concerns.
WindForce PLC has acquired a 51% equity stake in Safe Power International (Pvt) Ltd to develop a 10 MW wind power project in Alankuda, Puttalam District, with an estimated total investment of Rs. 4.2 billion.
Sri Lanka launched its first AI-powered hotel, Grand Serendib Colombo, marking a landmark in the country's tourism sector. The inauguration event was held at Shangri-La Colombo and attended by Minister Vijitha Herath, national cricket icon Sanath Jayasuriya, MP Dr. Harsha de Silva, and other dignitaries.
The Asian Infrastructure Investment Bank (AIIB) and the Government of Sri Lanka have signed a $52 million sovereign-backed loan agreement for the Kerawalapitiya–Port L Second Transmission Line Project. This project will install a 220 kV underground cable linking Kerawalapitiya Switching Station to Colombo Port L Grid Substation, complementing the first line commissioned in 2019.
Power and Energy Minister Eng. Kumara Jayakody reiterated the government’s commitment to expanding renewable energy, framing it not only as an environmental goal but a strategic economic investment. Despite fiscal and institutional challenges, renewable projects like the 5 MW solar power plant in Galle are progressing, bolstered by private sector investment and public-private partnerships.
The Cabinet of Ministers has approved a Rs. 3 billion project to develop a state-of-the-art airfield facility at Rathmalana Airport. This decision follows earlier authorization to commence procurement and marks a strategic effort to modernize the airport's infrastructure to support enhanced aviation operations.
Sri Lanka’s construction sector is showing strong signs of revival, driven by the resumption of stalled projects and a surge in new activity, according to the latest data.
Sri Lanka and Japan formalized two milestone project agreements on September 29 during the official visit of Sri Lankan President Anura Kumara Dissanayake, underscoring a strengthened bilateral partnership. The agreements were exchanged in the presence of President Dissanayake and Japanese Prime Minister Shigeru Ishiba.
The Sri Lanka Construction Association (SLCA) has emphasized the critical need for local expertise in the resumption of the Kadawatha-Mirigama section of the Central Expressway. According to SLCA President Susantha Liyanarachchi, local engineers' deep understanding of Sri Lanka's unique terrain, including its marshlands and rainy weather, is vital for the project's effective completion.
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