George Steuart Solutions deployed off-grid solar-plus-battery systems to restore electricity to hospitals, schools and community halls in remote areas hit by Cyclone Ditwah from Dec 4, using Sri Lanka Air Force airlifts for locations cut off by landslides.
Wall Street futures and the dollar fell after confusion over new U.S. tariffs — including a surprise shift to a 15% global rate — revived 'sell America' flows. Nvidia's upcoming results will test the AI sector, while gold rose, oil eased and Treasury moves raised concerns about a roughly $170bn revenue hit that could widen the fiscal deficit.
Interest RatesFuel & Energy PricesGold & PawningIT & Digital
LAUGFS Gas PLC says LPG supply is normalising after government support to operationalise its Hambantota Terminal; cargo shipments under a new supply arrangement have been secured and distribution restoration is under way.
The SEC and SLAASMB signed a Memorandum of Understanding to formalize cooperation on oversight of financial reporting and auditing for SEC‑licensed entities, including listed companies, establishing information‑sharing, referrals and joint awareness initiatives.
OMICRON launched the CPX 200 ecosystem in Colombo with local partner Olex Projects Ltd, introducing a compact multifunctional test set for commissioning, maintenance and condition assessment of medium- and high-voltage assets to Sri Lanka's power sector.
Opposition Leader Sajith Premadasa alleged eight recently imported coal consignments supplied to the Ceylon Electricity Board were below required standards and cost the CEB more than Rs. 8 billion, calling for an independent investigation. He warned substandard coal could raise fuel use and operating costs, damage equipment, force additional imports or diesel generation and lead to higher electricity tariffs.
Fuel & Energy Prices
Ada Derana·Feb 20, 2026·Major contract or order·HAYLPositive
Hayleys Solar (part of Hayleys PLC) completed a 4,036 kW solar PV installation across six farm locations for Pussalla Meat Producers. The project is expected to cut carbon emissions by approximately 3,392,247 tonnes annually.
Asian stocks slipped and oil climbed as a U.S. military buildup around Iran pushed Brent crude above $72/bl; the dollar posted its biggest weekly gain in four months after mixed U.S. data and Fed minutes.
Interest RatesFuel & Energy PricesIT & DigitalConsumer Staples (FMCG)
Minister says there is no LP gas shortage after LAUGFS (LGL.N0000) halted supply for several days due to an operational limitation at Hambantota; LAUGFS is rerouting shipments and Lanka IOC/Litro (LIOC.N0000) has raised daily supply from 1,200 mt to 1,500 mt, with multiple shipments due.
Fuel & Energy Prices
Daily FT·Feb 20, 2026·Major contract or order·WINDPositive
WindForce PLC received Letters of Award for twelve standalone BESS projects totalling 120 MW / 480 MWh — Sri Lanka's largest grid-scale standalone BESS programme; eleven projects will be fully owned by WindForce and the Vavunathivu project will be a consortium with Vidullanka PLC.
DealBook.lk, a joint venture between Frontier Capital Partners and Asia Capital Global Solutions, has launched as a digital marketplace to connect global capital with Sri Lanka's private-market corporate deals. The platform targets arrangers, investors and founders across infrastructure, energy, agriculture, healthcare and technology.
IT & DigitalHealthcare & PharmaConstruction Activity
LAUGFS Gas says it has secured stocks and rerouted LPG shipments to Colombo Port after operational limitations at its 30,000-metric-ton Hambantota import terminal, assuring uninterrupted domestic LP Gas supply. The company is working with authorities to expedite the terminal's release.
Fuel & Energy Prices
Ada Derana·Feb 19, 2026·Major contract or order·WINDPositive
WindForce PLC received Letters of Award (16 Feb 2026) for twelve standalone BESS projects totalling 120 MW/480 MWh, Sri Lanka's largest grid-scale BESS programme. Eleven projects will be fully owned by WindForce and the Vavunathivu project will be developed in consortium with Vidullanka PLC.
Government issued new Strategic Development Projects regulations granting tiered corporate tax holidays (generally 5–10 years) with investment thresholds starting at >$50m and import-duty/VAT/PAL/CESS exemptions during implementation. Categories cover infrastructure/tourism, manufacturing and agriculture/ICT; motor vehicles excluded.
Construction ActivityTourismIT & Digital
Daily FT·Feb 17, 2026·Major contract or order·WINDPositive
WindForce secured Letters of Award for 12 standalone BESS projects totalling 120 MW/480 MWh with a combined investment of Rs. 20.79 billion under Sri Lanka’s first grid-scale standalone BESS program. Projects are to be developed on a 15-year BOO basis (80:20 debt-to-equity); WindForce will hold 100% in 11 sites and 50% with Vidullanka at Vavunathivu.
Renewable EnergyConstruction Activity
Ada Derana·Feb 16, 2026·Major contract or order·VLL+1Positive
WindForce was awarded 12 standalone BESS projects (120 MW / 480 MWh, ~LKR 20.79bn) and Vidullanka secured the 10 MW / 40 MWh Vavunathivu project (~LKR 1.73bn) under CEB's first grid-scale storage programme. Projects are BOO with a 15-year operating period and ~80:20 debt-to-equity financing; WindForce will fully own 11 projects and partner with Vidullanka on Vavunathivu.
The Ceylon Electricity Board estimates direct losses of Rs. 2,796 million from four off-spec coal shipments to the Lakvijaya plant, with only Rs. 1,037 million identified as recoverable, leaving net exposure of about Rs. 1,759 million. CEB also flagged maintenance and operational damage (air pre-heater blockages, boiler tube and turbine blade wear).
Ceylon Electricity Board has requested a 13.56% electricity tariff increase for 1 April–30 June 2026 to cover an estimated Rs. 15,847 million deficit. CEB forecasts total generation of 4,578 GWh (hydro 1,218 GWh, thermal 1,957 GWh, other renewables 1,402 GWh) and sales of 4,230.3 GWh.
The Board of Investment will host the Sri Lanka Investment Forum 2026 on 30 March at Cinnamon Life, Colombo, focusing on green transition and sector-led investments including renewable energy, green finance, services, manufacturing, infrastructure and leisure. The EU, ADB and ESCAP are supporting the event, which includes parallel sector sessions and a closed-door EU–SL investor dialogue.
Parliamentary SOC flagged discrepancies in coal shipment documentation at the Lakvijaya Power Plant, reporting the first three consignments had GCV below 5,900 kcal/kg and recommending independent laboratory retesting. The PUCSL was directed to calculate financial losses and the AG's registration recommendations for LCC were urged for prompt implementation.
Sinopec opened three upgraded fuel stations and one new Sinoceylon filling station in Anuradhapura, featuring Clean Sri Lanka-compliant facilities, a Clear Spring water-filtration unit at New City Lanka, and training programs covering over 300 station staff.
Sinopec completed three upgraded stations and one new filling station in Anuradhapura, expanding its retail network into the North Central Province. The sites comply with Clean Sri Lanka standards and include water-filtration at New City Lanka, upgraded washrooms, safety improvements and staff training.