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Govt. focuses on South-South cooperation in energy sector

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Strategic Steering Committee members pose for a ‘family photo’.

By Ifham Nizam

In a strategic move aimed at advancing national development efforts, the Sri Lankan government is intensifying its focus on South-South Cooperation in the energy sector. Dr. Sulakshana Jayawardena, Secretary of the Ministry of Power & Energy, reaffirmed Sri Lanka’s commitment to expanding partnerships with Southern hemisphere nations during a recent gathering in Colombo.

Jayawardena stressed the invaluable contributions from Chinese partners in renewable energy technologies at the Strategic Steering Committee meeting and summary workshop of the Biogas, Biomass, and Solar South-South and Trilateral Cooperation Project. This initiative, involving collaboration between Sri Lanka, China, and Ethiopia, aims to foster mutual understanding and facilitate knowledge exchange.

“We foresee an expanding arena for South-South cooperation, noted Jayawardena, highlighting Sri Lanka’s ambitious energy transition program geared towards achieving carbon neutrality. Leveraging international partnerships is pivotal to accelerating progress towards sustainable energy solutions.

Under the auspices of the United Nations Development Programme (UNDP), the project has significantly enhanced local access to clean and renewable energy in Ethiopia and Sri Lanka. Implemented in partnership with China’s Ministry of Commerce and Ministry of Science and Technology, as well as Ethiopia’s Ministry of Water and Energy, the initiative underscores a robust framework for technological exchange and capacity building.

In Sri Lanka, the project deployed 262 Solar Powered Renewable Energy Technology Applications across five provinces, benefiting over 233 stakeholders, including vulnerable groups and women. Key outcomes include the establishment of an Energy Data Management System (EDMS) and the development of Provincial Energy Plans for the agriculture sector.

Reflecting on the project’s impact, Ms. Azusa Kubota, Resident Representative of UNDP Sri Lanka, praised its role in advancing Sri Lanka’s greenhouse gas emission reduction targets and supporting local communities.

From the Chinese perspective, Chen Qizhen of the Administrative Center for China’s Agenda 21 highlighted the collaborative efforts in promoting green, low-carbon development through technology transfer and innovation.

Ms. Charu Bist, Deputy Resident Representative of UNDP Ethiopia, underscored the project’s significance in addressing energy access deficits and promoting social equality in Ethiopia.

Ms. Beate Trankmann, Resident Representative of UNDP in China, emphasized the critical contribution of such partnerships amid global challenges in achieving Sustainable Development Goals (SDGs) and climate action.

The initiative exemplifies the spirit of South-South cooperation, fostering solidarity among nations towards achieving internationally agreed development goals, including the 2030 Agenda for Sustainable Development, observers said.



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Ceylinco Life agent among three global finalists for award

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Ceylinco Life’s Ambalantota branch agent AIP Manjula

Ceylinco Life’s Ambalantota branch agent AIP Manjula has been named one of three global finalists for the prestigious Insurance Agent of the Year award at the 11th Asia Trusted Life Agents & Advisers Awards (ATLAA) 2026.

The recognition places a Sri Lankan insurance professional among the finalists in a regional field spanning South Asia, Southeast Asia, East Asia and the wider Asia-Pacific region.

Ceylinco Life said the achievement reflected the calibre and customer-focused approach of its agency force, while recognising Manjula’s professionalism and commitment to policyholders.

The award evaluates insurance agents on criteria extending beyond sales performance, including ethical conduct, client service, policy persistency, digital adoption, innovative practices and contributions to the insurance industry and community.

The awards are organised by Asia Advisers Network and Asia Insurance Review, with LIMRA as co-organiser. An independent judging and balloting process is monitored by KPMG as the official scrutineer. The judging panel comprises senior insurance executives, association presidents and industry experts from across the Asia-Pacific region.

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CEAT Kelani retains AA+ rating for sixth year

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CEAT Kelani Holdings (CKH) has retained its National Long-Term Rating of ‘AA+(lka)’ with a Stable Outlook from Fitch Ratings for the sixth consecutive year, reflecting the company’s financial resilience and leading position in Sri Lanka’s pneumatic tyre market.

The ‘AA+(lka)’ rating, the second-highest on Fitch’s national scale, indicates a very strong capacity to meet financial commitments.

Fitch said CKH’s established market leadership and resilient financial profile remained key strengths, while noting its exposure to price-sensitive, cyclical and highly competitive markets.

The Stable Outlook reflects expectations that the company will maintain its market position despite rising input costs and increasing competition from imported tyres, while preserving adequate credit metrics during periods of weaker earnings and higher investment.

Fitch expects CKH’s established brand, extensive dealer network and adaptive pricing strategies to support its market position. Planned production facility upgrades are also expected to improve product quality, particularly in the radial tyre segment.

The rating agency expects near-term pressure on margins from higher raw material and energy costs but said the company’s low leverage and sound liquidity would provide a cushion.

CKH Chairman Chanaka De Silva said the rating reinforced the company’s focus on disciplined financial management, operational adaptability and long-term investment.

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Commercial Bank leads nationwide aquatic clean-up drive

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Sanath Manatunge, Managing Director/CEO of Commercial Bank and some of the Bank’s staff participating in the coastal cleanup programme

Commercial Bank of Ceylon mobilised employees, customers, volunteers and community members for a nationwide coastal and aquatic clean-up campaign across 20 locations on September 19 to mark International Coastal Cleanup Day 2026.

Conducted under the bank’s sustainability platform, themed ‘Forward Together for a Cleaner Future’, the initiative covered 16 coastal locations and four inland waterways, bringing together stakeholders for a coordinated environmental conservation effort.

The flagship programme was held at Mount Lavinia Beach, with additional activities at Wellawatte and Galle Face beaches. Similar initiatives were conducted by the bank’s regional offices at locations including Kalutara, Negombo, Trincomalee, Batticaloa, Puttalam, Jaffna, Galle, Dondra, Tangalle and along the Mahaweli River.

Employees, management, Future Force volunteers, customers and their families participated alongside the Marine Environment Protection Authority (MEPA), United Nations Global Compact Network Sri Lanka, government and local authorities, environmental organisations and community members.

The bank said the initiative reflected its commitment to water stewardship after adopting Sustainable Development Goal 6 — Clean Water and Sanitation — as a priority goal in 2025.

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