Connect with us

Business

USAID and PUCSL partner to enhance transparency with development of Electricity Dispatch Database and Dashboard for Lanka’s power plants

Published

on

Punsara Nagasinghe, Tariff Analyst/Power System Specialist for the Sri Lanka Energy Program, explains how to use the new Dispatch Data Dashboard during the launch event.

Colombo, December 1, 2023 — The United States Agency for International Development (USAID), in collaboration with the Public Utilities Commission of Sri Lanka (PUCSL), launched the Electricity Dispatch Database and Dashboard, ?an online platform to enhance transparency in the management of Sri Lanka’s power distribution through a visualization platform.

Developed and funded by USAID’s Sri Lanka Energy Program, the Dispatch Data Dashboard is a comprehensive tool that allows stakeholders to access and visualize data relevant to electricity generation, forecasts, costs, reservoir details, and emissions, providing insights into the energy sector’s intricate operational dynamics. The initiative will help foster transparency and accountability within Sri Lanka’s energy.

The Dispatch Data Dashboard features a user-friendly interface, making it accessible to a broad audience. Users will be able to query dispatch data, gaining valuable insights into the dispatch process and the rationale behind cost optimization. This transparency not only promotes accountability but also encourages collaboration among industry players, paving the way for improvements in the dispatch process.

The Dispatch Data Dashboard will be used for a wide array of stakeholders, including sector analysts, researchers, current independent power producers, future renewable energy developers, and environmental organizations. The online dashboard is available at https://gendata.pucsl.gov.lk/home. The USAID Sri Lanka Energy Program is proud to be at the forefront of this initiative, driving positive change for the benefit of all stakeholders.

Members of the public will now have the ability to comprehend the dispatch process, enabling them to raise inquiries and contribute to discussions about the energy sector’s future. This marks a significant step forward in democratizing information and fostering a sense of ownership among the public.

Chris Powers, Director of the Economic Growth Office of USAID stated that, “This Dashboard will help drive financial sustainability of the power sector, while contributing to the viability of the nation by enhancing energy security and ensuring the lowest possible cost of electricity. By fostering transparency and empowering stakeholders, this tool is an instrumental resource in our collective fight against climate change. In understanding and optimizing our energy management processes, we pave the way for a more sustainable future, driving efficiencies that contribute to reducing the cost of power generation while reducing our carbon footprint. In the face of climate challenges, knowledge is power, and the Dashboard empowers us all to make informed decisions that positively impact our environment.”

“The Dispatch Data Dashboard represents a major leap towards a more transparent and accountable energy sector in Sri Lanka,” said Professor Manjula Fernando, Chairman ??? at PUCSL. “By providing a platform for stakeholders to engage with dispatch data, we aim to drive positive change, encourage innovation, and ultimately contribute to a more sustainable and cost-effective energy future for Sri Lanka.”



Business

Ambeon Securities hosts exclusive investor forum on Sri Lanka’s economic and market outlook

Published

on

The event was organized with the objective of providing investors with valuable insights to make better-informed investment decisions while further strengthening the firm's engagement with its growing client base.

Ambeon Securities recently hosted an exclusive investor forum, bringing together clients, investors, business leaders, and market professionals for an insightful discussion on Sri Lanka’s economic outlook and investment opportunities amidst a challenging global landscape.

The event was organized with the objective of providing investors with valuable insights to make better-informed investment decisions while further strengthening the firm’s engagement with its growing client base.

The forum featured Baqar Zaidi, Director and Chief Economist for Sri Lanka and India at Citi Research, as the keynote speaker. Sharing his perspectives on the evolving global macroeconomic environment, Mr. Zaidi discussed key themes influencing emerging and frontier markets, Sri Lanka’s economic trajectory, and the opportunities lie ahead.

The keynote address was followed by an engaging panel discussion comprising Baqar Zaidi, Aravinda De Silva, respected investor, entrepreneur, and the Chairman of Arcasia Holdings. Hasitha Premaratne, Group Managing Director of Brandix and Asanka Herath, Chief Executive Officer – Unit Trusts and Head of Equities at LYNEAR Wealth Management.

Moderated by Imran Furkan, the panel explored a range of topics including Sri Lanka’s macroeconomic outlook, the future of the Colombo Stock Exchange, sectoral opportunities, capital allocation strategies, investor confidence, and the role of policy reforms in attracting investment and supporting long-term growth.

Speaking at the event, Charith Kamaladasa, Chief Executive Officer of Ambeon Securities, reaffirmed the company’s commitment to facilitate quality insights, informed perspectives, and meaningful dialogue to support their clients while building lasting relationships with them. He noted that in an environment where uncertainty has become the new normal, equipping investors with timely information and expert perspectives is essential for successful wealth creation.

The event was well attended by a distinguished gathering of institutional investors, high-net-worth investors, and business leaders. Among those present were members of the Ambeon Group Board, including Group Chairman Sujeewa Mudalige, Group CEO Dr. Sajeeva Narangoda, and Chairman of Ambeon Securities Mangala Boyagoda. Their presence, together with the participation of Ambeon Group shareholders and valued clients, enriched the discussions and contributed to a vibrant networking session, fostering meaningful dialogue and stronger connections within the investment community.

Through initiatives such as this, Ambeon Securities continues to reinforce its commitment to helping clients navigate evolving market conditions, make informed investment decisions, and achieve their long-term financial goals.

Continue Reading

Business

Tata Group leads humanitarian education support initiative with DIMO and ChildFund

Published

on

The Tata Group, in partnership with ChildFund and DIMO, has successfully implemented a humanitarian education support initiative for disaster-affected schoolchildren in Sri Lanka, reaffirming its commitment to helping communities recover from the impacts of Cyclone Ditwah and the subsequent floods.

Following a formal request for support from Sri Lanka, an on-ground assessment was conducted in December 2025. Recognizing the urgent need, several Tata companies joined forces to implement the response program.

As part of this initiative, the ‘Hope in a Backpack’ programme, which provides disaster-affected children with essential educational supplies, was launched by the Tata Group at Taj Samudra, Colombo, in the presence of the Chief Guest, Hon. Prime Minister Dr. Harini Amarasuriya; the Guest of Honour, Hon. Indian High Commissioner Santhosh Jha; Ranjith Pandithage, Chairman of DIMO; Chacko Thomas, Group Chief Sustainability Officer, Tata Sons; and Aditi Ghosh, Country Director, ChildFund.

This initiative is part of DIMO’s Social and Community Pillar, under the project theme ‘Lassana Hetak,’ which focuses on giving the future generation a helping hand towards a better future.

This collective effort was further strengthened by volunteers from Tata and DIMO, who actively mobilized on the ground to pack, distribute, and support affected communities. During the proceedings, specially invited schoolchildren received the backpacks with essential supplies as well.

Commenting on the partnership, Ranjith Pandithage, Chairman of DIMO, said: “DIMO is proud to collaborate on this meaningful initiative alongside the Tata Group and ChildFund as the local implementation and logistics partner. Our relationship with Tata spans more than six decades and has been built on a shared commitment to ethical business practices, trust, and creating lasting value for the communities we serve. These values have shaped our partnership over the years, extending beyond business to initiatives that make a meaningful difference in people’s lives.”

Continue Reading

Business

NovaNest Properties launches Rainbow Apartments in Ratmalana

Published

on

Samitha Waidyasekera CEO - NovaNest Properties (Pvt) Ltd

NovaNest Properties (Pvt) Ltd has officially launched Rainbow Apartments, a new residential development in Ratmalana. The announcement was made at an official launch event held at the Shangri-La Hotel, Colombo, marking the company’s latest addition to Sri Lanka’s growing apartment market.

The development is designed to cater to homebuyers seeking modern urban living, as well as investors looking for long-term value. Rainbow Apartments is located in Ratmalana, an area of increasing residential interest, and benefits from the suburb’s established social infrastructure, proximity to major transportation links, and accessibility to Colombo.

The project reflects NovaNest Properties’ commitment to delivering quality residential developments that combine contemporary design with practical living. Intended to satisfy the evolving lifestyle demands of today’s homeowners, Rainbow Apartments features thoughtfully designed living spaces supported by modern amenities. These include two infinity pools, a gym, fully functional workspaces, a mini theatre, stylish cafés, a mini-mart, and a children’s daycare. Additionally, it features a full time medical centre backed by Nawaloka Hospitals PLC Colombo, with a 24-hour ambulance service.

Commenting on the launch, the Chief Executive Officer of NovaNest Properties (Pvt) Ltd, Samitha Waidyasekera, said, “Today’s buyers are looking beyond square footage. In addition to providing long-term value, they want homes that are close to the places where they work, learn, and spend their time. With that shift in mind, Rainbow Apartments was created to bring together a strategic location, thoughtful design, and quality construction in a way that will continue to meet buyers’ needs for years to come. Through our promise of ‘Luxury Beyond Expectations,’ we are committed to delivering an elevated lifestyle experience that combines comfort, convenience, and modern living.

Continue Reading

Trending