Business
Sri Lanka eyes India grid link as ADB pushes Pan-Asia energy integration
Sri Lanka’s long-discussed electricity grid connection with India is gaining renewed momentum, as the Asian Development Bank (ADB) intensifies efforts to promote cross-border energy integration across the region.
At the ADB Annual Meetings in Samarkand, Senior Director for Energy, Priyantha Wijayatunga, identified the proposed India–Sri Lanka grid interconnection as the most promising avenue to strengthen the island’s power sector. The concept dates back to the 1970s, when Sri Lanka, following the completion of the Mahaweli Development Project, even explored the possibility of exporting electricity. However, rapid economic growth and rising domestic demand shifted the country toward energy imports.
Today, with energy security and cost pressures mounting, the idea has regained urgency. “The time is right,” Wijayatunga said, stressing that political will and financing will be decisive. While undersea transmission cables make the link technically viable, costs remain a major challenge. The ADB, he confirmed, stands ready to support Sri Lanka as a development partner in advancing the project.
Sri Lanka’s prospects are closely tied to a broader regional vision being advanced by the ADB through its Pan-Asia Power Grid Initiative (PAGI). The initiative aims to transform how energy is produced, shared, and consumed across Asia and the Pacific by promoting cross-border electricity trade and grid connectivity.
PAGI is designed not merely as a collection of projects, but as a systems-level integration platform that connects national grids into subregional and eventually continent-wide networks. Its core objectives include bridging energy gaps, enhancing energy security, integrating large-scale renewable energy, and strengthening resilience across interconnected systems.
A key pillar of PAGI is leveraging the region’s resource complementarity. Countries in South Asia, for instance, possess uneven but highly complementary energy resources—hydropower in Nepal and Bhutan, and solar and wind potential in India. By linking grids, countries like Sri Lanka could tap into these diverse energy sources, reducing dependence on costly fossil fuel imports while improving reliability.
ADB estimates suggest that deeper regional power trade in South Asia could yield substantial economic benefits, including lower system costs and more efficient energy distribution. The initiative also envisions mobilizing up to $50 billion in investments by 2035, expanding transmission infrastructure, and improving electricity access for millions.
For Sri Lanka, integration into such a regional grid could be transformative. A connection with India would allow the country to import affordable electricity during shortages, stabilize supply, and support its transition toward cleaner energy. It could also open the door to future participation in a wider South Asian power market.
With feasibility studies and policy discussions already underway, and with ADB backing firmly in place, Sri Lanka’s long-envisioned grid connection with India now appears more achievable than ever.
As the Samarkand meetings underscore the urgency of regional cooperation in an increasingly uncertain energy landscape, Sri Lanka stands at the threshold of a new chapter—one where energy security is strengthened not in isolation, but through connection.
by Sanath Nanayakkare in Samarkand, Uzbekistan
Business
Kandy teen martial artist Dunila Amunugama rising through ranks
Kandy-based 18-year-old martial artist Dunila Deneth Amunugama is emerging as a rising talent in Sri Lanka’s combat sports arena, driven by nearly a decade of disciplined training and growing competitive exposure.
Amunugama began his martial arts journey around nine years ago and has since trained across multiple disciplines, including Kyokushin Karate, boxing, mixed martial arts (MMA) and kickboxing. He says Kyokushin Karate remains his foundation and preferred discipline, crediting it for instilling discipline and mental strength.
He trained under Sensei Nalin Sri Bandara during his formative years and attained his Black Belt 1st Dan on September 15, 2025, marking a key milestone in his progression.
Amunugama has competed at national-level Kyokushin Karate tournaments and organisational meets, while also participating in referee seminars conducted under Sri Lanka Karate-Do, further broadening his technical understanding of the sport.
In addition to his sporting pursuits, he is a biomedical engineering student at ESU Campus, Kandy, and an alumnus of Green Hill International School. He is also engaged in voluntary service with the Sri Lanka Red Cross, balancing academics, sport and community work.
Beyond competition, Amunugama has stepped into coaching, training young students and sharing his experience with the next generation of martial artists.
His international exposure includes participation in martial arts programmes in Dubai and Abu Dhabi, which he says helped him gain broader insight into global training standards.
Looking ahead, he aims to compete in KFL events and MMA championship bouts, with ambitions of reaching higher competitive levels and representing Sri Lanka on the international stage.
“Martial arts is not just about fighting, it is about discipline, respect and continuous growth,” Amunugama said.
Pix and text by SK Samaranayake
Business
WEAIR set to launch cargo operations to boost Lanka’s regional links
A new Sri Lanka-based cargo airline, WEAIR, is set to enter the country’s aviation sector later this month, aiming to boost regional air freight capacity and strengthen Colombo’s position as a South Asian logistics hub.
The airline has entered into a strategic operational partnership with a Ukraine-based cargo carrier holding a valid Air Operator Certificate (AOC), which will initially support flight operations under a Foreign Air Operator Certificate (FAOC) arrangement until WEAIR secures its own Sri Lankan AOC.
WEAIR Chief Marketing Officer Indrajit Joseph said the arrangement would ensure regulatory compliance and uninterrupted launch operations, following an earlier plan to commence services by end-May.
Backed by Luxembourg-based IOTC, the carrier is positioning itself as a next-generation cargo operator, with Group CEO Thinesh Ganeshakumaran at the helm. The airline is scheduled to commence operations on 28 May 2026.
Industry officials said the entry of a dedicated cargo carrier marks a significant shift for Sri Lanka’s logistics sector, which has traditionally relied on passenger belly-hold capacity and foreign operators.
WEAIR said it plans to improve reliability and capacity for time-sensitive shipments including apparel, perishables, pharmaceuticals and e-commerce goods, while linking Colombo with key destinations across South Asia, the Middle East and Southeast Asia.
Initial operations will be carried out using a Boeing 737-800 freighter, with a phased fleet expansion programme planned.
The company has also indicated long-term ambitions including a potential Colombo Stock Exchange listing by 2029 and future expansion into passenger aviation services.
Business
NSB takes digital banking to the streets
The National Savings Bank has launched an countrywide digital banking drive aimed at promoting financial inclusion and accelerating the country’s transition towards a cashless economy.
The campaign, which combines town-storming initiatives with digital literacy programmes, seeks to raise public awareness on the convenience, safety and accessibility of digital banking services, with special emphasis on NSBPay and NSB QR payment platforms.
NSB said the initiative aligns with the national vision of advancing digital transformation and expanding access to banking services, particularly among underserved communities and small businesses.
The bank has already conducted activations across key locations in the Southern and Western Provinces, including the Colombo Fort Railway Station and Liberty Plaza, where large numbers of customers were introduced to digital banking services through hands-on demonstrations and real-time onboarding assistance.
According to NSB, the campaign has generated encouraging public response within its first six days, with growing interest in mobile banking applications and QR-based payment systems.
A key feature of the initiative is the promotion of NSB QR payments in support of the government’s efforts to build a digitally connected and cashless economy. The system enables customers to make secure payments by scanning QR codes through mobile devices, reducing dependence on cash transactions.
The campaign also focuses on onboarding small and micro-scale merchants in busy commercial areas to the digital payment ecosystem.
NSB said its on-ground engagement strategy includes live demonstrations, assistance with app registrations and practical QR payment experiences aimed at building public confidence in digital banking technologies.The bank said the initiative forms part of its broader commitment to innovation, accessibility and inclusive banking services across Sri Lanka.
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