Inflation ( CCPI)35.3% (April 2023)
GDP-12.4% (4Q 2022)
Unemployment4.8% (4Q 2022)
3M T-Bill Rate25.60%
12M T-Bill Rate22.97%
2Y T-Bond Rate29.25%/ 30.00%
4Y T-Bond Rate27.25% / 27.35%
Reserves $2.75Bn (April 2023)
Cum. Trade Deficit $862Mn (March 2023)
Cum. Fiscal DeficitLKR 2,300 Bn (Dec 2022)

Blame game continue between CEB and CPC while power generation at risk

EnergyJan 17, 2022
Blame game continue between CEB and CPC while power generation at risk
This story is available exclusively to subscribers. Become an member and start reading now.

Sri Lanka enjoyed the benefit of hydroelectricity generation that accounted for more than 60% of the total CEB electricity generation in November, but the seasonal opportunity come to end as current hydroelectricity generation has fallen to 30% to 35% as of the second week of Jan 2022.

Dependency on the thermal electricity (Oil) that was less than 10% in November has increased to 30% by Jan. Due to the prevailing FX crisis, the country is finding it difficult to pay for importing diesel to operate the thermal power plants.


Charts represents an assessment of the market environment as of the date indicated and it is subject to change; and is not intended to be a forecast of future events or a guarantee of future results. This information should not be relied upon by the reader as research or investment advice regarding the funds or any issuer or security in particular. The strategies discussed are strictly for illustrative and educational purposes and should not be construed as a recommendation to purchase or sell, or an offer to sell or a solicitation of an offer to buy any security. There is no guarantee that any strategies discussed will be effective.

The information presented does not take into consideration commissions, tax implications, or other transactions costs, which may significantly affect the economic consequences of a given strategy or investment decision. This document contains general information only and does not take into account an individual’s financial circumstances. An assessment should be made as to whether the information is appropriate in individual circumstances and consideration should be given to talking to a financial advisor before making an investment decisions.