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%
USD/LKR297/298
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
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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.

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