Inflation ( CCPI)1.7% (June 2024)
GDP5.3% (1Q 2024)
Unemployment4.3% (4Q 2023)
3M T-Bill Rate9.55%
12M T-Bill Rate10.07%
2Y T-Bond Rate10.55%/ 10.65%
4Y T-Bond Rate11.80% / 11.85%
USD/LKR303/304
Reserves $5.6Bn (June 2024)
Cum. Trade Deficit $2,180 Mn (May 2024 cumulative)
Cum. Fiscal DeficitLKR 361Bn (April 2024)

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

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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