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%
Reserves $5.6Bn (June 2024)
Cum. Trade Deficit $2,180 Mn (May 2024 cumulative)
Cum. Fiscal DeficitLKR 361Bn (April 2024)

The power generation via Coal toped up to 60% while two shipments of coal stuck at sea

EnergyApr 18, 2022
The power generation via Coal toped up to 60% while two shipments of coal stuck at sea
The use of coal has increased from the usual average of 35% to 60% in recent weeks. That hits the depletion of the available stock of coal. Media reports two shipments of coal are currently facing difficulties in unloading due to a lack of funds (USD 34 Mn). Ceylon Electricity Board Engineers Union says two shipments are anchored off the coast of Norochcholai since April 12. On the other hand, all unloading operations of the Lakvijaya Power Plant need to be completed by the fourth week of April due to the onset of the monsoon winds.


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