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)

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
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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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