Inflation ( CCPI)5.9% (Feb 2024)
GDP4.5% (4Q 2023)
Unemployment4.7% (3Q 2023)
3M T-Bill Rate10.17%
12M T-Bill Rate10.28%
2Y T-Bond Rate10.85%/ 11.00%
4Y T-Bond Rate12.10% / 12.20%
USD/LKR301/303
Reserves $4.517Bn (Feb 2024)
Cum. Trade Deficit $4,866 Mn (Dec 2023 cumulative)
Cum. Fiscal DeficitLKR 2,020 Bn (Nov 2023)

Strong wind and rainy weather contributed 70% of the CEB electricity generation

EnergyAug 5, 2022
Strong wind and rainy weather contributed 70% of the CEB electricity generation

The favourable weather has positively contributed to the electricity generation of the country. Electricity generation via wind has contributed over 10% to the total while hydroelectricity contributed 58%. This has helped to eliminate oil-based thermal electricity generation to almost zero in the last few days.

This would reduce the pressure on the FX reserves of the country, which are almost zero.

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