Inflation ( CCPI)1.7% (June 2024)
GDP5.3% (1Q 2024)
Unemployment4.3% (4Q 2023)
3M T-Bill Rate9.14%
12M T-Bill Rate9.95%
2Y T-Bond Rate10.10%/ 10.20%
4Y T-Bond Rate11.60% / 11.70%
USD/LKR303/304
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Cum. Trade Deficit $2,180 Mn (May 2024 cumulative)
Cum. Fiscal DeficitLKR 361Bn (April 2024)

Costly thermal electricity generation back again as hydro drop to 43% in December

EnergyDec 12, 2022
Costly thermal electricity generation back again as hydro drop to 43% in December

Sri Lanka hydro electricity generation is seasonal, from mid-Oct to mid-Nov it contributed over 70%, but it has fallen to below 40% in December. That prompted to use of thermal electricity generation via coal and oil. Using oil for electricity generation is a costly affair and its contribution jumped from less than 1% to over 10% in December.

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