Inflation ( CCPI)1.7% (June 2024)
GDP5.3% (1Q 2024)
Unemployment4.3% (4Q 2023)
3M T-Bill Rate9.91%
12M T-Bill Rate10.21%
2Y T-Bond Rate10.65%/ 10.75%
4Y T-Bond Rate11.80% / 11.85%
USD/LKR303/304
Reserves $5.6Bn (June 2024)
Cum. Trade Deficit $1,229 Mn (March 2024 cumulative)
Cum. Fiscal DeficitLKR 361Bn (April 2024)

Coal dominating the electricity generation despite raining in some parts of the country

EnergyDec 20, 2022
Coal dominating the electricity generation despite raining in some parts of the country

Hydroelectricity generation has fallen further in December, whereas coal dominated the generation of CEB electricity. Seasonally, the hydro contribution is expected to reduce in the next few months. Last year fuel was used for electricity generation in the same period.

If we are capable of using coal for electricity generation for the hydro-off season instead of fuel, the country would be able to reduce the cost of energy substantially, in turn, reduce the pressure on FX.

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