Inflation ( CCPI)50.6% (Feb 2023)
GDP-12.4% (4Q 2022)
Unemployment5.0% (3Q 2022)
3M T-Bill Rate25.99%
12M T-Bill Rate24.31%
5Y T-Bond Rate27.00%/ 27.25%
10Y T-Bond Rate22.00% / 23.00%
USD/LKR335/341
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Reserves $2.22Bn (Feb 2023)
Cum. Trade Deficit $449Mn (Feb 2023)
Cum. Fiscal DeficitLKR 1,601Bn (Nov 2022)

Sri Lanka is passing through low hydro-electricity generation season but NCRE contribution improved

EnergyMar 17, 2023
Sri Lanka is passing through low hydro-electricity generation season but NCRE contribution improved
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Due to the dry weather from January to May, Sri Lanka will have to depend on coal and thermal power for electricity generation. Last year crude oil prices per barrel went up to USD 105, which made power generation such a high-cost operation for the country. Comparatively this year it is priced at USD 82. Interestingly NCRE contribution has shot up from 2.5% to 8.5%.

Sri Lanka has succeeded in bringing more contributions of non-conventional renewable energy (NCRE) resources (Mini Hydro, Bio Mass, Wind, etc.,) to the national gride.

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