Inflation ( CCPI)0.9% (March 2024)
GDP4.5% (4Q 2023)
Unemployment4.3% (4Q 2023)
3M T-Bill Rate9.90%
12M T-Bill Rate10.21%
2Y T-Bond Rate10.85%/ 11.00%
4Y T-Bond Rate12.10% / 12.20%
USD/LKR298/299
Reserves $4.951Bn (March 2024)
Cum. Trade Deficit $860 Mn (Feb 2024 cumulative)
Cum. Fiscal DeficitLKR 2,020 Bn (Nov 2023)

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

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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