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%
Reserves $5.6Bn (June 2024)
Cum. Trade Deficit $2,180 Mn (May 2024 cumulative)
Cum. Fiscal DeficitLKR 361Bn (April 2024)

Hydro and renewable energy contributes nearly 80% of the electricity generation

EnergyDec 10, 2023
Hydro and renewable energy contributes nearly 80% of the electricity generation

The continuation of the rain and boost in solar electricity have pushed low-cost electricity generation sources to contribute a substantial portion of Sri Lanka’s electricity generation in the recent past. Hydro and renewable energy now contribute nearly 80%.

As per Prof. L R Watawala, the average generation cost of hydro is LKR 2.32 per KWh very much less than thermal (fuel) LKR 29.94 per KWh and LKR 9.81 per KWh for coal (end 2022).


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