Notable
The committee has noted that existing electricity price can be reduced by about 33%.
The CEB expects to reduce rates by at least the same rates and percentages it was increased in October 2023.
Maintenance and repairs deemed non-essential have been postponed to 2025 and 2026, an official said.
Sri Lanka is unable to buy Iran crude since 2012 after the US sanctions
UAE top delegation comes to Sri Lanka following President Dissanayake visit to Dubai in February
By end Feb CPC may lose Rs11bn
No scheduled power cuts allowed
The partnership continues to work towards energy security of Sri Lanka
Today we hope to publish a schedule of power cuts which will allow consumers to plan their activities
The power grid will not be be able to ensure 50Hz in the grid without Victoria and Kotmale
The president said the Ceylon Electricity Board (CEB) has said it is “difficult to balance the grid”.
Avoiding one hour power cuts is leading to further severe depletion of water storage
The CEB said the night peak demand for Wednesday was expected to be 2,640 MW.
In March 2022 we will also auction the M2 exploration block for investors
The CEB said the predicted peak demand for Monday evening is 2,280 mega watts.
| Latest | Last | |
|---|---|---|
| US Dollar | 332.5018 | 332.3603 |
| UK Pound | 440.0661 | 440.9424 |
| Euro | 367.7137 | 368.4879 |
| Yen | 2.0793 | 2.0805 |
| Aus Dollar | 226.4670 | 227.4342 |
| Latest | Last | |
|---|---|---|
| Indian Rupee | 3.5357 | 3.5474 |
| Korean Won | 0.2494 | 0.2492 |
| Oman Rial | 863.5962 | 863.2287 |
| Saudi Riyal | 88.5939 | 88.5586 |
| UAE Dirham | 90.5259 | 90.4874 |
| pts | % | |
|---|---|---|
| S&P SL20 | 6,293.72 | -1.13% |
| CSE All Share | 22,024.18 | -0.60% |
| Turnover Rs | 3232.70 million | 2975.05 million |
| Latest | Last | |
|---|---|---|
| 3-m bill | 7.61 | 7.84 |
| 6-m bill | 7.91 | 8.26 |
| 12-m bill | 8.23 | 8.3 |
| 3-yr bond | 9.24 | 9.25 |
| 5-yr bond | 9.82 | 9.56 |
| 8-yr bond | 10.50 | 10.48 |
| today | yesterday | |
|---|---|---|
| Overnight Money | 7.70 | 7.69 |
| Gilt Repo | 7.74 | 7.72 |
| I-m SLIBOR | - | - |
State-run CPC prices unchanged
'Green' hydrogen will be generated using a floating solar and wind farm.
Proposals to be called
Cabinet approves unsolicited proposal for Cyprus company to supply crude on 180-day credit
IOC will supply the fuel
If the CEB spends their own money and imports fuel, we are prepared to transport and store oil free
"The refinery resumed operations today," a source at the ministry told EconomyNext.
Shortfall to be bridged through conservation and private generators
Reflects the risk of disruptions to operations from fuel shortages and heightened counterparty risk
CEB is facing heightened challenges in importing fossil fuels
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