Notable
Trincomallee is now to be developed as an energy hub
Offers 1MW flash charging
It is likely to be as promotional tariff
It may take till April to make the January tariff proposal
Renewable energy investors also cannot work with the uncertainty of the flexible exchange rate
As a general policy we want to buy all electricity units on a competitive basis and bring down costs
Fuel Quota currently allowed on the National Fuel Pass QR system will be increased from the next month
“Being a member of an independent commission does not allow him to make political decisions."
No mention was made of the proposed tariff for industrial or commercial users.
Sri Lanka parliament has 'bizarre record' over independent commissions
Expected to begin operations within 45 days of licensing
Nearly 200,000 users had moved down to the below 30 unit a month category
Costs estimated for the second half of 2023 had a fallen around 27 percent
The contract will run from June 01, 2023
The operating loss was down to 19.2 billion rupees from 35.1 billion rupees
There will be no power cuts due to the shutdown, Minister said.
| Latest | Last | |
|---|---|---|
| US Dollar | 332.3603 | 330.8514 |
| UK Pound | 440.9424 | 438.3450 |
| Euro | 368.4879 | 371.0168 |
| Yen | 2.0805 | 2.0916 |
| Aus Dollar | 227.4342 | 231.1659 |
| Latest | Last | |
|---|---|---|
| Indian Rupee | 3.5474 | 3.4202 |
| Korean Won | 0.2492 | 0.2479 |
| Oman Rial | 863.2287 | 859.3320 |
| Saudi Riyal | 88.5586 | 88.0955 |
| UAE Dirham | 90.4874 | 90.0766 |
| pts | % | |
|---|---|---|
| S&P SL20 | 6,365.57 | +0.26% |
| CSE All Share | 22,157.40 | +0.56% |
| Turnover Rs | 2975.05 million | 1193.67 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 | - | - |
Petrol sales for the first quarter was down 25.8 percent to 286,000 MT
The minister's report was presented in terms of Clause 7 of the Public Utilities Commission Act.
CPC is now being broken up to improve competition
The move also comes as the government will have to face elections at least by next year.
Current regulator to be abolished
Profits up with currency fall
Petrol taxed at Rs77 a litre, diesel Rs51 a litre
The minister met a Sinopec team that arrived in the island the previous day to finalise the agreements.
“The misuse of the QR code has also gone down after the amount was increased.”
Under the project 20 riders will be recruited to pilot e-bikes for delivery services.
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