Notable
Power outages results in more households turning to traditional stoves using firewood and kerosene, as back-up
The disturbance resulted in an imbalance between generation and demand, leading to cascading disconnections
Adani Group withdrew from its projects last week after the new government wanted to revise down prices.
Demand management measures, or power cuts, no longer necessary
Power restored to 85-pct of customers by Dec 04
ADB will give a 2.5 million a grant to build the capacity of un-bundled companies
Prices of Auto diesel price, Super diesel, petrol 95 Octane and 92 Octane remained unchanged.
"It is a cost-effective but highly risky power source," Gunawardana said.
"A reforms office will be opened at the Ministry of Power & Energy to see through the transformation."
Progress of the Renewable energy project of 500 MW in Pooneryn & Mannar
Also burdened with higher income tax and rising utility prices
Rs 22 bn from Bank of Ceylon and Rs50 bn from People's Bank
Sri Lanka has raised electricity tariff more than 100 percent in the last 7 months
"However I know one thing, and that is the CEB is unable to manage whatever the income they get."
Sri Lanka will finally end daily scheduled power cuts from Thursday February 16
Sri Lanka stops power cuts after increasing electricity tariff more than double from January last year
| 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 | - | - |
Tariff hike subject to conditions
Three members of the commission have instead approved the CEB filing in full
PUCSL chairman alleges irregular attempts to approve tariff hike
There have been claims and counter claims about hiking tariffs and costs
PUCSL was hit by resignations amid disputes over a tariff hike and other decisions.
Litro Gas is raising fuel through a price formula every month to prevent losses and borrowings
The price revision comes as the island nation is in discussion for a $2.9 billion IMF loan
The PUCSL has been at logger head with Power Minister and CEB over uninterrupted power supply
LIOC provide Rs5.6bn in taxes for the state
CEB, regulator and Human Rights Commission
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