Notable
They don't have flexibility to control because they have limited inertia
Taking large power plants off the grid reduces system stability
Sri Lanka's power grid lacks stability, due to lack if ability to handle large volumes of rootfop solar
United Petroleum, Sinopec and RM Parks were given distribution rights amid a currency crisis
Requests rooftop solar system owners to voluntarily switch off their solar inverters today until 3:00 PM
The users of 190 units are being charged 300 percent of cost and extraordinary tax on the families
CEB agreed for uninterrupted power supply until February 17.
Sri Lanka has been implementing intermittent power cuts since March last year
Sri Lanka's relationship with Saudi was hit by forced cremation under former president Gotabaya Rajapaksa
The PUCSL has been critical on excess electricity tariff hike planned by CEB
Sri Lankans face around 65% tariff hike on top of a similar price hike last year
Sri Lanka sees new anti-government protest amid high cost of living, taxes
Parliament last year amended a law to liberalize the lubricant industry which was controlled by the loss-making CPC
To revise the rates a public hearing is required which take a minimum of 45-days
new tariff hike is expected to increase the current rate by more than 50 percent
"We have secured around 25 coal shipments for this 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 | - | - |
Regulator has been in a tug-of-war with CEB, minister in the last 6 months.
Sri Lanka saw long queues for cooking gas last year
Government has already increased tariffs by over 50% in 2022
Their target is to earn 100 billion rupees from all citizens that uses less than 120 units in 2023
"Parties that came for tenders and put bids can no longer proceed on the basis of tenders."
CEB would need liquid fuel of Rs35bn before coal in January
"We think we can reduce the generating cost from 47 rupees a unit to about 40 35 rupees."
Those companies are talking among themselves to operate jointly as far as I know
Deliveries to start from February 2023
"PUCSL has not given sufficient increase in an August decision."
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