Notable
Competitive bidding to reduce costs
Murban is considered as the next best alternative to Iranian light crude
Mannar wind system has plant factor in excess of 40-pct
National long-term rating of CEB and its senior unsecured debentures have been upgraded to A(lka) from BB+(lka)
India has also proposed a submarine pipeline to connect Trinco with India
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."
| 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 | - | - |
Existing coal stock are enough to operate two coal plants till January 08
Delayed monsoons reduce hydro resources
Sri Lanka faced 13 hour power cut in March this year after the govt could not import fuel
As directed by PUCSL, CEB Board of Directors & Trade Unions have agreed to forego bonus for the year 2022
Power regulator chief has been opposing many moves by power minister
Sri Lanka has been in deal for LNG plan since 2000, but successive govts have failed to finalize deals
A new electricity act will be enacted
"Most CEB unions and senior management agree that a revision is needed," he said.
Prices of all other fuel were kept unchanged
Sri Lanka's cooking gas distribution is gradually recovering after shortage in mid 2022.
Use of and/or registration on any portion of this site constitutes acceptance of our User Agreement (updated 1/1/20) and Privacy Policy and Cookie Statement (updated 1/1/20). Your California Privacy Rights. The material on this site may not be reproduced, distributed, transmitted, cached or otherwise used, except with the prior written permission of Condé Nast. Ad Choices.
Gain clarity on the biggest stories of the day with our daily newsletter, Morning Briefing
© 2023 Echelon Media (PVT) Ltd. All Rights Reserved
4 min read