Notable
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
Competitive bidding to reduce costs
Mannar wind system has plant factor in excess of 40-pct
In Dhammika Perera we saw a person who would be very good to unlock the potential of Laugfs
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
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.
The PUCSL has been at logger head with Power Minister and CEB over uninterrupted power supply
CEB, regulator and Human Rights Commission
CEB agreed for uninterrupted power supply until February 17.
| 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 | - | - |
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
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."
Regulator has been in a tug-of-war with CEB, minister in the last 6 months.
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
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