Notable
The loan will be covered by a Treasury Guarantee
New govt was heavily criticized for reports of cancelling competitive bidding process
Under previous govt, decision was made for CEB to follow open tender process in buying fuel
CEB has been running at a loss until price adjustments done in 2022 based on market values
Concerns raised over foreign financing in particular
10 MW Sooryashakthi Solar Power Project in Sri Lanka's eastern Batticaloa region,
All groups will have one hour of power cuts between 6.00 pm to 9.00 pm
The government procurement system does not allow long term contracts.
One Monday, power cuts will be one hour in the day time and one hour in the night
He said on Tuesday August 30 that the purchase of fuel-run vehicles for state services will be stopped.
Coal plant repair has reduced power cuts
It costs 32 rupees to generate one unit of electricity.
"As the Samagi Jana Balawegaya, we propose that a direct cash transfer is made to these groups."
"As Minister of Power & Energy, I will fully support the setting up of such a committee."
Coal plant re-connected amid low demand Sunday
Power cuts to depend on hydro and other fuel
| 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 | - | - |
Power cuts of 1 hours and 40 minutes between 01.00 pm and 06.00 pm and 1 hour 20 minutes from 06.00pm to 10.00 pm.
Power cuts worsened by coal plant outages
The project has been awarded to 3W Power Management Ltd.
Coal plant expected to be back on stream on August 29
One-hour power cuts were extended due to a breakdown in Norochcholai coal power plant
Power cut durations were extended to three hours last week due to a breakdown at the Norochcholai coal power plant.
The move also aims to promote a greener transportation sector, a statement said.
The announcement came at a time when relations between India and Sri Lanka are being tested.
Sri Lanka has enough capacity to manage the next two weeks, while Unit 1 was brought back online.
Currently only Unit 3 of the Norochcholai power plant is in operation.
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