COLOMBO, May 30 (Xinhua) -- The Sri Lankan government will launch a rapid renewable energy generation plan from June, in order to overcome the ongoing energy crisis as the country faces frequent power outages due to the shortage of fuel, local media reported on Monday. Plans will be executed...
Regional fuel prices are significantly higher than Sri Lanka Sri Lanka pitches into darkness and its people form lines at fuel stations due to the ongoing energy crisis. Fuel, which is the single largest import accounting for 18% of the country’s total import expenditure, cost an alarming USD...
SRI LANKA-ENERGY: POWER CRISIS LOOMS AS DROUGHT SETS INIshnala Samarasinghe
Sajith Premadasa, the current Sri Lankan opposition leader, emphasized that while the country is “extremely grateful” for India’s help in the current crisis, the government needs to ensure that Sri Lanka’s sovereignty and political independence are not impacted by the situation. “What Sri La...
“If one creditor or creditors are not willing to provide these assurances, that would indeed deepen the crisis here in Sri Lanka and would undermine the repayment capacity,” Peter Breuer, senior IMF mission chief told reporters in Colombo when asked what if China does not agree on...
Meanwhile, Sri Lanka has a number of diesel-run power plants that the country depends on to provide an uninterrupted supply of power during the dry season, between January and May. The Ceylon Electricity Board has been forced to shut down 350 megawatts of diesel power plants from late February...
energy by Sri Lanka has gained traction in recent months. The current National People’s Power (NPP) government in Sri Lanka has expressed support for integrating nuclear energy into the country’s long-term energy strategy as a means to diversify and strengthen the nation’s energy ...
Crisis-Hit Sri Lanka Hopes for Over $1 Billion in Foreign Investment This Year More Reuters A woman reacts as she waits in line to buy a domestic gas tank near a distributor, amid the country's economic crisis, in Colombo, Sri Lanka, June 1, 2022. REUTERS/Dinuk...
Sri Lanka has been facing a severe economic crisis since the country defaulted on its external debt servicing on April 12, 2022. The prime minister said all parliament members must work together to solve the crisis faced by Sri Lanka, adding that by next week he would present to parliament ...
Sri Lanka is expecting severe fuel shortages to ease with shipments from an Indian credit line beginning to come, Ceylon Petroleum Corporation Chairman Sumith Wijesinghe said, as the island nation reels from forex shortages triggered by money printing.