Sri Lankan government records 9.6 percent increase in power generation in the first quarter of 2018
Official statistics of the Sri Lankan government has noted that the power generation in the country has expanded 9.6 percent to 3,838 GigaWatt hours in the first quarter of 2018, sharply up from 0.7 percent growth a year earlier.
According to a local media report, Sri Lanka power generation is usually a reliable guide to economic activity, though gross domestic product estimates themselves may change due to the composition of generation or other factors.
Power generation has reportedly grown only 3.7 percent in the full year 2017 to 14,671 GWh.
In the month of March, the power generation has expanded 9.6 percent to 1,374 GWh after growing 11 percent in February.
In March, hydro power generation by the state-owned Ceylon Electricity Board (CEB) has increased to 208 GWh from 118 GWh last years. Fuel oil generation has increased to 258GWh from 199.
Coal power has risen 6 percent to 590GWh and private sector generation has recorded a fall of 44 percent to 318GWh.
OSL take:
The increase in power generation recorded by the Sri Lankan government in the first quarter of 2018 is an indication of the growing demand for power in the country. The government in anticipation of a power crisis in 2020 is currently engaged in exploring renewable energy options. Foreign businesses/investors could look for investment opportunities in Sri Lanka’s power and energy sector.
| Article Code : | VBS/AT/20180720/Z_5 |