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Ceylon Petroleum Corporation, commonly known as CEYPETCO (CPC), is a Sri Lankan oil and gas company. Established in 1962 and wholly owned by the Government of Sri Lanka, it is the largest oil company in Sri Lanka. It was formed in 1961 by nationalisation and expropriation of all private oil companies in Sri Lanka at the time of its formation. [4]
The installed electrical capacity and production of Sri Lanka by sources, from 2000 to 2018. Sri Lanka's electricity demand is currently met by nine thermal power stations, fifteen large hydroelectric power stations, and fifteen wind farms, with a smaller share from small hydro facilities and other renewables such as solar.
Sri Lanka is pockmarked with many irrigation dams, with its water resource distributed across nearly the entirety of the island for agricultural purposes via artificial canals and streams. Utilization of hydro resources for agricultural production dates back to the pre-Colonial era , with the current crop production now largely dependent on ...
Services accounted for 58.2% of Sri Lanka's economy in 2019 up from 54.6% in 2010, industry 27.4% up from 26.4% a decade earlier and agriculture 7.4%. [41] Though there is a competitive export agricultural sector, technological advances have been slow to enter the protected domestic sector. [42]
Four Canadian ministers publicly unveiled on Tuesday a border security plan they had privately presented to U.S. President-elect Donald Trump's incoming administration, with an emphasis on ...
In ancient Sri Lanka, hydraulics were widely used in the ancient kingdoms of Anuradhapura and Polonnaruwa. [16] The discovery of the principle of the valve tower, or valve pit, (Bisokotuwa in Sinhalese) for regulating the escape of water is credited to ingenuity more than 2,000 years ago. [ 17 ]
The project, which was headed by the Sri Lanka Ports Authority and built by the Hyundai Engineering and Construction Company, was completed by 11 April 2012. The expansion project consisted of four new terminals that are 1,200 m (3,900 ft) in length and can accommodate three berths each, alongside a depth of 18 m (59 ft) (which can be deepened ...
The Sri Lankan economic crisis [8] is an ongoing crisis in Sri Lanka that started in 2019. [9] It is the country's worst economic crisis since its independence in 1948. [9] It has led to unprecedented levels of inflation, near-depletion of foreign exchange reserves, shortages of medical supplies, and an increase in prices of basic commodities. [10]
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