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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]
Solar power is a relatively young segment in the energy industry of Sri Lanka. As of 2015, only a few grid-connected solar farms were operational, including a state-run facility. Despite at least half a dozen private companies applying for development permits for photovoltaic and solar thermal projects, [24] most have not actually commenced ...
On 25 February 2016, the entire country of Sri Lanka experienced a 3-hour blackout due to a bolt of lightning striking the national power grid. [18] On 13 March 2016, Sri Lanka experienced another 7-hour island-wide blackout due to a damaged transformer in the 220 kV substation at Biyagama. It is considered to be the worst nationwide power ...
Electricity in Sri Lanka is generated using three primary sources — thermal power (which includes energy from biomass, coal, and fuel-oil), hydro power (including small hydro), and other non-conventional renewable energy sources (solar power and wind power): Installed generation capacity by year (in megawatts) Source.
Mahaweli Development programme. The Mahaweli Development program (Sinhala: මහවැලි සංවර්ධන වැඩසටහන) is known as the largest multipurpose national development program in the history of Sri Lanka and is also considered the keystone of the government's development program that was initiated in 1961.
The Samanala Dam (Sinhala: සමනලවැව වේල්ල) is a dam primarily used for hydroelectric power generation in Sri Lanka. Commissioned in 1992, the Samanalawewa Project (Samanala Reservoir Project) is the third-largest hydroelectric scheme in the country, producing 405 GWh of energy annually. It was built with financial support ...
The mixed economy of Sri Lanka was worth $84 billion by nominal gross domestic product (GDP) in 2019 [ 32 ] and $296.959 billion by purchasing power parity (PPP). [ 33 ] The country had experienced an annual growth of 6.4 percent from 2003 to 2012, well above its regional peers.
e. The National People's Power (NPP) or Jathika Jana Balawegaya (JJB) is a socialist political alliance in Sri Lanka led by the Janatha Vimukthi Peramuna. It was established in 2019. [1][9] The NPP consists of 21 political parties and other organisations. [10] It contests in elections under the compass symbol.
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