Sri Lanka’s export economy has been facing challenges in recent years from intense international competition and lack of investment, especially foreign direct investment. As a result, the government is stepping up its commitment to support exports, especially from industrial small and medium-sized enterprises.
Sri Lanka has a long history of developing economic zones, including export processing zones (EPZs), industrial parks (IPs), industrial estates, and special economic zones (SEZs). These areas are considered vital for attracting investment and building industry. Sri Lanka currently has 10 EPZs and two IPs throughout the country. They offer a...
Increased incidence of extreme weather patterns and rising domestic demand have strained Sri Lanka’s national grid in recent years, forcing the government to increase costly fuel imports and implement rolling power cuts as a result of periodic shortages. In its most recent energy development strategy, released in 2017, the state-owned...
How can responsible energy usage among households and industrial entities be encouraged?
Sri Lanka’s energy sector has undergone a significant transformation in recent decades, as growth in the economy and population have eroded the country’s capacity to meet its energy needs via hydropower, strained the national grid and pushed thermal generation to dominate the industry.
Sri Lanka’s electricity shortages have become increasingly severe in recent years, with declining hydro-power output, and chronic problems and breakdowns at the Lakvijaya coal station, a 900-MW plant located in Norochcholai. This, combined with rising Japanese and Indian interest in countering China’s geopolitical influence, has facilitated...
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