Economics

WindForce Achieves Stellar Q1 Performance with 87% Surge in EBITDA

  • August 16, 2024

WindForce PLC has reported an exceptional financial performance for the first quarter of the 2024/25 fiscal year, showcasing significant growth across key metrics. The company’s EBITDA surged by an impressive 87%, reaching Rs. 1.95 billion, up from Rs. 1 billion during the same period last year, reflecting the company’s strategic advancements and robust market position.

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Economics

Rooftop Solar Tariffs Unchanged Amid New Renewable Energy Rate Revisions

  • August 6, 2024

The Public Utilities Commission of Sri Lanka (PUCSL) has decided to keep the payments for rooftop solar power plants unchanged, despite recent revisions to rates for renewable energy projects. According to a circular from Ceylon Electricity Board (CEB) General Manager Dr. Narendra Silva, the rate of Rs. 37 per unit for solar electricity, set in

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