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Ceylon Petroleum Corporation: What Drives the Losses?

Ceylon Petroleum Corporation (CPC) is the state-owned enterprise in Sri Lanka with the largest accumulated losses – estimated at LKR 335 billion as of 2020.

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Power Cuts in Sri Lanka 2012

This report provides a detailed analysis of the main reasons attributed to the power crisis prevailing in Sri Lanka during a greater part of the year. It identifies how these reasons; namely, the unexpected high growth in demand, shortage in generation capacity, reduced rainfall in catchment areas and the breakdown of the Chinese-built coal power station, cannot fully explain the crisis. The report also classifies a policy decision which has been implemented to reduce costs but may have been utilized rather aggressively, resulting to have contributed to the power crisis.

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