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The Sri Lanka Interbank Payment System, commonly known as SLIPS, is a LKR-only online interbank payment and fund transfer system in Sri Lanka. [1] [2]SLIPS is owned by LankaClear, an organization owned by the Central Bank of Sri Lanka and all Licensed Commercial Banks operating in Sri Lanka, with 47.19% of shares held by the CBSL and State owned commercial banks, and 52.81% by other private banks.
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.
LECO partnered with the University of Moratuwa to begin a microgrid pilot project in Sri Lanka with financial assistance from the Asian Development Bank.The aim of the project is to contribute to Sri Lanka's stated target of 70% of power generation through renewable sources by 2030. 32,411 rooftop solar units have already been installed in the country as of April 2021, with a total capacity of ...
The General Direction No 01 of 2018 as per the Monetary Board of the Central Bank of Sri Lanka under section 44 of the Payment and Settlement Systems Act No 28 of 2005 came into immediate effect as of 25 July 2018 implies to the operations of the Common Electronic Fund Transfer Switch, Lanka Clear (Pvt) Ltd and members of CEFTS. [8]
The commission has recently been assigned the task of producing Sri Lanka's long-term power generation plan in the middle of power shortages and an impending energy crisis in the country- the Electricity Supply 2020 and Beyond report has been the subject of minor controversy, with unionized employees of the Ceylon Electricity Board in ...
The Online Safety Bill, which passed with 108-62 votes, aims to “make provisions to prohibit online communication of certain statements of fact in Sri Lanka” and “prevent the use of online ...
The Ministry of Power and Energy [1] (Sinhala: විදුලිබල හා බලශක්ති අමාත්යාංශය; Tamil: மின்சக்தி மற்றும் வலுசக்தி அமைச்சு) is a cabinet ministry of the Government of Sri Lanka responsible for power and renewable energy.
Sri Lanka is still reeling from its worst economic crisis, which hit the island nation two years ago. The country declared bankruptcy in 2022 with more than $83 billion in debt, more than half of ...