Sri Lanka to implement renewable energy generation plan starting June

By Sakina Raj  | Date: 2022-05-30

Sri Lanka to implement renewable energy generation plan starting June

Sri Lanka has reportedly decided to implement the renewable energy generation plan starting June 1st. This move comes amidst the country facing a power crisis.

The Ministry of Power and Energy held a discussion where it was decided to urgently implement the plan. The urgency was imminent as the fuel charges for power generation surpassed USD 100 million per month.

So far, two measures are being taken under the Renewable Energy Generation Plan. The government is preparing to search for roof spaces to deploy solar panels on government, industrial hotels, and hospital roofs.

Furthermore, CEB (Ceylon Electricity Board) would manage the hydropower and thermal plants to help reduce generation costs at night and save money during the day.

In the case of the second measure, proposed projects will receive provisional approvals alongside a reasonable fee revision.

After the issuance of the purchase agreement, the project will be implemented in collaboration with the Sustainable Energy Authority, the Ceylon Electricity Board, and the investor. It will improve the transmission line as well as the national grid capacity.

Moreover, selected renewable projects will be accommodated with large-scale investments with the completion of the technical and financial evaluation.

For the record, Sri Lanka is going through an unprecedented crisis with fuel and food shortages, power cuts, and surging prices affecting most citizens. This has resulted in major protests which led to the resignation of Ex-Prime Minister Mahinda Rajapaksa and the appointment of new Prime Minister Ranil Wickremesinghe.

The Sri Lankan President Gotabaya Rajapaksa urged all lawmakers to unite and find a solution to the pressing problems of the citizens.

He made this remark on Vesak Poya Day, which celebrates Lord Buddha’s birth, enlightenment, and death. Furthermore, the newly appointed Prime Minister Wickremesinghe issued a message that dedicating resources to restore lives is a promise to Lord Buddha.

Source credits: https://www.business-standard.com/article/international/sri-lanka-to-implement-renewable-energy-generation-plan-from-june-1-122052900155_1.html

About Author

Sakina Raj     aeresearch.net

Sakina Raj

Armed with a degree in English Literature, Sakina chose to explore the world of content writing and pursue it as a career. Sakina has been playing with words for over five years now and currently pens down articles relating to diverse domains for BonafideNews and vari...

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