“We stands as a country with the highest energy costs in the region. The new government aims to change that situation and ensure energy is provided at a reasonable and affordable price. This must be done for the country’s development. In particular, we have kept high expectations for Renewable Energy. We are offering the private sector plenty of opportunities to invest in energy generation. We are working to follow a win-win approach that benefits both the government and investors. Functioning as a government that understands the values and expectations of investors, we are committed to providing quick solutions to their issues and working towards achieving the country’s energy targets,” said Minister Eng. Kumara Jayakody.
The Minister shared these views during a discussion held at the Ministry of Energy today (26), where relevant investors attended to discuss the progress and issues related to medium and large-scale renewable energy projects implemented under the Sri Lanka Sustainable Energy Authority.
During this meeting, the problems faced by those projects, their current status and progress, and various other pertinent issues were discussed with representatives of institutions involved in renewable energy projects.
It was revealed that these renewable projects are expected to integrate more than 500 MW of capacity into the National Power Grid over the next two years, and there is a high feasibility for this.
At the event, the Minister instructed the government officials to collaborate with the relevant government institutions to address the issues that have emerged and to make the necessary policy decisions promptly.