Sri Lanka to implement € 924,063 German grant for energy-efficient buildings programme
Daily FT: The Cabinet of Ministers has approved the implementation of a German-funded programme to promote energy-efficient and climate-resilient buildings in Sri Lanka under a financial grant of € 924,063 (around Rs. 314 million).
The programme will be implemented under the existing framework agreement on technical cooperation between the Governments of Sri Lanka and Germany. Announcing the decision at the weekly post-Cabinet meeting media briefing recently, Cabinet Spokesman, Minister Nalinda Jayatissa said the initiative will be carried out by the German development agency Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) in collaboration with Sri Lanka’s Energy Ministry and the Sustainable Energy Authority.
“The initiative aims to support Sri Lanka in developing policies, institutional frameworks and technical capacity to improve the design, construction and maintenance of energy-efficient and climate-resilient buildings,” he explained.
The proposal to this effect was submitted by Energy Minister Anura Karunathilake.
OSL take:
The Cabinet’s approval of the German-funded programme to promote energy-efficient and climate-resilient buildings reflects Sri Lanka’s continued focus on sustainable energy development and highlights the growing business/investment opportunities for foreign businesses/investors in the renewable energy sector. As electricity demand rises alongside the country’s economic expansion, Sri Lanka is increasing investments in clean energy, energy efficiency and modern power infrastructure. The sector offers business/investment opportunities across solar, wind, biomass and small hydropower projects, as well as energy storage, smart grid technologies, green building solutions and energy-efficient equipment. With the Sri Lankan Government encouraging greater renewable energy integration and international partnerships through technical cooperation and investment, Sri Lanka presents an attractive destination for overseas businesses/investors seeking to participate in the country’s transition towards a cleaner, more resilient and sustainable energy future.
| Article Code : | VBS/AT/20260717Z_3 |