Sri Lankan authorities to implement the long-delayed renewable energy projects

Sri Lankan authorities to implement the long-delayed renewable energy projects

Sri Lanka’s state owned utility company, the Ceylon Electricity Board (CEB) has reportedly stated it has already taken measures to implement the long-delayed renewable energy projects including mini hydro, solar, and wind power generation.

CEB Chairman Eng. Vijitha Herath has told The Morning that there were several issues regarding the renewable energy projects, due to which its implementation was delayed.

Nevertheless, the CEB is now taking measures to implement all possible projects in the pipeline, he has said.

“We have already signed agreements with mini hydro power producers. During the past four years, the CEB only added 250 MW, but this year, we have already tendered 150 MW of solar and there is another 150 MW of solar to be tendered,” he has said, adding: “Another 100 MW of wind power would also be added to the national grid.”

Herath has further noted that the delayed projects including the Broadlands Hydropower and Uma Oya Hydropower Projects would be completed this year.

The Chairman has added that the CEB would be able to complete all renewable energy projects in the pipeline by next year.

OSL take:

The government of Sri Lanka is focused on promoting renewable energy generation projects in the country as a solution to the looming power crisis in the country. There are many business/investment opportunities in Sri Lanka’s power sector. Sri Lanka is yet to bridge the shortfall in the power grid and the solution is being looked at in the renewable energy sector. Foreign businesses/investors could explore business/investment opportunities in Sri Lanka’s power sector. 

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Article Code : VBS/AT/20200908/Z_1

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