The Ministry of Energy, led by Secretary Professor Udayanga Hemapala, has initiated a comprehensive review of several renewable energy projects across Sri Lanka. This evaluation focuses on ensuring that these initiatives deliver maximum economic and environmental benefits to the nation.
The review encompasses approximately 40 wind and solar energy projects, including the notable Mannar wind power project, with energy capacities ranging from 5 MW to 100 MW. The Ministry aims to assess the overall efficiency of these projects while aligning them with Sri Lanka’s broader goals of sustainable development and energy security.
Re-Evaluating Agreements for Better Outcomes
A key objective of this review is to revisit project agreements that may have been formed under conditions less favorable to the country. The Ministry is carefully examining the economic and environmental efficiency of these projects, including the cost of electricity generation and additional economic benefits.
Professor Hemapala emphasized the importance of optimizing land use, stating, “Some land allocated for these projects could potentially serve better agricultural purposes, providing dual benefits if utilized correctly. Our team is committed to balancing the country’s energy needs with optimal land utilization.”
Committee to Propose Recommendations
A dedicated committee has been established to lead the review process. Their focus includes assessing project locations, evaluating cost-effectiveness, and identifying ways to enhance the economic returns of each initiative. Their findings, expected within a month, will guide adjustments to ensure that these projects contribute significantly to Sri Lanka's economic and environmental objectives.
Moving Toward Sustainable Development Goals
Once the committee delivers its report, the Ministry of Energy will consider renegotiating project terms as needed. The ultimate aim is to develop a renewable energy strategy that prioritizes national interests while supporting sustainable development goals.
This proactive approach reflects Sri Lanka’s commitment to advancing its renewable energy sector while ensuring that its economic and environmental resources are managed effectively.
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