The Ministry of Energy, under the direction of Secretary Professor Udayanga Hemapala, has launched a detailed review of several renewable ...
The Ministry of Energy, under the direction of Secretary Professor Udayanga Hemapala, has launched a detailed review of several renewable energy projects previously signed in Sri Lanka, aiming to ensure these projects maximize benefits for the nation. The assessment includes around 40 wind and solar energy projects, such as the prominent Mannar wind power project, with energy generation capacities ranging from 5 to 100 MW.
The primary goal of this review is to re-evaluate project agreements that may have been established under conditions potentially unfavorable to the country. These renewable energy initiatives are being examined for their economic and environmental efficiency, including the cost of electricity per unit and any added economic benefits.
“Some land allocated for these projects could potentially serve better agricultural purposes, providing dual benefits if utilized correctly. Thus, our team will look into optimizing land use while also balancing the country’s energy needs,” Professor Hemapala explained.
The committee, appointed specifically for this review, will provide recommendations on modifying or optimizing the implementation of these projects. They will consider aspects such as project location, cost-effectiveness, and ways to enhance economic returns. Their report, expected within a month, will be the foundation for reshaping the projects to ensure they are implemented in a way that maximally benefits Sri Lanka’s economy, environment, and energy security.
Following the submission of the report, the Ministry will re-negotiate project terms if necessary, aiming to foster an energy strategy that aligns more closely with Sri Lanka's national interests and sustainable development goals.
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