Sri Lanka targeting affordable renewable energy -Patali Champika Ranawaka
Posted on June 10th, 2015

Adaderana

Minister of Power and Energy Patali Champika Ranawaka says that his Ministry has developed a comprehensive Sri Lanka Energy Sector Plan for a knowledge based Economy for a ten year period until 2025.

This is for the entire energy sector of the country minimizing our dependence on importing fossil fuel for energy generation and to offer our citizens an affordable and cleaner and green energy in the future,” he said.

The minister was addressing a Climate Change Forum on ‘Favouring a green economy and sustainable urban development’ organised by the Embassy of France in Colombo today (10).

He stated that for the first time since many years entire energy sector institutions have been joined under one roof.

This includes subjects of power, renewable energy, petroleum exploration, distribution and also atomic energy as well.

Our aim is to develop the entire energy sector institutions into a collective synergetic mass so that efficiency and effectiveness of the entire sector will be improved paving way for ultimate energy security of the country,” he said.

It has been calculated that nearly 50 % of Sri Lanka’s export income has to be spent to meet the country’s import  demand of fossil fuel which is equivalent to approximately  5 billion US$ annually, the minister revealed.

This is an astronomical figure which needs serious attention. This should not be continued if our country is to be developed and we need to find alternative strategies to meet our energy demands sustainably and economically.”

We need to create our energy independence also so that we will not be vulnerable to external shocks.”
Ranawaka said his ministry is now in the process of approving 100 MW of renewable energy projects including mini hydro, solar, solar thermal, waste to energy etc. as a major step in this direction.

The strategy is prepared under Eight Thrust areas with the objective of providing reliable, sustainable, affordable and high quality energy supply for Sri Lanka’s economic prosperity, he said.

We are working on introducing a pricing formula in the near future,” he said, adding, this will be based on correct variables and indices for both electricity and fuel so that the entire pricing process will be transparent to the general public.

What we need is to find the correct balance between the environmental preservation and our economic prosperity.”

2 Responses to “Sri Lanka targeting affordable renewable energy -Patali Champika Ranawaka”

  1. NeelaMahaYoda Says:

    It has been calculated that nearly 50 % of Sri Lanka’s export income has to be spent to meet the country’s import demand of fossil fuel which is equivalent to approximately 5 billion US$ annually, the minister revealed.
    One thing this fool should understand is that the fuel consumption can also be drastically reduced by increasing the fuel tax as other developed nations do. In England litre of petrol is £1.18 (Rs 236), out of which more than 60% is fuel tax.

  2. Lorenzo Says:

    PaCha Ranawaka has FORGOTTEN that his election promise to REDUCE fuel prices (cut taxes govt. earns) INCREASED fuel consumption! What a damn idiot. This is the SAME with all YAAPA(LA)NAYA idiots. They don’t take responsibility for their STUPID DUMBASS action.

    Had the YAAPA(LA)NAYA fools NOT cut the petrol, etc. prices to win votes, our fuel bill would be a FEW HUNDRED MILLION DOLLARS less.

    So you won votes by reducing fuel prices, now pay for it idiot.

    Think before you jump. MR could have easily reduced fuel price and won votes. But he didn’t. He was a RESPONSIBLE LEADER (subject to some problems).

    Same with INCREASED public govt. salaries. MR could have done that to win votes but he didn’t. YAAPA(LA)NAYA idiots gave a salary increase to win votes and now struggling to find the money. What a bunch of damn idiots.

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