By: Staff Writer
March 01, Colombo (LNW): The new government has launched a five year energy development plan on par with the Sri Lanka Renewable Energy Program with the assistance of World Bank and Global Environmental Facility (GEF) assisted green energy program.,
The ongoing Renewable Energy for Rural Economic Development (RERED) project is promoting the provision by the private sector, NGOs and cooperatives of grid-connected and off-grid energy services using environmentally sustainable renewable energy technologies.
The program supports the provision of electricity and socioeconomic improvements in rural areas through:(i) solar PV, hydro, wind and biomass renewable energy technologies; (ii) credit financing through private participating credit institutions; (iii) grant mechanisms for off-grid systems,
It provides technical assistance for income generation and social service delivery improvements based on villages’ access to electricity;
It also included technical assistance to promote energy efficiency, development of carbon trading mechanisms and integration of renewables into government policy, provincial council development strategies and sector reform initiatives.
The launch of the five-year renewable energy development plan, ” Green Energy Acceleration Plan 2025-2030″, presented by the Ministry of Energy, was held on February 27 at the Cinnamon Life Hotel in Colombo under the patronage of Prime Minister Dr. Harini Amarasuriya.
The plan outlines key strategies for identifying and implementing renewable energy methods and digital innovations, ensuring their efficient and environmentally sustainable use. It also highlights the economic benefits of renewable energy and its potential to strengthen the country’s financial stability.
Addressing the gathering, Prime Minister Dr. Harini Amarasuriya stated: “It is a pleasure to address you on this significant occasion of launching the Action Plan on Renewable Energy Management.
We are not just here to launch this project; we are here to transform our country into an energy powerhouse for the future. The Ceylon Electricity Board and the Sri Lanka Sustainable Energy Authority have taken the lead in steering Sri Lanka towards sustainable energy solutions.
She said that she is pleased that the Ministry of Energy has introduced a valuable five-year action plan, the Green Energy Acceleration Plan 2025-2030.
This initiative will promote sustainable energy consumption, identify renewable energy sources, and provide a comprehensive understanding of energy conservation and storage methods.
The primary objective of this plan is to reduce electricity demand and lower the initial cost of electricity in Sri Lanka by identifying and promoting the use of renewable energy sources.
The goal is to expand renewable energy production over the next five years and provide affordable electricity to all Sri Lankans.
The aim is to reform our energy acts in three key areas. First, we will ensure the provision of affordable and reliable energy through renewable sources such as solar, wind, and hydropower while minimizing carbon emissions.
Second, we will focus on educating the public on the significance of renewable energy and digital technologies and their role in accessing modern and reliable energy. Third, we will introduce advanced energy conversion methods to modernize the energy sector, aligning Sri Lanka with global advancements in the field.
This is not just a plan; it is a roadmap for the next five years. It encompasses various aspects, including the identification and development of energy sources, public awareness initiatives, implementation timelines, allocated funding, and necessary legal frameworks.
To ensure the success of this project, it is essential to leverage both local and international partnerships. Let us work together to meet the energy needs of all Sri Lankans using renewable energy solutions.
