nsb

Feb 12, 2017

Sri Lanka makes a turning point in private sector power procurement

Making a turning point in the power procurement from the private sector in the power supply history of Sri Lanka, Ministry of Power and Renewable Energy will be opening the second phase of the countrywide solar power initiative, the “Battle for Solar Energy” in a move to boost the sustainable power generation in the country next week.

Disclosing details of the program Minister Ranjith Siyambalapitiya said that60 Megawatt solar energy generation initiative is to be implemented under the second phase providing Benefits for around six million electricity consumers in the country.

An opportunity will be given to medium scale entrepreneurs to become solar power producers to supply solar power at competitive prices.

A special regulation of allowing one person to purchase one mega watt of power will also be introduced he disclosed.

At present 50 percent of electricity production in Sri Lanka is supplied by renewable energy sources and it is expected to increase this percentage to 60 percent in 2020 and to 70 percent in 2030.

Accordingly, it is required to build wind power plants of 600 MW and solar power plants of 3000 MW within the next 10 years.

The 'Battle for Solar Energy' (Soorya Bala Sangramaya) program which received the cabinet approval will encourage the consumers to join in power generation by installing small solar power plants established on the roof of their houses.

The Ministry expects at least 20 percent of consumers to produce electricity to meet their energy requirement and the government plans to pay for the excess electricity generated by the consumer.

Consumers, who generate the solar power in this manner under this program, will have the opportunity to contribute the excess electricity to the National Power Grid. The Electricity Board is ready to pay 22 rupees for one megawatt of power generated by the consumers.

A program will be implemented to provide solar panels under a concessionary loan scheme while Plans are underway to establish Solar Power Parks.

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