Connect with us

News

Sri Lanka to sell renewable power to India

Published

on

Sri Lanka and India will sign a pact to link power grids and start negotiations on an upgraded trade agreement within two months, Sri Lankan High Commissioner in India  Milinda Moragoda has said.

India has provided some $4 billion in assistance to Sri Lanka since the crisis hit early last year, but the country is now seeking to enhance trade and investments as it moves to close a $2.9 billion loan from the International Monetary Fund, Mr. Moragoda told Reuters on Wednesday.

“We have to have growth, otherwise the economy will shrink. As far as growth is concerned, India offers that prospect. So we will have to move on from that. Tourism from India, investment from India, integration with India. That’s what we have to do,” Moragoda said.

A key part of Sri Lanka’s economic recovery plan rests on developing its renewable energy resources in the north, from where power can be transported into southern India through a cross-border transmission cable.

The two countries resumed talks on linking their electricity grids last year, and Moragoda said a memorandum of understanding on the project would be signed within two months, which will be followed by a feasibility study.

First proposed more than a decade ago, the project has made little progress so far. But Moragoda said Sri Lanka hoped to get the transmission line in place within two to three years so that renewable power produced can be sold to India.

“We need to have more sources of foreign exchange and electricity will be ideal,” he said. India is Sri Lanka’s biggest trading partner accounting for about $5 billion each in bilateral trade in 2021.

News

Colombo air show and CADE 2024 exhibition postponed to next year

Published

on

By

The Colombo Air Show and Defence Exhibition (CADE 2024), initially set to take place from May 29 to June 2 at Galle Face and Colombo Port City, has been postponed to next year, according to the Sri Lanka Air Force (SLAF).

The SLAF stated that the decision to reschedule the event was made in response to multiple requests from international partners, defence industry stakeholders, and foreign Air Forces. This postponement aims to enhance participation and provide a more diverse experience for spectators.

The rescheduled event will now be held from February 26 to March 2, 2025, coinciding with the 74th anniversary of the Sri Lanka Air Force.

Continue Reading

News

 Gurudev Sri Sri Ravi Shankar arrives in Sri Lanka

Published

on

By

The Global Peace Ambassador and Spiritual Leader Gurudev Sri Sri Ravi Shankar arrived in Sri Lanka this afternoon (18) for a three-day visit. He was welcomed at Bandaranaike International Airport (BIA) in Katunayake by State Minister of Defence Premitha Bandara Tennakoon and Eastern Province Governor Senthil Thondaman.

During his stay from May 18 to 20, Gurudev Sri Sri Ravi Shankar will participate in an event titled ‘Ekamuthuva: An Evening of Music, Meditation and Wisdom,’ which will be held at Taj Samudra on May 19. Renowned for his global humanitarian efforts and as a peace envoy, Gurudev Sri Sri Ravi Shankar is also an Indian yoga guru and the founder of ‘Transcendental Meditation’.

Continue Reading

News

President leaves for Indonesia

Published

on

By

President Ranil Wickremesinghe has left for Indonesia this morning (18) to attend the 10th World Water Forum High-Level Meeting in Bali, at the invitation of Indonesian President Joko Widodo.

The 10th World Water Forum is being held from May 18th to 20th in Bali, Indonesia.

This significant gathering, themed “Water for Shared Prosperity,” will convene global leaders to address pressing issues related to water management and sustainability.

President Wickremesinghe left for Indonesia on Saturday, following an invitation from Indonesian President Joko Widodo, underscoring Sri Lanka’s commitment to international cooperation on water-related challenges.

Scheduled to deliver a keynote address on May 20th, President Wickremesinghe will articulate Sri Lanka’s perspective on achieving equitable access to water resources for all, the President’s Media Division said.

During the forum, President Wickremesinghe is expected to engage in bilateral discussions, including a meeting with President Widodo, to explore avenues for collaborative action in water resource management.

His delegation, comprising senior officials from the Presidential Secretariat and the Ministry of Foreign Affairs, reflects Sri Lanka’s comprehensive approach to addressing global water issues.

President Wickremesinghe’s participation underscores Sri Lanka’s proactive role in advancing sustainable solutions to ensure water security, not only domestically but also on the global stage, the PMD said.

Continue Reading

Trending

Copyright © 2024 Sri Lanka Mirror. All Rights Reserved