header logo
Asia asset finance
Mogo Academy
Latest
President stresses on expediting renewable energy generation
Dec 15, 202010:59 PM
President stresses on expediting renewable energy generation
Mobitel Inner

President Gotabaya Rajapaksa has examined the possibility of rapidly adding renewable energy sources such as wind, solar and natural gas to the power grid, says the President’s Media Division (PMD).

 

Many countries in the world today are turning to renewable energy sources for power generation, the President has noted.

 

As per “Saubhagyaye Dekma” Policy Statement, by 2030 the Government expects to meet 70% of the total electricity demand from renewable energy sources.

 

During a discussion on power generation held at the Presidential Secretariat today (15), President Rajapaksa has stated that the generation of renewable energy should be carried out expeditiously in a systematic manner with short-term objectives.

 

Government aims to meet the increasing demand for energy from renewable energy sources when implementing development projects in the future, the PMD said in its statement. Under its first phase the wind power project installed in the island of Mannar has added 30 megawatts to the main power grid.

 

By the end of the year 2021, this capacity will be increased to 100 megawatts. Wind farms are also being built centring Chunnakkam and Poonarin areas and it is also planned to gradually increase the power share generated using solar power and natural gas, the PMD added.

 

The President has emphasized that the government should intervene to remove all obstacles faced by private entrepreneurs when implementing projects while providing all incentives needed in this regard. The Ministry of Power and Energy is responsible for obtaining prior approval from other institutions and awarding it to investors. 

 

President Rajapaksa also said that the Board of Investments and the Ministry of Power and Energy should jointly take steps to explore investment opportunities and implement projects expeditiously.

 

Solar power generation is to be done under several schemes and one of the projects will be implemented to identify 100,000 Samurdhi families and to build solar panels on the roofs of their houses and provide them with an additional income, the PMD said.

 

The President has further stated that the Government should bear the cost of Rs. 800,000 per house for this project.

 

 

 

 

MostRead
Mobitel Upahara
VideoStories
Negombo Prison Violence: Two dead, 28 hospitalized;  Drug kingpin linked to deadly clash?

Negombo Prison Violence: Two dead, 28 hospitalized; Drug kingpin linked to deadly clash?

“Many insults are being hurled at Buddhist monks” Asgiri Chief Prelate calls for unity among clergy

“Many insults are being hurled at Buddhist monks” Asgiri Chief Prelate calls for unity among clergy

Agriculture Minister links excess rice consumption by public to high rate of diabetes in Sri Lanka

Agriculture Minister links excess rice consumption by public to high rate of diabetes in Sri Lanka

Dengue cases continue to soar as deaths rise to 39; PHIs intensity operation against dengue

Dengue cases continue to soar as deaths rise to 39; PHIs intensity operation against dengue

 Prices of multiple food items reduced from midnight today

Prices of multiple food items reduced from midnight today

Several farmers continue protests, demanding fair guaranteed paddy prices

Several farmers continue protests, demanding fair guaranteed paddy prices

Dengue cases continue to spike across several districts of the island

Dengue cases continue to spike across several districts of the island

Former Navy Commander Wasantha Karannagoda granted bail on two surety bonds

Former Navy Commander Wasantha Karannagoda granted bail on two surety bonds

Rakitha Rajapakshe, Charith Abeysinghe and another further remanded until July 17

Rakitha Rajapakshe, Charith Abeysinghe and another further remanded until July 17

Opposition Leader accuses Govt. of failing to honour its election promises

Opposition Leader accuses Govt. of failing to honour its election promises

Agriculture Minister vows to implement all possible measures to address farmers' concerns

Agriculture Minister vows to implement all possible measures to address farmers' concerns

 Court orders ex-SIS chief Suresh Sallay to provide Phone and laptop passwords to CID

Court orders ex-SIS chief Suresh Sallay to provide Phone and laptop passwords to CID

Bus fares increased from midnight on July 5 : Minimum fare raised to Rs. 34

Bus fares increased from midnight on July 5 : Minimum fare raised to Rs. 34

32 dengue related deaths reported this year : Public not taking situation seriously

32 dengue related deaths reported this year : Public not taking situation seriously

Sarvajana Balaya leader meets farmers in Medirigiriya : Farmers raise concern over paddy prices

Sarvajana Balaya leader meets farmers in Medirigiriya : Farmers raise concern over paddy prices

Lassana Flora