Sri Lanka joins hands with India to boost renewable energy projects

Sri Lanka will sign a memorandum of understanding (MoU) with India to develop renewable energy, with the goal of generating 70% of its electricity needs from renewable sources by 2030. The Sri Lankan Cabinet has approved a Memorandum of Understanding between the two nations on renewable energy cooperation, according to a spokesman for the Sri Lankan Cabinet. "The government has proclaimed generating 70% of the electricity needs by 2030 from renewable energy sources to achieve power supply independence and carbon neutrality by 2050," the official added.


India would also supply ongoing infrastructure transmission in areas agreed upon by both parties on the island, including the northern and eastern provinces, in collaboration with private and state entrepreneurs in India and Sri Lanka. Meanwhile, the National Thermal Power Corporation (NTPC) of India and the Ceylon Electricity Board (CEB) of Sri Lanka have agreed to jointly implement a solar power project in two stages in the same location where the previous coal power generation plant, generating 135 megawatts, was planned to be established in Sampoor, Trincomalee.

"As the first stage of this project, it is expected to implement a 50-megawatt solar power project with a total estimated investment of $42.5 million and construct a 220-kilowatt transmission line with a length of 40 kilometers from Sampoor to Kappalthure in the Eastern Province for $23.6 million, with this stage expected to be completed in two years from 2024 to 2025," the spokesman said.