- Sri Lanka’s energy minister said Sri Lanka is hopeful of making progress on two delayed wind energy projects to be built by India’s Adani.
- Hydropower, coal-fired, and oil-based power plants account for nearly a third of the country’s electricity output.
Sri Lanka’s energy minister, Kanchana Wijesekera, said Sri Lanka is hopeful of making progress by next month on two delayed wind energy projects to be built by India’s Adani Green Energy Ltd. Adani won approval to invest $442 million in wind projects in February 2023.
The energy minister, on the sidelines of the India Energy Week event in Goa, stated that there will be some results in the negotiation process, and there is another negotiation for the transmission lines that is also being evaluated in the next four weeks.
In the country’s current energy landscape, approximately one-third of its electricity output is attributed to hydropower, coal-fired plants, and oil-based power plants, each playing a significant role in the nation’s power generation. The government has taken a decisive stance by committing to refrain from introducing any new coal-based capacity.
Instead, there is a steadfast commitment to transitioning towards a more sustainable future, with a bold target of generating 70 per cent of the country’s electricity from renewable sources by the year 2030. In a notable development, India has recently proposed a collaborative effort with Sri Lanka to enhance its power production capabilities.
This initiative involves the supply of liquefied natural gas (LNG) to support power generation at two plants in Sri Lanka. Elaborating on this, it was revealed that India’s state-run Petronet LNG, in conjunction with plant officials, is actively engaged in working out the intricate details of the LNG shipping logistics.
This forward-thinking approach reflects a shared commitment to exploring cleaner and more environmentally friendly alternatives to meet the energy demands of the region. By fostering collaboration and embracing sustainable practices, both India and Sri Lanka are positioned to make significant strides in ensuring a reliable and eco-conscious energy future.