Renewable Energy Tariff Renewal Committee to be formed

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The Renewable Energy Tariff Renewal Committee will be formed today (15), by the Secretary to the Ministry of Power and Energy.

Director General of the Sri Lanka Sustainable Energy Authority Sulakshana Jayawardana said that the committee is also tasked with providing recommendations for renewable energy projects.

He did howeversay that the renewable energy tariff will only apply to projects smaller than 10MW.

Jayawardana also said there are renewable energy licensees with the capacity to add more than 1,700 MW to the national grid but were unable to do so due to legal boundaries of the previous Electricity Act.

Meanwhile, following the approval of the Sri Lanka Electricity (Amendment) Bill, Minister of Power and Energy Kanchana Wijesekera will take steps to finalise 60 purchase agreements for renewable energy projects that have been stalled for the past eight years.

As a result of the legal hurdles removed by the Electricity Act, the Minister has directed relevant authorities to take necessary steps to conclude the purchase agreements within two weeks.Wijesekara met with the renewable energy project licensees of 60 projects who have been unable to obtain all other necessary permits for renewable energy projects and enter into power purchase agreements since 2014.

Jayawardena said the majority of these licenses have now expired environmental clearances and that holders will be directed to complete clearances as soon as possible. Individuals who obtained licences in 2021 or 2022, on the other hand, will not face these issues and will be able to conclude purchase agreements with the Ceylon Electricity Board (CEB). They would be able to obtain approval from the Public Utilities Commission of Sri Lanka (PUCSL), he added.

By Thameenah Razeek