USD 19 M Grant for renewable energy

CEYLON TODAY | Published: 2:00 AM Dec 1 2021
News USD 19 M Grant for renewable energy

The United States Agency for International Development (USAID) announced its new USD 19 Mn, five-year Sri Lanka Energy Programme (SLEP) on 17 November, the US Embassy in Sri Lanka said recently.

Once finalised, this grant will support Government of Sri Lanka’s vision to increase the generation of renewable energy (RE) to 70 per cent by the year 2030 and will contribute to the transformation of Sri Lanka’s power sector into a market-based, secure, dependable, and long-term system, the Embassy said. 

“Government coordination, community engagement, and private sector participation are key to expanding the generation of RE,” said USAID Mission Director Reed Aeschliman. “We are excited to partner with Sri Lanka as it prioritizes RE to fuel its economic and social development.” SLEP’s local and international experts and partners will accelerate RE adoption through promoting energy efficiency, strengthening the grid to accommodate increased RE and catalysing private sector investment in the energy sector, the Embassy said. 

They will identify low-cost, competitive options for RE and support start-ups in the sector to encourage the development and deployment of innovative technologies. Further, the initiative will work to safely and reliably deliver affordable electricity to all citizens to help power a competitive, 21st century economy in Sri Lanka, it further said. (PA)

CEYLON TODAY | Published: 2:00 AM Dec 1 2021

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