June 13, 2024

Groups with vested interests, sabotaging renewable energy projects?

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The National Environmental Caucus, led by Ven. Pahiyangala Ananda Sagara Thero, recently handed over a report to the Chairman of the Sri Lanka Sustainable Energy Authority (SLSEA).

In this report, they emphasize that Sri Lanka, endowed with plentiful sunlight, biomass, wind, and hydro resources, possesses significant potential for generating renewable power. The country’s geographic location provides a unique opportunity to harness these natural resources for energy. However, the renewable energy sector faces significant challenges, including a lack of new technologies, insufficient establishment of new projects, and unstable finances. These issues are compounded by the nation’s recent and ongoing electrical power outages, which have further strained the economy.

To address these challenges and foster investment in new renewable energy projects, relevant authorities must develop constructive strategies, sound plans, new laws and regulations, and unique incentives. These measures will encourage consumers to transition to renewable energy and stimulate growth in the sector.

In this report, they also point out that, despite the clear benefits, certain groups with vested interests have sought to obstruct and delay renewable energy projects, citing various justifications. The National Environmental Caucus stands firmly in support of promoting and advancing renewable energy initiatives. They are also committed to encouraging and supporting local investments, recognising the importance of foreign direct investments, especially in light of Sri Lanka’s current financial crisis.

A case in point is the proposed 500 MW wind project between Mannar and Pooneryn. This project has encountered opposition from several parties for a variety of reasons. The National Environmental Caucus organization believes that this project should move forward, provided that all necessary precautions are taken to mitigate its environmental impact.

ENDS

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