NEWS

Sri Lanka's Daily Financial Times reported on September 1 that this week the cabinet approved Energy Minister Ganmampilla's proposal, calling on local and foreign investors to invest in more than 50 MW of solar and wind projects in the country.

According to the government statement, in order to achieve the target of 70% renewable energy generation by 2030, 4,800 MW of solar power capacity will need to be added to the existing 458 MW, while 3,500 MW of wind power capacity will need to be added to the existing 248 MW.

According to data from the Ceylon Electric Power Commission, Sri Lanka's current total installed power generation capacity is approximately 4,265 MW, including 900 MW of coal power, 1,268 MW of oil-fired thermal power, 1,383 MW of hydropower, and unconventional renewable energy such as wind power, small hydropower, biomass and solar power is 714 MW.