Facebook Pixel Strengthening Sri Lanka's GREAT 2025-2030 Renewable Energy Project Development Plan: Bridging gaps for a sustainable future | Daily FT – newspaper – Lesen Sie diese Geschichte auf Magzter.com

Versuchen GOLD - Frei

Strengthening Sri Lanka's GREAT 2025-2030 Renewable Energy Project Development Plan: Bridging gaps for a sustainable future

Daily FT

|

February 09, 2026

THE GREAT 2025-2030 Renewable Energy Project Development Plan approved by the Cabinet on February 2, 2026, aims to guide Sri Lanka toward a cleaner energy future, aligning with global decarbonisation efforts.

- By Dr. Anil Cabraal

Strengthening Sri Lanka's GREAT 2025-2030 Renewable Energy Project Development Plan: Bridging gaps for a sustainable future

However, significant gaps between its goals and the country's institutional, infrastructural, policy, and financial capacities raise questions about its feasibility within the proposed timeframe.Although dated December 2024, the plan received Cabinet approval only recently. The Ministry stated it was drafted by a committee from the CEB and SLSEA under the Energy Ministry Secretary. It is uncertain if other stakeholders, such as other Government agencies, the regulator, private sector participants, renewable energy industry, financial institutions, environmental organisations, or consumer representatives were consulted. It raises concerns about stakeholder support needed to achieve the plan's goals.

Transmission bottlenecks and sequencing risks

At the heart of the plan's limitations is its heavy reliance on transmission infrastructure that does not yet exist. The plan correctly identifies transmission as the single most critical bottleneck to large scale renewable energy integration. It assumes that a suite of large, complex, and capital intensive transmission projects will be completed on an accelerated schedule. Many of these projects remain unfunded, are in early conceptual stages, or depend on external lenders whose timelines are uncertain.

The plan front loads renewable energy additions between 2025 and 2028 while back loading transmission readiness to 2028-2033. This sequencing mismatch creates a structural vulnerability. Renewable plants may be built before the grid can absorb their output, leading to curtailment, stranded assets, and investor frustration. Sri Lanka's historical record of transmission delays only heightens the concern that the plan's timelines are more aspirational than realistic.

Operational and policy gaps in rooftop solar integration

WEITERE GESCHICHTEN VON Daily FT

Daily FT

Schools Rugby League title race gains momentum

DEFENDING League champions Trinity College will be determined to maintain their winning momentum when they face Sri Sumangala College, Kandy, in their Dialog Schools Rugby League Under-19 encounter scheduled for tomorrow at the Nittawela Rugby Stadium.

time to read

2 mins

May 08, 2026

Daily FT

CID summons 21 individuals over $ 2.5 m Treasury heist

THE Criminal Investigation Department (CID) has so far recorded statements from 21 individuals in connection with the $2.5 million cyber theft involving the Finance Ministry, Public Security Minister Ananda Wijepala told Parliament yesterday.

time to read

1 min

May 08, 2026

Daily FT

PayPal set for Sri Lanka launch on 15 May

Initial rollout expected to facilitate inward payments to exporters

time to read

1 mins

May 08, 2026

Daily FT

EU-funded Green Recovery Facility drives recognition for Sri Lanka's Sustainable Bonds

SRI Lanka's sustainable finance sector has gained regional recognition at the Environmental Finance Sustainable Debt Awards 2026.

time to read

3 mins

May 08, 2026

Daily FT

Daily FT

Treasury admits to Rs. 248.79 m duplicate Aswesuma payments

CLOSE on the heels of the $ 2.5 million phishing attack, the Treasury has now admitted that duplicate Aswesuma welfare payments amounting to Rs. 248.79 million were mistakenly made to thousands of beneficiaries after a payment file was uploaded twice during processing of festive allowances.

time to read

1 mins

May 08, 2026

Daily FT

Daily FT

Govt. urged to address systemwide financial security risks

OPPOSITION MP and President's Counsel Faiszer Musthapha yesterday urged the Government to take urgent measures to address what he described as widening system-wide governance and financial security risks, warning that recent cyber breaches, banking frauds, and institutional lapses could undermine investor confidence and economic stability.

time to read

1 mins

May 08, 2026

Daily FT

Parliament approves free visa access for 40 countries in major tourism push

Eligible visitors can get 30-day free visa, subject to standard immigration process, including ETA

time to read

1 mins

May 08, 2026

Daily FT

Daily FT

Shermans Logistics signs strategic MoU with Indian giant Glottis

GLOTTIS Ltd., and Shermans Logistics have entered into a strategic collaboration aimed at unlocking new business opportunities across logistics, renewable energy, and allied sectors in India and Sri Lanka.

time to read

1 min

May 08, 2026

Daily FT

Daily FT

Belmont Institute of Higher Education celebrates graduation ceremony, recognising academic excellence

Class of 2025 reflects institution's commitment to industry-focused, globally aligned education

time to read

3 mins

May 08, 2026

Daily FT

Lanka Realty Investments builds Rs. 29.7 b property platform amid strong earnings, NAV growth

Pre-tax profit rises to Rs. 2.92 b in FY26 from Rs. 196.6 m in FY25

time to read

4 mins

May 08, 2026

Listen

Translate

Share

-
+

Change font size