Essayer OR - Gratuit

Renewable with solar, the way forward

Daily FT

|

July 31, 2025

ON 16 July, the Prime Minister at the Seventh Meeting of the International Solar Alliance Regional Committee for the Asia and Pacific Region held in Colombo, emphasised on Sri Lanka's dedication to strengthening regional solar cooperation and achieving energy security through sustainable development.

Renewable with solar, the way forward

Apparently, the Prime Minister is more concerned of regional solar corporation, rather than the country's requirement. This brings again the undisclosed agreement the President signed with India. It is clear that India wishes to connect the two countries with an electrical connection and export electricity to Sri Lanka. It is well known that the production cost of India is lower than Sri Lanka.

In March 2025, the Government decided to revise the tariff paid per unit of electricity generated by rooftop solar panels, following recommendations from the Ceylon Electricity Board (CEB) claiming to align with current energy policies and market conditions. Currently, solar energy producers receive Rs. 27 per unit of electricity supplied to the grid. Under the proposed changes, this rate is expected to be reduced, based on the capacity of the individual solar system.

In Kerala, South India electricity tariffs vary, based on usage and consumer category. Currently Kerala State Electricity Board and recent changes include both fixed and energy charges.

For example, with currently Indian Rupee costing nearly Rs. 3.50, Indian consumers using 0-40 units pay 1.50 per unit or SLR 5.25, while those consuming above 250 units pay ₹8.80 or SLR 30.80 per unit.

Meanwhile, local consumers using up to 60 units a month are charged Rs. 7.85 per month with no fixed charge and consumers using over 121 units are charged Rs. 32 per unit with a fixed charge of Rs. 480. Above shows that Sri Lankans pay higher charges for electricity than the South Indians.

Power generation in Sri Lanka

Table 1 shows that in 2023 wind power contributed 5.25% and solar 5.5% amounting to a small amount compared to 29.8% coal and 20.1% thermal, with 50% dependency on imported fuels, showing the importance of urgently moving over to wind and solar power.

Renewable energy in Sri Lanka

PLUS D'HISTOIRES DE Daily FT

Daily FT

Daily FT

World Marketing Forum 2025 to be held in SL for the first time

WMF 2025 to kickoff from 11-16 November Targets 50, and 47 confirmed international participation

time to read

4 mins

October 14, 2025

Daily FT

Daily FT

SDB bank joins People's Economic Forum hosted by SANASA International

SDB bank partnered the People's Economic Forum 2025, held on 26 September at the Hilton Colombo. Organised by SANASA International in partnership with the SANASA Movement, SDB Bank, Uttamavi Company, SANASA Life Insurance, and SANASA General Insurance, the summit highlighted the central role of cooperatives in advancing economic democracy, sustainable agriculture, and community resilience.

time to read

2 mins

October 14, 2025

Daily FT

Stellar line-up for Sri Lanka Retail Forum 2025 “Retail Reimagined: Where Al Meets the Human Edge"

THE Sri Lanka Retailers’ Association (SLRA) presents the Sri Lanka Retail Forum 2025, themed “Retail Reimagined — Where Al Meets the Human Edge.”

time to read

1 mins

October 14, 2025

Daily FT

WindForce announces another 10 MW wind project

WINDFORCE PLC has announced the acquisition of a 51% equity stake in Safe Power International Ltd., with the remaining 49% held by Arinma Power Ltd. A Shareholder Agreement formalising this partnership was executed on 3 October 2025.

time to read

1 min

October 14, 2025

Daily FT

CSE opens week on mixed note

COLOMBO stock market began the week yesterday on a mixed note with the ASPI closing flat, up just 0.01% or 2.36 points to 22,321.08 while the active S&P SL20 fell 0.30% to close 18.66 points down at 6,207.37.

time to read

1 min

October 14, 2025

Daily FT

Masterclass on cargo insurance by Shippers’ Academy Colombo

SHIPPERS’ Academy Colombo (SAC) will hold a Masterclass on the importance cargo insurance for international trade on 15 October 2025 from 9:00 a.m. to 1:00 p.m, at the Distance Learning Centre, SLIDA, Colombo 7.

time to read

1 min

October 14, 2025

Daily FT

Sri Lanka Golf Ranking Tournament tees off at Rajawella

THE Sri Lanka Golf Ranking Tournament 2025 tees off today (14) at the scenic Victoria Golf Resort in Rajawella, drawing some of the island's finest golfing talent for four days of top-level competition.

time to read

1 min

October 14, 2025

Daily FT

Daily FT

NDB Bank partners DIMO to expand customer-friendly leasing solutions

NDB Bank recently entered into a Memorandum of Understanding (MoU) with DIMO to extend affordable and accessible leasing facilites to.a wide spectrum of customers.

time to read

1 mins

October 14, 2025

Daily FT

Daily FT

President appoints Maithri Wickremesinghe, PC to CBSL Governing Board

PRESIDENT Anura Kumara Disanayake has appointed Maithri Evan Wickremesinghe, PC as a member of the Governing Board (GB) of the Central Bank of Sri Lanka (CBSL) with effect from 2 October.

time to read

1 mins

October 14, 2025

Daily FT

Assetline Finance celebrates 60th branch opening

ASSETLINE Finance Ltd., PLC (AFL), the flagship company under the financial services arm of David Pieris Holdings, celebrated an important expansion milestone recently, with the official opening of the 60th branch in Ja-Ela, emphasising the company's commitment to deliver accessible customer-centric financial solutions, to Sri Lankan citizens.

time to read

1 min

October 14, 2025

Listen

Translate

Share

-
+

Change font size