Renewable energy generation seen as a strategic investment

Power and Energy Minister Eng. Kumara Jayakody reaffirmed the government's unwavering commitment to expanding renewable energy generation, calling it not just an environmental goal but a strategic investment in Sri Lanka's economic future.

- BY IFHAM NIZAM

Speaking at the recent inauguration of a 5-megawatt solar power project in Galle, Jayakody emphasized that despite current fiscal and institutional challenges, renewable energy remains central to the administration's national development agenda.

"Renewable energy projects will continue without interruption, he told The Island Financial Review. "We are taking all necessary measures to address any social or human challenges that arise. The production of renewable energy is not merely a policy choice it is a national necessity."

The minister noted that the renewable energy sector has already attracted billions of rupees in private investment over the past five years and continues to draw the attention of local and foreign financiers due to its long-term profitability and environmental alignment.