Opportune moment for investing in Sri Lanka’s renewable energy sector has arrived: Ranil

16 January 2024 06:43 pm - 16 - {{hitsCtrl.values.hits}}

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President Ranil Wickremesinghe highlighted the present as an opportune moment for investing in Sri Lanka's renewable energy sector, expressing confidence in its potential to yield substantial benefits for both stakeholders and consumers in the coming decades.

The President also underscored that investors venturing into this sector can anticipate a comprehensive and unwavering policy framework in the realm of renewable energy.

President Ranil Wickremesinghe made these remarks during his address at the "Green Technology Forum" convened on January 15 in Davos, Switzerland. The event was coordinated by the Swiss-Asian Chamber of Commerce.

Speaking on the theme "Paving the way to an energy secure Sri Lanka," President Ranil Wickremesinghe highlighted the substantial potential of Sri Lanka's renewable energy sector. He further outlined the government's initiatives over the past two years to establish an investment-friendly environment in the renewable energy sector.

Emphasizing Sri Lanka's dedication to addressing climate change, President Ranil Wickremesinghe elaborated on various measures, including the "Tropical Belt Initiative," presented at the COP28 conference in Dubai.

Highlighting Sri Lanka's commitment to sustainable and green development, the President emphasized the nation's ambitious plans and determination to achieve net-zero emissions by 2050.

President Ranil Wickremesinghe underscored the pivotal role of the rapid renewable energy plan, describing it as a key component of Sri Lanka's comprehensive efforts towards sustainable development and a crucial step in ensuring energy security.

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Comments - 16

Raj Tuesday, 16 January 2024 07:12 PM

Who is going to invest here as your guys will cancel anything like cancelling a vacation! Sri Lankan politicians are the most unreliable bunch of idiots in the world.

vithura Tuesday, 16 January 2024 07:23 PM

Foreign investors will want to see tangible measures in this regard by way of a special bill passed in the parliament along the lines of Comprehensive Renewable Energy Framework addressing all aspects to draw in more foreign investors to achieve sustainability without losing anymore time.

Be Fair Tuesday, 16 January 2024 07:23 PM

But when it's implementing time only $$$$$$ is understood by CEB , Ministers. What's the point going to Davos

Sunil Tuesday, 16 January 2024 07:35 PM

Mr President please focus first on burning issues like cost of living. Study the whole supply chain and reduce middle men involvement and get items at low price to customers. Strengthen consumer protection laws, enforce them strictly and order the CAA to ensure all prices are controlled and final consumer gets it at reasonable price. For the next five years focus only on domestic burning issues and not Hothi rebels, Climate change and renewable energy- leave that to developed nations and big developing nations. Please get your priorities right. Thank you

SLEx Tuesday, 16 January 2024 11:44 PM

What an ignorant comment. Most money the state uses is to obtain oil and other petroleum products to generate electricity and fuel for the vehicles on the road. Renewable energy would be the best alternative for our country. You must be one of those people that forgot the fuel queues, 10 hour power cuts and people losing their lives due to that. Without a stable economy and a government that earns more revenue than it spends, there is no way to reduce prices. To cut out middle men, our entire infra should be digitised. That also has push back from our people. If renewable energy is for developed nations, we should start using bullock carts again.

Nimal Wednesday, 17 January 2024 08:24 AM

Did RW really need an entourage including MW to give his two cents' worth at the Green Technology Forum? Consider the exorbitant cost and environmental impact. Wouldn't it have been better to send a single representative like an Environmental Scientist?

ROSH Tuesday, 16 January 2024 09:53 PM

Unelected master debating president again making statement about very important topic of his bedroom. He wants use green energy to steam up his double bed when he master debate normal folks in front of the parliament. He doesn’t care about emergency landing . He loves asking foreign leaders to spend the night in on mile high club. He is very patriotic unelected president we ever had loves doing internal work when he got opportunity. We must build his statue in front of the parliament without his trousers to see how much internal work

Ravana Wednesday, 17 January 2024 02:03 AM

Are any of the minorities allowed to invest in this sector?

Ram Wednesday, 17 January 2024 04:30 AM

Government A in power sign agreements and when with a change, government B is in power who will cancel the agreements previously signed by Government A who will trust Sri Lanka for investments

Ex UNPer Wednesday, 17 January 2024 04:38 AM

You went all the way to Davos to announce this? Is this the great energy plan you had for Sri Lanka? You continue to bullshit the world while taking Joy rides wasting poor Sri Lanka tax payers money.

When opportune moment to have revolution to get rid of him Wednesday, 17 January 2024 06:52 AM

Only opportune moment public want is the get rid of him and the useless lot in the Parliament. The Military and Police show of force makes everyone afraid. But President and Ministers time will be over soon.

Ara Wednesday, 17 January 2024 07:13 AM

Why did U stop all solar project from 2015, what a joke

Who is behind this indifference? Wednesday, 17 January 2024 07:26 AM

In 1970s, we faced a similar situation when NM banned dried chili imports. Chili sold at Rs.2/- a lb. rose to Rs.80/-.But our farmers took the challenge and there was no shortage even though price was high. Farmers became rich. What has happened this time? Farmers are poor and not interested in filling the void. Even farmers are suffering!

Revamp with Professional Politicians Wednesday, 17 January 2024 07:26 AM

Messy situation with president galavanting

Denis Perera Wednesday, 17 January 2024 07:44 AM

Well said, Sunil ! This guy is doing it the other way around to justify his utter waste of foreign tours. People are suffering here and he is talking on these big topics with zero outcome.

Dee Wednesday, 17 January 2024 07:27 PM

Until CEB is privatized, no foreign investor would touch proper the SL renewable energy market! The way political direction is heading (with peoples popular choices) it would not happen in our lifetime!

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Opportune moment for investing in Sri Lanka’s renewable energy sector has arrived: Ranil

Comments - 16

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