Business
Govt. speeding development of hydrogen as renewable energy source
Sri Lanka is gearing up to embrace hydrogen as a renewable energy source, with the government pledging to provide all possible support for its development, Power and Energy Minister Eng. Kumara Jayakody announced recently.
Addressing the Stakeholder Consultation on the Draft Renewable Hydrogen Policy of Sri Lanka in Colombo, Minister Jayakody said hydrogen energy will be central to the country’s long-term power strategy. He underscored that the government’s commitment lies not only in adopting new technologies but also in ensuring that renewable energy resources are harnessed to their maximum potential.
“Our government’s policy direction is to fully utilize renewable energy and advanced technology to achieve our energy goals. Hydrogen will be of immense importance for electricity generation in the future. Preparing a national policy is the first crucial step, and today’s stakeholder consultation is a key milestone,” Jayakody said.
Sri Lanka’s renewable energy potential is considered high, particularly in solar and wind, yet challenges in transmission, storage, and infrastructure have hindered large-scale integration into the national grid. Jayakody acknowledged these obstacles, stressing that the government is prioritizing investments to modernize the power sector.
“We are working with dedication to improve transmission and storage capacity as well as strengthen the necessary infrastructure so that renewable energy can flow seamlessly into the electricity system,” he said.
The consultation, organized by the Ministry of Power and Energy together with the Sri Lanka Sustainable Energy Authority, drew participation from top policymakers, academics, energy experts, and international partners.
Minister Jayakody noted that building a robust hydrogen policy requires both local input and international expertise. “This is not a journey we can take alone. It is important to gain insights from developed nations that have already made significant progress in this field. Equally, it is vital to engage Sri Lankan scientists and professionals abroad who have long been working in renewable energy and hydrogen technology,” he said.
“Securing the support of global experts and our own diaspora scientists is a significant achievement. I also wish to extend my gratitude to the institutions and specialists who are contributing in various ways to this national effort,” the Minister added.
The event brought together senior government officials including Ministry Secretary Prof. Udayanga Hemapala, Transport and Highways Secretary Prof. Kapila C.K. Perera, and Environment Secretary K.R. Uduwawala. International partners were also represented, with UNDP Deputy Resident Representative Marina Ten underscoring the organization’s support for Sri Lanka’s clean energy transition.
Heads of key energy institutions such as the Ceylon Petroleum Corporation, the Sri Lanka Atomic Energy Board, and the Lanka Electricity Company were also present, signaling the cross-sectoral importance of hydrogen development.
Globally, hydrogen is gaining recognition as a critical component of decarbonization strategies. Countries such as Japan, Germany, and Australia have invested heavily in hydrogen technologies, positioning themselves as leaders in the energy transition. For Sri Lanka, adopting hydrogen is seen not only as a step towards energy security but also as an opportunity to align with global markets and attract green investment.
By Ifham Nizam ✍️
Business
EU’s new anti-greenwashing rules pose major challenge for Sri Lankan exporters
Countdown to September 2026 begins
Sri Lankan exporters selling into Europe may soon face one of the most significant regulatory shifts in recent years as the European Union prepares to enforce sweeping new rules aimed at eliminating ‘misleading’ environmental and sustainability claims.
The regulation, known as the Empowering Consumers for the Green Transition Directive (EmpCo) – Directive (EU) 2024/825, will become fully enforceable across all EU member states from September 27, 2026. While the directive is primarily designed to protect European consumers from so-called ‘greenwashing,’ and it carries important implications for exporters worldwide, including those in Sri Lanka.
Compliance experts warn that many local businesses remain largely unaware of the new requirements despite their potential impact on market access, brand reputation, and regulatory compliance.
The directive introduces a simple but demanding principle: companies must be able to substantiate environmental and sustainability claims with credible evidence. Generic descriptions such as ‘eco-friendly,’ ‘green,’ ‘sustainable,’ ‘responsible,’ ‘carbon neutral,’ or ‘climate friendly’ may no longer be used freely unless they can be verified through reliable data and supporting documentation.
For Sri Lankan exporters, this represents a significant shift. Sustainability claims increasingly appear on product packaging, websites, social media campaigns, annual reports, tourism marketing materials, and corporate communications. Under the new framework, such claims could face scrutiny from regulators, consumers, retailers, and civil society groups.
The directive also places particular emphasis on future environmental commitments. Claims such as ‘Net Zero by 2040’ or ‘Carbon Neutral by 2030’ may require businesses to demonstrate clear implementation plans, measurable milestones, and systems for monitoring progress rather than relying on aspirational statements alone.
An environmental compliance expert told The Island Financial Review that this transforms sustainability from a communications exercise into a governance issue. “Responsibility will no longer rest solely with sustainability departments. Company directors, senior executives, marketing teams, procurement professionals, and compliance officers will all have roles to play in ensuring that public claims can withstand regulatory scrutiny. The potential costs of non-compliance are considerable. Under the directive, penalties may include fines of up to four percent of annual turnover generated within the relevant EU member state, restrictions on marketing activities, increased regulatory investigations, and challenges from consumer organisations and commercial partners.”
“The reputational consequences may prove even more damaging. In highly competitive export markets, trust has become a critical business asset. Companies found to be making unsubstantiated environmental claims could face long-term damage to relationships with buyers, retailers, and consumers.”
“The timing is particularly important for Sri Lankan businesses because compliance preparations, reporting frameworks and adjustments are needed before the enforcement date arrives.”
“Businesses supplying European markets are therefore being encouraged to begin assessing their exposure now rather than waiting until the last minute. Early preparation could help exporters safeguard market access, maintain buyer confidence, and strengthen their competitive position in an increasingly sustainability-conscious global economy.”
“For Sri Lanka’s export sector, the message from Europe is becoming increasingly clear: sustainability claims will no longer be judged by how compelling they sound, but by how convincingly they can be proven,” he said.
As the countdown to September 2026 begins, exporters may need to ask themselves a critical question: Are their sustainability claims ready for a new era of accountability?
By Sanath Nanayakkare
Business
University of West London opens Sri Lanka’s first full UK university branch campus
The University of West London (UWL) has formally opened the University of West London Sri Lanka Branch Campus, the country’s first full UK university branch campus, marking a landmark development in Sri Lanka’s higher education sector.
The University of West London Sri Lanka Branch Campus is designed to bring a UK university learning experience closer to students in Sri Lanka. The campus is operated by ANC Campus, a pioneer in the higher education sector in Sri Lanka with over two decades of experience in delivering internationally recognised education.
The University of West London Sri Lanka Branch Campus gives students the opportunity to study towards world-class UK degrees while remaining close to home. Academic delivery, assessment and quality assurance will be aligned with University of West London standards, with the University maintaining academic oversight of its courses and awards. Students will have access to UWL-approved programmes, academic support, learning resources and a campus environment designed to promote academic success, confidence and employability.
Business
Xiaomi Store powered by Abans opens at One Galle Face Mall
Xiaomi Sri Lanka, marked a significant day in the brand’s local journey with the launch of the all-new Xiaomi 17T and the grand opening of the new Xiaomi Store powered by Abans at One Galle Face Mall, Lower Ground.
This occasion reflects the brand’s growing presence in the country and its commitment to bringing smarter technology, connected devices and immersive customer experiences closer to Sri Lankan consumers.
Held under the theme “Step into a smarter world with Xiaomi,” the launch event welcomed media, partners, technology enthusiasts and customers to experience Xiaomi’s latest innovation and wider smart ecosystem. The new store at One Galle Face Mall powered by Abans has been designed to give customers a hands-on experience across Xiaomi smartphones, smart home products, lifestyle technology and connected devices, supported by Abans’ strong retail presence and customer service network.
Commenting on the milestone, Kain Wang, Country Head, Xiaomi Sri Lanka, said, “17th June is a significant day for Xiaomi in Sri Lanka as we celebrate two important milestones together: the launch of the Xiaomi 17T and the opening of our new Xiaomi Store powered by Abans at One Galle Face Mall. This reflects the strength of Xiaomi’s journey in Sri Lanka and our continued commitment to offering innovation, performance and smarter lifestyle experiences to local consumers. With Xiaomi 17T, we are bringing advanced Leica imaging, powerful performance and long-lasting battery life to users who want to do more with their smartphones. At the same time, our new store creates a dedicated space for customers to experience the Xiaomi ecosystem in a more personal and engaging way.”
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