News
100 MW solar power project on SLBC land at Nilaweli inked
Sri Lanka has recently engaged with the American Clean Energy Solutions Inc. of Ontario, Canada to develop a 100 Megawatts solar power project on SLBC land at Nilaweli, Trincomalee, official sources said. This project is in line with the Government policy directive and vision of achieving 70% of electricity generation from renewable energy resources by 2030.
The American Clean Energy Solutions Inc., will invest over USD 150 million to develop the Nilaveli Solar Power Project with the support from Sri Lankan developer; 3 W Power Management Limited.
The SLBC recently awarded the Energy Permit Approval clearance letter received from Sri Lanka Sustainable Energy Authority (SES) to the Canadian Investor. Regional Director of the American Clean Energy Solutions Inc., Mohamed Hussain received the award letter from SLBC Chairman. Hudson Samarasinghe in the presence of Minister of Transport, Highways and Mass Media Dr. Bandula Gunawardana; Secretary, Ministry of Mass Media; Anusha Pelpita, Chairman SEA, Eng. Ranjith Sepala, Director General of SLBC Nalin Kumara Nissanka and Director General J.M Athula.
Chief Guest Minister Dr. Bandula Gunawardana said that Sri Lanka should attract more foreign direct investments to come out from the present economic crisis. He invited all investors to provide required support to develop the Renewable Energy drive of Sri Lanka and appreciated the efforts made by 3 W Power Management Limited Executive Director/Vice President Indika Kumara Weerakkody and Executive Director/General Manager Warnapriya Wijesundara.
The Minister said that it is essential to initiate new business opportunities to bring FDIs to Sri Lanka. Nilaveli Solar project has been planned to develop on an unutilized land extent that belongs to SLBC and generate additional income to the SLBC. Minister also pointed out the enormous benefits from this solar power project as it reduces the requirement of fossil fuels to generate electricity. It was informed that the project will save approximately Rs. 8,000 million per annum to CEB by replacing the high-cost thermal power.
Vice President of the 3 W Power Management Limited Mr. Weerakkody appreciated the support received from all the government officials such as Kuchchaveli Divisional Secretary, CEB, SEA, CEA and especially SLBC during the initial approval process of the project.
News
Formulation of a Draft Economic Development Bill to expedite the process of Digital Transformation and Digital Economic Development
It is essential to establish an institutional framework with legal powers to ensure the effective implementation of national digital policy and guidelines.
Quality human capital should be attracted to this institutional framework for the compilation of policies, implementation of policies, regulation, and empowerment of operations. The continuous participation of the private sector should also be considered in establishing a strong institutional framework.
It has been further identified that attention should also be
drawn to new fields of digital innovation, including support for artificial intelligence and related activities.
Taking into consideration the aforementioned matters, a concept paper has been formulated to prepare a Draft Economic Development Bill for the establishment of a new institutional framework.
Accordingly, the Cabinet of Ministers has approved the resolution furnished by the President in his capacity as the Minister of Digital Economy to instruct legal draftsman to formulate a Draft Economic Development Bill based on the aforementioned concept paper.
Latest News
Cabinet approval for Sri Lanka Community and Health Survey – 2026/2027
The Sri Lanka Community and Health Survey is the main data source for obtaining necessary information for reviewing progress toward achieving the national health development goals, as well as the expected sustainable development goals by 2030.
The last survey was conducted in the year 2016, and the Sri Lanka Community and Health Survey should be conducted to obtain updated data to enable the collection of related data and indicators concerning the health and well-being targets of the Global Sustainable Development Objectives.
Accordingly, the Cabinet of Ministers has approved the resolution furnished by the President in his capacity as the Minister of Finance, Planning, and Economic Development to take necessary steps to conduct the aforementioned survey.
News
A National Water Tariff Policy for all Water Supply and Sanitation Services
The access to secure, reliable and affordable drinking water and adequate sanitation facilities is essential to maintain public health, promote social well-being and foster economic development.
The Sri Lankan Government recognizes water supply and sanitation services as both an economic good and a basic human need. Therefore, when pricing for water and sanitation, a balance should be maintained between the financial sustainability of the service providers and the requirement to ensure fair and affordable access for all strata in the society.
Accordingly, the Sri Lankan government has identified the necessity of a national water supply that is sensitive to gender equality and social integration applicable to all water supply and sanitation service providers. At present, there is no formal national framework for setting, reviewing, approving, and implementing tariffs for water supply systems operated by various water supply providers as well as for setting, reviewing, approving, and implementing tariffs for sanitation systems.
Therefore, the Ministry of Housing, Construction, and Water Supply has formulated a water tariff policy covering all water supply service providers under the Sri Lanka Water Supply and Sanitation Sector Reform Program, which is a policy-based loan program implemented under Asian Development Bank funds.
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