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Cabinet approves signing of two conventions to facilitate nuclear power here
By Rathindra Kuruwita
The Cabinet of Ministers has approved the signing of the Vienna Convention on Civil Liability for Nuclear Damage and Convention on Supplementary Compensation for Nuclear Damage, Saminda Jayasekara, Chairman at the Sri Lanka Atomic Energy Regulatory Council said recently at an event organized by the Institution of Engineers, Sri Lanka.
The Convention on Supplementary Compensation (CSC) aims at establishing a minimum national compensation amount and at further increasing the amount of compensation through public funds to be made available by the Contracting Parties should the national amount be insufficient to compensate for the damage caused by a nuclear incident.
The Vienna Convention on Civil Liability aims at harmonizing the national law of the Contracting Parties by establishing some minimum standards to provide financial protection against damage resulting from certain peaceful uses of nuclear energy.
However, the Cabinet has not approved the signing of the Paris Convention on Third Party Liability in the Field of Nuclear Energy and the Joint Protocol Relating to the Application of the Vienna Convention and the Paris Convention, Jayasekara said.
Jayasekara mentioned that western European countries could only be enticed to build nuclear power plants in Sri Lanka only if Sri Lanka signs Paris Convention.
“If we are not a part of those conventions western European countries won’t come to Sri Lanka,” he said.
Meanwhile, Malinda Ranaweera, scientific officer at the Sri Lanka Atomic Energy Board said that nuclear energy is becoming popular in Asia. China, Japan, and South Korea are leading the way in Asia, he said. India, Bangladesh, and Pakistan too have nuclear power plants.
“In Asia there is a big nuclear renaissance. China has 59 reactors with several others under construction, South Korea has 28, and Japan has 33. India has 19 reactors and is constructing eight more,” he said.
Sri Lanka is in a decision making phase with the Cabinet recently approving nuclear as an energy option, he said.
SMRs can also be coupled with solar and wind power, he added.
He added that Sri Lanka needs about 400 megawatts of electricity per day when the Colombo Port City Project is complete. The power should be cheap in order to attract foreign investments, Ranaweera said. If the metropolitan light railway system is implemented it will need an additional 200 megawatts, he added.
Ranaweera said another 200 megawatts will be needed if the government converts the conventional train system into an electrified train system.
“All these need cheap power,” he said.
Sri Lanka has been considering nuclear power since 1974, Ranaweera said. In 2010 Cabinet approval was given to conduct a pre-feasibility study to consider a nuclear power programme in the country, he said.
“In February 2024 the Cabinet of Ministers approved “to take the strategic and knowledgeable decision to forward the electricity generation using nuclear power in Sri Lanka as a safe, clean, green, reliable and affordable energy source,” he said.
It takes about 15 years to complete a nuclear power plant project from scratch and Sri Lanka should get to work on it immediately, Dr. Thushara Rathnayake, senior lecturer, Department of Electrical Engineering, University of Moratuwa said.
Nuclear is a clean energy source with a high output from a single plant, she said.
“This is a highly safe medium, and it is economical. The generation cost is highly dependent on capital cost (about 60 percent), the fuel cost is about 20 percent from the generation cost. Although the capital cost is high, lifetime cost is low and the introduction of carbon taxes would make nuclear energy more economical.”
Rathnayake said that public acceptance would be one of the largest challenges in establishing a nuclear power plant in Sri Lanka. However, compared to other power sources, nuclear power is safer. The country can also suffer a huge economic loss, if we build a conventional large reactor and the plant is not operated throughout the life cycle.
“If you look at the capital cost of nuclear power, generated for a conventional large reactor, it’s about 7,000 US dollars per kilowatt hour. Cost of coal is about 4,000 dollars. But if you consider the health, social and environmental costs, the capital cost is almost equal to nuclear energy. However, nuclear power has a capacity factor of about 94 percent. Other intermittent sources like wind and solar have a low-capacity factor. So, if we calculate the levelized cost of energy, nuclear is very much cost competitive to other power sources,” she said.
Rathnayake added that if the government decides to go for a large nuclear reactor, it will have to incur a large capital investment. So Small Modular Reactors (SMRs), i.e., less than 300 MWs, should interest Sri Lanka more.
“Currently four SMRs, in advanced stages of construction, are being built in Argentina, China and Russia. The capital costs are also low. I said the capital cost of nuclear power is about 7,000 US dollars per kilowatt hour, but for an SMR the cost is about 2,900 dollars. It also only takes 1.5 years to construct, compared to five years taken to build a conventional large reactor,” she said.
Nuclear power also uses the least amount of land to generate a megawatt hour of electricity, she said. This is about 1.3 square metres per megawatt hour.
“SMRs suit smaller grids like ours. We can also think about offshore in-built SMRs, which are cheaper, less risky and we won’t have to worry about handling Spent Nuclear Fuel,” she said.
India’s External Affairs Minister, Dr. Subramaniam Jaishankar, met with the Prime Minister of Sri Lanka, Dr. Harini Amarasuriya, on 23 December at Temple Trees, during his visit to Sri Lanka as the Special Envoy of Indian Prime Minister Shri Narendra Modi.
The meeting took place as part of the official visit aimed at holding discussions with Sri Lanka’s top leadership, at a time when the nation commenced reconstruction efforts following the devastation caused by Cyclone Ditwah.
During the discussions, the Minister of External Affairs of India reaffirmed readiness to extend support for Sri Lanka, including assistance in rebuilding railways, bridges, and strengthening of the agricultural sector in the country. He also highlighted the importance of having effective systems in place to respond to disaster situations, supported by strong legislative, administrative, and institutional frameworks. Both sides reviewed ongoing relief efforts and explored avenues to further strengthen bilateral cooperation in disaster response and recovery.
The Prime Minister commended the Government of India for the continued support, noting that the recovery process following the devastation caused by Cyclone Ditwah include beyond immediate relief efforts to long-term measures such as resettlement, and reconstruction of habilitation and infrastructure.
The Prime Minister further stated that steps have been taken to reopen schools as part of the process of restoring normalcy, with close monitoring in place. The Prime Minister emphasized the need to ensure stability, reduce vulnerability, and strengthen protection mechanisms highlighting the solidarity of the people, their strong spirit of volunteerism, and collective action demonstrated during the emergency situation.
The event was attended by the High Commissioner of India Santosh Jha, Additional Secretary (IOR), MEA Puneet Agrawal, Joint Secretary (EAMO), MEA Sandeep Kumar Bayyapu, Deputy High Commissioner Dr. Satyanjal Pandey, and representing Sri Lankan delegation, Secretary to the Prime Minister Pradeep Saputhanthri, Additional Secretary to the Prime minister Ms.Sagarika Bogahawatta, Director General (South Asia), Ministry of Foreign Affairs Samantha Pathirana, Deputy Director, South Asia Division, Ministry of Foreign Affairs Ms.Diana Perera.
[Prime minister’s media division]
Sri Lanka is standing on the edge of a coastal catastrophe, with the nation’s lifeline rapidly eroding under the combined assault of climate change, reckless development and weak compliance, Director General of the Department of Coast Conservation and Coastal Resource Management (DCC&CRM) Dr. Terney Pradeep Kumara has warned.
“This is no longer an environmental warning we can afford to ignore. The crisis is already unfolding before our eyes,” Dr. Kumara told The Island, cautioning that the degradation of Sri Lanka’s 1,620-kilometre coastline has reached a point where delayed action could trigger irreversible damage to ecosystems, livelihoods and national security.
He said accelerating coastal erosion, rising sea levels, saltwater intrusion and the collapse of natural barriers, such as coral reefs and mangroves, are placing entire coastal communities at risk. “When mangroves disappear and reefs are destroyed, villages lose their first line of defence. What follows are floods, loss of homes, declining fisheries and forced displacement,” he said.
Dr. Kumara stressed that the coastline is not merely a development frontier but the backbone of Sri Lanka’s economy and cultural identity. “More than half of our tourism assets, fisheries and key infrastructure are concentrated along the coast.
If the coast fails, the economy will feel the shock immediately,” he warned.
Condemning unregulated construction, illegal sand mining and environmentally blind infrastructure projects, he said short-term economic interests are pushing the coastline towards collapse. “We cannot keep fixing one eroding beach while creating three new erosion sites elsewhere. That is not management—it is destruction,” he said, calling for science-driven, ecosystem-based solutions instead of politically convenient quick fixes.
The Director General said the Department is intensifying enforcement and shifting towards integrated coastal zone management, but warned that laws alone will not save the coast. “This is a shared responsibility. Policymakers, developers, local authorities and the public must understand that every illegal structure, every destroyed mangrove, weakens the island’s natural shield,” he added.
With climate change intensifying storms and sea surges, Dr. Kumara warned that Sri Lanka’s vulnerability will only worsen without urgent, coordinated national action. “The sea has shaped this nation’s history and protected it for centuries. If we fail to protect the coast today, we will be remembered as the generation that allowed the island itself to be slowly eaten away,” he went on to say.
By Ifham Nizam
The Sectoral Oversight Committee (SoC)on Economic Development and International Relations recently examined the Microfinance and Credit Regulatory Authority Bill and the proposed amendments thereto.
The SoC met in Parliament under the chairmanship of Member of Parliament Ms. Lakmali Hemachandra, (Attorney at Law). A group of officials representing the Central Bank of Sri Lanka, the Department of Development Finance of the Ministry of Finance, Planning and Economic Development, and the Legal Draftsman’s Department participated in the meeting.
The Microfinance and Credit Regulatory Authority Bill was presented to Parliament for its First Reading on 26.11.2025. Accordingly, the Committee held an extensive discussion on the amendments that have been proposed to the Bill. The Chair of the Committee, Hon. Member of Parliament Ms. Lakmali Hemachandra, (Attorney at Law) stated that it is important to give careful and further consideration to this Bill and that discussions on the proposed amendments will be held again on a future date.
Members of Parliament Lakshman Nipuna Arachchi, Thilina Samarakoon, Nilanthi Kottahachchi, Attorney at Law, Sagarika Athauda, Attorney at Law, Suranga Ratnayaka, and Wijesiri Basnayake also participated in this Committee meeting.
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