Cabinet approves 'General Policy Guidelines' for the Electricity Industry

The Government has taken measures to issue 'General Policy Guidelines' for the electricity industry enabling the Ceylon Electricity Board to formulate the minimum cost long – term generation plan applicable to the period 2022– 2041 according to this set of guidelines.

 

The approval of the Cabinet of Ministers was granted at their meeting held on  September 13, 2021 to obtain 70 percent of the electricity generation from renewable energy by the year 2030, not to establish new coal power generation plants in the future, and to neutralize the net Carbon emissions during the power generation by the year 2050.

 

At the same meeting, the Cabinet of Ministers decided to release “General Policy Guidelines” for the electricity industry should be released in par with the said decision of the Cabinet of Ministers while Ceylon Electricity Board shall formulate the minimum cost long – term generation plan applicable to the period 2022– 2041 as per the said guidelines. 

Accordingly, the Cabinet of Ministers granted approval to the ‘General Policy Guidelines for the Electricity Industry’ prepared subject to section 5 of Sri Lanka Electricity Act No. 20 of 2009 as per the resolution tabled by the Minister of Electricity and to table the said guidelines in the Parliament.The Government has taken measures to issue 'General Policy Guidelines' for the electricity industry enabling the Ceylon Electricity Board to formulate the minimum cost long – term generation plan applicable to the period 2022– 2041 according to this set of guidelines.

 

The approval of the Cabinet of Ministers was granted at their meeting held on  September 13, 2021 to obtain 70 percent of the electricity generation from renewable energy by the year 2030, not to establish new coal power generation plants in the future, and to neutralize the net Carbon emissions during the power generation by the year 2050.

 

At the same meeting, the Cabinet of Ministers decided to release “General Policy Guidelines” for the electricity industry should be released in par with the said decision of the Cabinet of Ministers while Ceylon Electricity Board shall formulate the minimum cost long – term generation plan applicable to the period 2022– 2041 as per the said guidelines. 

 

Accordingly, the Cabinet of Ministers granted approval to the ‘General Policy Guidelines for the Electricity Industry’ prepared subject to section 5 of Sri Lanka Electricity Act No. 20 of 2009 as per the resolution tabled by the Minister of Electricity and to table the said guidelines in the Parliament.