Youth for Renewable Energy Organisation Convener Indunil Bandara emphasized the need for swift approval of renewable energy projects that have been delayed.
He was speaking at a press conference at the National Library on Thursday (4).
Bandara is of the view that these projects have the potential to enhance the country’s economy and benefit taxpayers.
“The surge in electricity bills is adversely impacting businesses and entrepreneurs, hindering economic growth and innovation. He reiterated that though the Government and the subject Minister have continuously brought in opportunities, strong opposition prevails affecting taxpaying Sri Lankans”, he said.
He urged policymakers to seize this opportunity and facilitate the transformation of the country into a hub for cost-effective and easily accessible renewable energy solutions ensuring a consistent energy supply.
He stated that the shift towards renewable energy will guarantee technological advancement.
Bandara has voiced concerns over the escalating issue of increasing electricity unit tariffs faced by Sri Lankans through his organisation.
He highlighted that nearly 25 percent of the average income is allocated to electricity consumption, posing significant challenges to households and businesses.
“Mannar and Hambantota have been recognized by the World Bank as abundant areas for wind and solar energy respectively. The recent economic crisis underscored the importance of reducing fossil fuel dependency and harnessing Sri Lanka’s abundant renewable resources”, he added.
He questioned the country’s reluctance to embrace technological advancements and renewable energy solutions that could foster national development and progress.
Bandara emphasized the prevailing issues and energy shortages within the power sector will impede the progression of technological advancements in the country.
He said that the authorities concerned should prioritize sustainable energy initiatives, when the solutions are tabled and are awaiting regulatory approvals for multiple green energy projects even when the advantages are clear.
“The Sustainable Energy Authority in Sri Lanka has identified key areas as hubs for renewable energy development. Despite lacking traditional energy resources like oilfields, Sri Lanka spends a substantial portion of its export income on importing crude oil, coal, and refined petroleum products”, he said.
Chaminda Perera