ADB Advisor: Renewables, Regional Cooperation, LNG Import can Help Boost Sri Lanka's Energy Security

8 May 2018

Dr. Yongping Zhai, Technical Advisor (Energy), Sustainable Development and Climate Change Department, Asian Development Bank (ADB), and Mr. David Elzinga, Senior Energy Specialist, ADB, advised the Government of Sri Lanka to keep their options open in securing the country's energy future.

Reiterating ADB's support for Sri Lanka's energy security, Dr. Zhai urged the country to opt for renewables over coal to fast-track its commitment to the Paris agreement. He also recommended regional cooperation and import of liquefied natural gas (LNG) as further alternatives to help Sri Lanka achieve its energy goals for 2030 and 2050.

Sri Lanka aims to achieve energy self-sufficiency by 2030. Power demand is on the rise as the country's economy expands. The Government is considering coal, LNG, and renewables to boost their energy supply.

Sri Lanka committed to generating 100% renewable electricity by 2050. Generating energy from renewable resources would contribute toward this commitment.

ADB is working with the Ceylon Electricity Board to help Sri Lanka meet its electricity demand. In 2017, ADB announced $200 million funding support to help Sri Lanka build a 100 megawatt wind farm.

 

Related Link:

The Government of India plans to implement a National Logistics policy to help bring down the logistics cost...

Read More


The Kolkata Customs of the Government of India has granted an 84.33% subsidy for Nepali cargo duty insurance,...

Read More


The 69 kilometer Motihari (India)-Amlekhgunj (Nepal) pipeline, signed by India and Nepal in 2015, was jointly inaugurated by...

Read More


Construction of Colombo's first elevated highway commenced on 10 September 2019 with Sri Lanka Prime Minister Ranil Wickremesinghe...

Read More


Ten economic ministers from the Association of Southeast Asian Nations (ASEAN) and the Minister of Commerce and Industry...

Read More


The Asian Development Bank (ADB) and the Bangladesh Investment Development Authority (BIDA) held a consultation workshop on the...

Read More


The 17th joint steering committee (JSC) meeting of Bangladesh and India was organized to further their bilateral energy...

Read More