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News  


 

Shift towards Renewable Energy- Minister

By Lakmali Hemachandra

The government plans to mitigate fossil fuel dependency of the national energy policy by shifting to alternate renewable energy resources, said Power and Energy Minister Champika Ranawaka speaking at a press conference held to introduce the Vidulka energy week and exhibition organised by the Sustainable Energy Authority.
“Fossil fuel cannot be relied upon to provide for the energy need of the country considering the fact that the remaining oil reserves would only be able to last for another 50-60 years,” the Minister added. “Hence, energy authorities are shifting to environmental friendly renewable energy sources and the Sustainable Energy Authority is leading the way in introducing alternates for fossil fuel which contributes for nearly two thirds of the country’s energy generation.”
The Minister revealed government plans to provide for a mechanism which would amalgamate the Ceylon Electricity Board, Lanka Transformers, the Nuclear Energy Authority and the Sustainable Energy Authority in order to assure a supply of green and clean energy at a profitable rate. “The new five-year plan will increase the profitability of the Ceylon Electricity Board and provide green and clean energy at a profitable and a cheaper price,” the Minister assured.
The energy week and exhibition which is planned to be held from August 3-10 is to function as a meeting place for energy industrialists, government officials, academics and students to discuss and share their ideas on the future of renewable energy in the country. An awards ceremony is also organised to be held on August 3 to appreciate proper management of electricity.