In a manifesto released in the run-up to Sri Lanka’s 2015 presidential election, Maithripala Sirisena, the then-presidential candidate for the New Democratic Front party, put energy sector reform at the top of the agenda, noting that “energy constitutes one of the foremost factors deciding the future of the country”. Since winning the election, Sirisena’s government has followed up on this campaign promise. In 2015 and early 2016 the state rolled out a series of reforms and initiatives aimed…
Energy & Utilities
From The Report: Sri Lanka 2016
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In 2015 and early 2016 the state rolled out a series of reforms and initiatives aimed at shoring up the country’s energy industry, including expanding the national electricity grid, particularly in rural areas; developing new renewable energy sources; opening up the hydrocarbons sector to greater foreign investment; and working to introduce a new fuel pricing formula, which has the potential to improve the economics of the domestic energy business dramatically. These and other changes have been put forward as part of a sector development plan covering 2015-25 conceived by the Ministry of Power and Energy (MoPE). Along with a number of additional medium- and long-term strategies for the sector the MoPE’s efforts are expected to contribute to an uptick in energy sector investment in Sri Lanka. Indeed, the 2015-25 plan is a key step towards achieving the government’s objective of 100% energy self-sufficiency by 2030.
This chapter contains an interview with Damitha Kumarasinghe, Director-General, Public Utilities Commission of Sri Lanka.