FINANCIAL CHRONICLE

Encyclopedia of Financial News

Home |Latest | Business | Economy | Markets | World | Featured | Discussions

,

Sri Lankan Cabinet Endorses Ambitious Renewable Energy Initiative

by

Sienna De Silva
in ,

Sri Lanka’s cabinet of ministers has approved the Renewable Energy Resources Development Plan for 2025-2030, as announced by Minister Nalinda Jayatissa. This plan was developed by the Sri Lanka Sustainable Energy Authority in collaboration with all relevant stakeholders.

According to Jayatissa, the plan focuses on three primary areas. These include the identification and prioritization of suitable lands, the development of a renewable energy map and a timeline for renewable energy park development, as well as the establishment of floating solar power projects.

Sri Lanka aims to meet 70 percent of its national electricity demand through renewable energy sources by 2030 and achieve carbon neutrality by 2050.

(Colombo/Feb 3/2026)

Latest News

  • Sri Lanka Intensifies Efforts to Combat Illicit Finance and Prevent Grey List Reinstatement

    Sri Lanka Intensifies Efforts to Combat Illicit Finance and Prevent Grey List Reinstatement

    President Anura Kumara Dissanayake has delivered a decisive ultimatum to state institutions, emphasizing that “good governance” must be established domestically before being showcased internationally. Speaking at a meeting held at the Presidential Secretariat on Tuesday, President Dissanayake addressed the nation’s key financial and security officials, urging preparation for a critical international audit pivotal to Sri

    Read more

  • Sri Lankan Rupee Strengthens as Bond Yields Fall

    Sri Lankan Rupee Strengthens as Bond Yields Fall

    FINANCIAL CHRONICLE – On Tuesday, Sri Lanka’s rupee strengthened in the spot market, closing at 309.45/55 against the US dollar, an improvement from the previous day’s rate of 309.55/65. In parallel, bond yields saw a decline from the middle to the longer end of the yield curve, according to market dealers. The yield on a

    Read more