ECONOMYNEXT – Sri Lanka’s cabinet of ministers had cleared a proposal to order state-run Ceylon Electricity Board to develop a generation plan to produce 70 percent of the electricity from renewable power, a government statement said.
The 70 percent renewable energy target by 2030 was contained in an election manifesto of President Gotabaya Rajapaksa, the statement said.
In terms of the policy framework the “Ceylon Electricity Board has to be prepare the minimum cost long term generation plan” in terms of the electricity act.
The Cabinet of Ministers had approved a proposal by the minister by the minister to issue “applicable guidelines”
Engineers of the CEB has warned that the renewable energy target is may not be practical and will also require large investments to make the grid capable of handling fluctuating energy supply.
They have said a current plan for 53 percent target which is similar to that of Germany in a similar stage was more practical.
Sri Lanka generation plan renewable power share for 2030 equal to Germany: CEB engineers
To take it to levels like 70 percent only from renewable by 2030 at least 3.7 billion US dollars extra would be needed in grid upgrades and energy storage solutions which is around the level of the country’s foreign reserves now, CEB engineers have said.
“As per estimates so far 70 percent renewable by 2020 requires 1.7 billion US dollars to lay a backbone 400kV transmission line network for renewable zones around the country,” CEBEU President Saumya Kumarawadu said.
“Another 2.0 billion US dollars would be needed for storage. How much foreign reserves do we have now?”
The plan would further indebt the country, they said. (Colombo/Sept14/2021)