Capital Markets Online Media Highlights

Cabinet sub-committee appointed to boost renewable energy development projects

A cabinet sub-committee of five ministers has been appointed to expedite the renewable energy development projects of the government. The newly appointed committee will be looking into the progress and finding means to achieve the government’s target to complete 70 percent of the country’s energy needs from renewable energy sources by 2030.

The Chief Government Whip, Highways Minister Johnston Fernando has been appointed as the committee’s chairman. Meanwhile, Justice Minister Ali Sabry, Water Supply Minister Vasudeva Nanayakkara, Energy Minister Udaya Gammanpila and Youth and Sports Minister Namal Rajapaksa serve as its members.

The committee is also tasked with identifying suitable investors from those who have expressed their willingness to launch renewable energy projects, recognizing new projects with higher feasibility to help achieve the government’s objectives, taking actions to remove legal barriers, and providing necessary infrastructure for the implementation of new projects, improving the facilities for connecting the power generated from the renewable sources to the national grid etc, Highways Ministry sources said.

Source: Ada Derana

Share

LEAVE A RESPONSE

Your email address will not be published.