Power and Energy Minister to expedite PPAs for renewable energy projects

Wednesday, 15 June 2022 00:23 - - {{hitsCtrl.values.hits}}

Meets renewable energy developers who could not enter into PPAs since 2014
Expects amendments to new Act will help fast-track delayed PPAs

Power and Energy Minister Kanchana Wijesekara hopes to expedite the process to issue Power Purchase Agreements (PPA) to renewable energy projects to overcome the crisis.

He made these remarks following a meeting with renewable energy developers who had obtained permits since 2014 and could not enter into PPAs with Ceylon Electricity Board (CEB) due to legal constraints.

Last Friday, an amendment to the Sri Lanka Electricity Act to liberalise the generation of electricity was passed in Parliament by a majority vote.

The Bill made provisions to allow any person to apply for a license to generate electricity and to take away the restriction imposed on a person to be eligible to apply for the issue of a generation license to generate electricity over and above the generation capacity of 25 MW and allows any person to apply for the same without any demarcation on the generation capacity.

“With the amendments to the Act the Ministry hopes to expedite the process to issue PPA,” Wijesekara said.