Private developers in Sri Lanka’s renewable energy (RE) sector are currently facing a number of issues that needs to be swiftly addressed by the authorities for the progress of the industry, a top industry official has said. According to the Managing Director of Hemas Power Plc, G A Kishantha Nanayakkara, although there is a positive effort in achieving the National Energy Policy target to reach 20% of the country’s energy generation through renewable energy sources by 2020, certain signs emerging in the sector are alarmingly disturbing.
“Firstly, although we are now almost in the middle of the year, the tariffs for renewable energy projects for the current calendar year are yet to be announced. At the same time, in the last year, both the avoided-cost and the cost based tariffs were down. We hope for the sake of the sector this trend will be reversed for the current year,” Nanayakkara said in his address to the shareholders at the release of the firm’s 2011/2012 Annual Report.
Secondly, he noted that a growing number of reports were received on political interferences especially at the provincial level and that whilst it is meant to be the role of Sri Lanka Sustainable Energy Authority to operate as a catalyst to promote the sector, their engagement to resolve the issues faced by the renewable energy sector is painfully slow.