President calls for comprehensive plan to drive Sri Lanka’s Renewable Energy future

During the “Advancing Energy Transition” round table discussion at the Hilton Colombo on Wednesday (29) morning, President Ranil Wickremesinghe emphasized the need for a comprehensive plan to exploit renewable energy and explore future trends in green hydrogen in Sri Lanka. The event, held in collaboration with the World Bank, the Ministry of Power and Energy, and the Ceylon Electricity Board (CEB), provided a platform for discussing the country’s energy transition.

President Wickremesinghe highlighted a recent report by PricewaterhouseCoopers on green hydrogen, noting its importance and the necessity for detailed planning to leverage this emerging sector. He acknowledged the gaps in local expertise and called for international assistance from organizations such as the World Bank (WB), the Asian Development Bank (ADB), and all stakeholders, including local and international investors.

He stressed that Sri Lanka is committed to creating a sustainable and competitive economy, with renewable energy playing a pivotal role. The President outlined the country’s legislative efforts, including the recently passed Electricity Reform Bill and the upcoming Climate Change Act, aimed at facilitating this transition.