Indunil Bandara, Convener of the Youth for Renewable Energy Organization (Punarjana Balaya Udesa Tharuna Sanwidanya), has voiced concerns over the escalating issue of increasing electricity unit tariffs faced by Sri Lankans. Bandara highlights that nearly 25% of the average income is allocated to electricity consumption, posing significant challenges to households and businesses alike.
In a recent briefing, Bandara questioned the country’s reluctance to embrace technological advancements and renewable energy solutions that could foster national development and progress. The surge in electricity bills is adversely impacting businesses and entrepreneurs, hindering economic growth and innovation. He reiterated though the government and the subject Minister has continuously brought in opportunities strong opposition prevails effecting tax paying Sri Lankans.
Bandara emphasized the prevailing issues and energy shortages within the power sector, which impede the progression of technological advancements in Sri Lanka. He emphasized against the potential consequences of a “Power Revolution,” urging stakeholders to prioritize sustainable energy initiatives, when the solutions are tabled and are awaiting regulatory approvals for multiple green energy projects even when the advantages are clear.
The Sustainable Energy Authority in Sri Lanka has identified key areas as hubs for renewable energy development. Despite lacking traditional energy resources like oilfields, Sri Lanka spends a substantial portion of its export income on importing crude oil, coal, and refined petroleum products. Bandara stressed the economic burden imposed by this dependency and advocated for a shift towards renewable energy sources.
Mannar and Hambantota have been recognized by the World Bank as abundant areas for wind and solar energy respectively. The recent economic crisis underscored the importance of reducing fossil fuel dependency and harnessing Sri Lanka’s abundant renewable resources.
Bandara called for expedited approval of stalled renewable energy projects, citing the evident benefits to the nation’s economy and taxpayers. He urged policymakers to seize the opportunity to transition towards cost-effective and readily available renewable energy solutions, thereby mitigating disruptions in energy supply and fostering technological advancement.
More Information Indunil Bandara Convener
