In a post on Twitter in late November 2015, Sri Lanka’s president, Maithripala Sirisena, wrote, “[Sri Lanka] has great potential to generate renewable energy, and it’s essential that we encourage and inspire investors’ focus towards it.” The statement served to reiterate the government’s commitment to the development of sustainable energy...
The offshore Mannar Basin has seen an influx of energy-related activity in the past decade. Since 2007 exploration carried out in Mannar – which is part of the Laccadive Sea and the Indian Ocean – has yielded evidence of considerable oil and gas deposits. As of early 2016, however, commercial production has not yet started, and Sri Lanka...
In a manifesto released in the run-up to Sri Lanka’s 2015 presidential election, Maithripala Sirisena, the then-presidential candidate for the New Democratic Front party, put energy sector reform at the top of the agenda, noting that “energy constitutes one of the foremost factors deciding the future of the country”. Since winning the election...
In late February and early March 2016 Sri Lanka suffered a series of island-wide power outages, setting off a cascade of automatic shutdowns across the country’s power generation and transmission infrastructure. Some facilities – including the 900-MW Puttalam coal plant in Norochcholai, the largest power plant in the country – were offline for...
In 2015 and early 2016 the state rolled out a series of reforms and initiatives aimed at shoring up the country’s energy industry, including expanding the national electricity grid, particularly in rural areas; developing new renewable energy sources; opening up the hydrocarbons sector to greater foreign investment; and working to introduce a new fuel pricing formula, which has the potential...
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