![Gossip Lanka News [English]](https://blogger.googleusercontent.com/img/a/AVvXsEhYm2aFFq-bIW1nWX-RrqnPFoIsVos6_VCVz8BpLt0QJi55GNXHXC2fugeRvL0qUStEuCfs7Sfu6ZiSlhrkldxfGuE_wzy5gitY6rMZ2KSi8VBbGvkgXLks37RwZV-4-HKbWiNLRxB8C_r1e4z3mpxFTMPDJPEADoG8E-bZteWFipeD5KNGbjvCfqEfKw=s300 "Gossip Lanka News [English]")
A consortium of 43 renewable energy developers has called on President Anura Kumara Dissanayake to intervene in the prolonged delays stalling Sri Lanka’s renewable energy projects initiated under the 2021 Expression of Interest (EOI) process. With over USD 3.5 billion in foreign investment at stake, the developers warn that bureaucratic inefficiencies and policy uncertainty are jeopardizing the country’s clean energy transition.
Bottle Necks
Despite obtaining necessary regulatory approvals, including environmental clearances and grid impact assessments, these projects remain stuck due to slow tariff negotiations and administrative bottlenecks. The developers caution that continued inaction could cost Sri Lanka LKR 15–20 billion annually, as reliance on costly fossil fuels persists.
The group is urging the President to expedite tariff approvals, extend project deadlines by 24 months, and establish a stable policy framework to attract international climate funding. Without immediate intervention, they warn that investors may withdraw, threatening Sri Lanka’s goal of achieving 70 percent renewable energy by 2030.
Despite obtaining necessary regulatory approvals, including environmental clearances and grid impact assessments, these projects remain stuck due to slow tariff negotiations and administrative bottlenecks. The developers caution that continued inaction could cost Sri Lanka LKR 15–20 billion annually, as reliance on costly fossil fuels persists.
The group is urging the President to expedite tariff approvals, extend project deadlines by 24 months, and establish a stable policy framework to attract international climate funding. Without immediate intervention, they warn that investors may withdraw, threatening Sri Lanka’s goal of achieving 70 percent renewable energy by 2030.
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