In the medium term, Sri Lanka plans to reduce its reliance on oil and coal as dominant sources of energy. Fossil fuels currently meet around 60 per cent of the country’s energy needs. Not only does this cause significant environmental impact, but also leads to rising foreign exchange outflows as energy consumption steadily increases. Consequently, the government is exploring other electricity generation options.
Sri Lanka has excellent conditions for using solar energy, biomass and wind energy whereas it has almost fully exploited its hydropower capacities. In contrast, improving energy efficiency reduces the country’s reliance on energy imports and emissions of carbon dioxide.
Energy Sector Targets Sri Lanka
To make Sri Lanka an energy self-sufficient nation by 2030
Reduce annual energy demand growth by 2% through conservation and efficient use
Increase the share of electricity generation from renewable energy sources from 50% in 2014 to 60% by 2020
and finally to meet the total demand from renewable and other indigenous energy resources by 2030
Reduce the carbon footprint of the energy sector by 5% by 2025
Learn more about the Sri Lankan Energy Sector on ENERGY EMPOWERED NATION 2015-2025.