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* Sri Lanka seeks Swiss investments in power sector
Wed, Aug 14, 2019, 09:44 pm SL Time, ColomboPage News Desk, Sri Lanka.

Aug 14, Colombo: Minister of Power and Energy and Business Development Ravi Karunanayake says further strengthening the friendly ties with Switzerland, Sri Lanka will focus attention on receiving investments in the country's power sector.

He made this statement during a meeting with Switzerland's Ambassador to Colombo Hanspeter Mock at the Ministry recently.

The Swiss Ambassador paid special attention to the 'Suryabala Sangramaya' solar power project, which is currently being implemented island wide, and the "Net Plus" and "Net Metering" systems that are in place related to the project.

The Ambassador further inquired from the subject Minister of their implementation and the benefits to the consumer as well as to the Ceylon Electricity Board as an institution. He noted that investors in Switzerland will be encouraged to invest in the solar power industry in the island nation.

The Minister said that Sri Lanka is now turning to renewable energy sources and added that Sri Lanka has reached a significant level through renewable sources such as solar and wind.

He said that the solar power project implemented island wide has reached an optimal level and measures will be taken to develop the project further.

The Ambassador emphasized that Sri Lanka is ahead of the rest of the region in providing electricity. "It is great work done by the government that a developing country like Sri Lanka is paying special attention to people's infrastructure facilities and through this it is easy to rise as a country and embark on a path of development," the Ambassador said.

The Ambassador said his attention was directed especially to the solar and wind power generation currently being pursued by Sri Lanka.


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