Hon. Kumara Jayakody - Minister of Energy
A Cabinet sub-committee has been appointed to examine the matter, and action will be taken based on its report. The Minister said the average renewable energy tariff of Rs. 18.99 reflects lower prices achieved through competitive procurement, despite higher tariffs in some legacy projects, and that this approach will continue to reduce costs. On fuel-related concerns, he stated that the Government is correcting unlawful practices dating from 2019 to prevent misuse of public funds and protect tax revenue, with further clarification expected from the State Minister of Finance.
Verbatim record (translated)
Machine-translated from Sinhala / Tamil / English¶ 01 We have appointed a Cabinet sub-committee on this. We will act in accordance with its report.
¶ 02 Regarding your concerns on average renewable tariffs, Rs. 18.99 is an average. Many projects procured competitively are lower—some below Rs. 15, many under Rs. 20—hence the lower average. While some legacy projects receive Rs. 22, 27, 37, or 43, competitive procurement will continue bringing prices down.
¶ 03 On the fuel matter you raised: as a Government, we have a duty to prevent misuse of public funds. Since 2019, certain practices operated unlawfully. We are rectifying them; this directly relates to taxes and public revenues. I believe our State Minister of Finance will further clarify.
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- Hansard, Saturday, 1 March 2025 ·No. 1741955797040395 ·English daily/uncorrected Hansard
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Cite as: Hon. Kumara Jayakody - Minister of Energy. 10th Parliament, Parliament of Sri Lanka. Hansard, 1 March 2025. No. 1741955797040395. Politick, https://staging.politick.io/lk/speeches/171