INSUBCONTINENT EXCLUSIVE:
Vidhura Ralapanawe says Sri Lankas local energy developers are being provided damaging terms for renewable resource jobs compared to foreign
investors.He made this declaration while speaking at an interview assembled by the National Chamber of Commerce on Thursday (03 )
If you take a look at Siyambalanduwa project or Mannar wind project, what they state is designers account for up to 5% unremunerated
curtailment and beyond that if the CEB (Ceylon Electricity Board) reduces, it needs to be compensated at the very same rate
People who bid for that, they account for this 5% curtailment, he noted.The problem is this feed-in tariff utilizes formula
This formula presumes 100% of the power produced will be taken by the CEB
If they wanted, they could put the very same 5% curtailment in the agreement and they ought to have included that in to the formula
Then the agreement ends up being bankable.Furthermore, Dr
Ralapanawe argued that excess curtailment will trigger designers to run at a loss, mentioning, in some years, they are predicting 23% of the
energy will be cut from renewable energy
So, we are performing at a loss.People who keep tariffs low are provided bad conditions while individuals who sign contracts in dollar terms
and fossil fuel contracts are offered favourable terms, he included.
