Cabinet has approved a proposal to issue policy guidelines to the Ceylon Electricity Board (CEB) to prepare its generation plan to be in line with the government's policy decision to satisfy 70% of the total electricity requirement from renewable energy sources by 2030.
The government noted that in par with the national policy framework "Vistas of Prosperity and Splendour," it has been aimed to obtain the maximum electricity requirement from renewable energy sources by the year 2030.
The government has now taken a policy decision to satisfy 70% of the total electricity requirement from renewable energy sources by 2030.
In terms of the said policy framework of the government, the CEB has to prepare the "Minimum Least Cost Long Term Generation Plan" subject to the Sri Lanka Electricity Act No. 20, 2009 and its amendments. The Minister of Electricity shall issue general policy guidelines to the CEB in terms of Section 5 of the said Act for the preparation of the said generation plan and accordingly, Cabinet yesterday granted approval for the proposal to issue applicable guidelines to the CEB.
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