Sri Lanka is on a mission to revamp its state-owned enterprises, including the Ceylon Electricity Board (CEB) under the IMF Program, while the country is fully committed to achieving the Government of Sri Lanka’s target of seventy percent share of renewable energy in power generation by 2030. Japan International Cooperation Agency (JICA) has been supporting Power Sector Reform Secretariat (PSRS) since August 2023 to assist the reform and their efforts to attain the 70% renewables in 2030. From the beginning, PSRS has been immensely working on the planning and execution of restructuring the power sector.
To further energize this transformation, JICA has agreed with Ministry of Power and Energy (MoPE) to dispatch Japanese experts to improve the capacity of power system operation and planning. The experts will consider the countermeasures utilizing Japanese technology and knowledge against the instability of electricity supply caused by the large-scale introduction of renewable energy in collaborate with National System Operator, which will take over such function from CEB.
An agreement on this cooperation was signed between the secretary of MoPE, Dr. Sulakshana Jayawardena and Chief Representative of JICA Sri Lanka Office Mr Yamada Tetsuya on 11th September 2024 at MoPE. During the brief meeting with the secretary, Mr Yamada noted that JICA and people of Japan would continue to support Sri Lanka to achieve its renewable energy targets and transform the power sector so that the people of Sri Lanka could benefit its positive outcomes.