Lankan President in talks to sell extra energy to India.

By Oliver Townsend Jun 16, 2024
Negotiations underway on sale of surplus renewable energy to India: Lankan President.jpegOrginal image from: https://www.thehansindia.com/news/international/negotiations-underway-on-sale-of-surplus-renewable-energy-to-india-lankan-president-885112

Currently, negotiations are in progress regarding the sale of surplus renewable energy from Sri Lanka to India, according to Sri Lankan President Ranil Wickremesinghe. This initiative aims to establish a power line connection between the two countries, with a feasibility study already underway. The potential sale of renewable energy to India could have significant benefits for both nations, fostering sustainable energy practices and strengthening bilateral ties. Let’s delve deeper into the details of these negotiations and their potential impact.

Negotiations for Sale of Surplus Renewable Energy

President Wickremesinghe announced that discussions are ongoing for the sale of excess renewable energy to India. A feasibility study is currently being conducted to establish a power line connection between the two countries. This initiative could pave the way for sustainable energy trade and collaboration, benefiting both Sri Lanka and India in terms of energy security and environmental conservation. The upcoming visit of the Indian Foreign Minister to Sri Lanka is expected to further advance these negotiations.

Feasibility Studies and Development Projects

The President’s Media Division (PMD) revealed that a pre-feasibility study for a land connection between Sri Lanka and India has been completed, with plans for a full feasibility study in the pipeline. These studies are crucial in determining the technical and economic viability of the proposed power line connection. Additionally, discussions between President Wickremesinghe and External Affairs Minister S. Jaishankar covered India’s ‘Neighborhood First’ policy and plans for an industrial zone in Trincomalee. These development projects aim to attract Indian investors and enhance economic cooperation between the two countries.

Potential Benefits and Opportunities

The sale of surplus renewable energy from Sri Lanka to India presents numerous benefits and opportunities for both countries. By leveraging clean and sustainable energy sources, India can meet its growing energy demands while reducing its carbon footprint. For Sri Lanka, this initiative could generate revenue and strengthen its position as a regional leader in renewable energy production. The collaboration between the two nations also opens doors for future partnerships in energy infrastructure and technology, fostering innovation and economic growth.

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