Variable tariff scheme for new power purchasing agreements: Kanchana

15 June 2023 11:43 am Views - {{hitsCtrl.values.hits}} 3 Bookmark

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The Power and Energy Ministry has introduced a 20-year variable feeding tariff scheme from June 13 for new renewable energy developments up to 10 MW.

Power and Energy Minister Kanchana Wijesekara said in a Twitter post that the new tariffs are only applicable to new power purchasing agreements (PPA).

"Developers will have the option to pick either the fixed tariff or the variable tariff at the signing of the PPA and will not be able to switch after signing," he said.

The Minister said rates paid for every PPA signed on the variable tariff scheme will be varied every 3-6 months over the 20 years while factoring the interest rates and other parameters to calculate the formula. Rates made available at the signing of fixed tariff PPAs will remain fixed for the full 20 years," he said. (Ajith Siriwardana)

Comments - 3

K.K. Bandara - 3wheel driver your supporter Thursday, 15 June 2023 12:03 PM

Plans were drawn to throw you out by Mahinda

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L.P. Mendis Thursday, 15 June 2023 12:08 PM

You have earned lot of enemies in a short period of Politics serving under Ranil's shoes. Please resign and go and hide yourself in a forest or go out of the country.

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dilip Thursday, 15 June 2023 01:27 PM

this is a good move to increase renewable energy inputs to the country, all those money will remain in Sri Lanka, unlike foreign investors, drawing all profit from our natural resources which is very bad for our economy (Ex Adani)

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