May 27, 2016 (LBO) – Sri Lanka’s state-owned Ceylon Electricity Board has failed to recognize the changing dynamics of the energy world when preparing their long term generation plan, an energy analyst charged.
Chairman of the Strategic Enterprise Management Agency (SEMA), Asoka Abeygunawardane, told a public lecture on Thursday that the CEB has even failed to identify the government policy on energy.
“Things were happening during the last five years, and the CEB has failed to recognize that,” Abeygunawardane said.
“So they are coming up with their very old plan which was originally presented in 1990s, just after the completion of Mahaweli.”
Five years back, Abeygunawardane says the situation was different. The solar prices were about 80 percent higher and wind prices were about 50 percent higher.
“I can understand they have failed to understand it in 1990s. That’s ok. But today despite having the government policy clearly defined, they have failed to understand that.”
Based on the following graphs and calculations, Abeygunawardane argues that the renewable energy sources particularly wind, solar and LNG will be cheaper than coal power.