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    Sri Lanka’s New President to Expedite Foreign-Aided Energy Projects

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    EnvironmentEnergySri Lanka's New President to Expedite Foreign-Aided Energy Projects
    OWSA Contributor
    By OWSA Contributor
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    Sri Lanka’s New President to Expedite Foreign-Aided Energy Projects

    Anura Kumara Dissanayake announces a new committee aimed at accelerating approvals for international funding in the energy sector.

    In a bid to enhance energy infrastructure and development, newly elected President Anura Kumara Dissanayake revealed plans on Thursday to fast-track the approval process for foreign-funded energy projects. This initiative was disclosed during a meeting with senior officials from the Ministry of Power and Energy.

    According to the President’s Media Division, Dissanayake emphasized the critical need to expedite projects financed by the Asian Development Bank and other international loans. He announced the formation of a dedicated committee tasked with approving foreign-aid projects within a three-month timeframe to facilitate more efficient implementation.

    “By streamlining the approval process, we can ensure that foreign-supported projects are executed without unnecessary delays,” the President stated.

    During the meeting, Dissanayake also highlighted the importance of maintaining adequate fuel reserves to guarantee uninterrupted availability for the public and urged officials to carefully plan fuel procurement for the coming year. He further stressed the urgency of accelerating rural development projects to strengthen the rural economy by effectively directing funds to villages.

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