Sri Lanka Sustainable Energy Authority Act, 2007
The Sri Lanka Sustainable Energy Authority Act establishes an authority called the Sri Lanka Sustainable Energy Authority (Authority). The management and administration of the Authority is vested in a Board of Management composed of Secretaries of various ministries as ex officio members and several appointed members.
The objectives of the authority shall be to:
- Identify, assess and develop renewable energy resources with a view to enhancing energy security and thereby derive economic and social benefits to the country.
- Identify, promote, facilitate, implement and manage energy efficiency improvement and energy conservation programmes for use of energy in domestic, commercial, agricultural, transport, industrial and any other relevant sector.
- Promote security, reliability and cost effectiveness of energy delivery to the country, by policy development and analysis and related information management.
- Ensure that adequate funds are available for the Authority to implement its objects, consistent with minimum economic cost of energy and energy security for the nation.
The Act provides for the declaration of areas as suitable for renewable energy development projects, which area shall be absolutely owned by the state, subject to payment of compensation to the owner. The Act also provides for the required authority to engaged in on-grid and off-grid renewable projects. It further mandates the adoption and implementation of energy efficiency and conservation programmes.