President Dissanayake presents 2027 budget proposals targeting 69% renewable energy by 2029
Summarised by AI from 2 articles
Presenting the 2027 budget proposals, President Anura Kumara Dissanayake announced plans to increase renewable energy to 69% by 2029, allocating Rs. 26.5 billion to expand sector capacity.
To maintain grid stability, two 75 MVAR synchronous condensers will be installed at Habarana and Mannar, while a 300 MW facility at the Padukka 220KV grid substation is scheduled for completion by 2029.
Plans are also underway to store excess electricity generated during the day, targeting a total battery storage capacity of 1,245 MW by 2029.
A Rs. 3,500 million fund will provide domestic rooftop solar users battery subsidies of Rs. 25,000 per kilowatt up to Rs. 250,000. The 10% Port and Airport Development Levy on imported solar storage batteries will be removed.
Read the original reports
How the story developed
- සිPresident Dissanayake proposed a digital transformation authority, an AI center, and student broadband internet vouchers.
- සිPresident Dissanayake allocated 200 million rupees for a Katunayake Airport flyover to support re-exportation centers.
- தHarsha de Silva criticized the budget for lacking structural change and maintaining previous expenditure levels.
- සිOpposition Leader Sajith Premadasa accused the government of concealing economic data and manipulating budget figures.
