ECONOMYNEXT – Sri Lanka’s energy minister Kumara Jayakody said the country cannot have cheap energy if the Ceylon Electricity Board is pressured to buy power at high prices from private parties and households, amid calls to raise prices paid for solar power. “On one side you are question us why we are not bringing down electricity bills,” Minister Jayakody told parliament. “On the other side you are asking why renewable prices are being brought down. In no world can that type of business be operated. It is not possible to buy at high prices and sell at low prices. “If…
Sri Lanka energy minister warns lobbying for high renewable power tariffs will backfire on nation
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