Sri Lanka to seek Indian or Chinese credit line for solar panel imports: Energy Minister Wijesekara

Updated: Sep 20 2022 1:59PM

Colombo, Sep 20 (PTI) Sri Lanka intends to seek an Indian or Chinese credit line for the purchase of solar panels as a solution to mitigate the high cost of electricity tariffs, Power and Energy Minister Kanchana Wijesekara said on Tuesday amid calls by the influential Buddhist clergy to protest against the rising electricity price.

“We have the problem of foreign exchange, making it difficult to pay for imports. One solution we have to think is to have a credit line from India or China as panels are imported from them," Wijesekara told parliament.

In August, Sri Lanka hiked the electricity tariff by an average of 75 per cent, after nine years.

Press Trust Of India (PTI) is India's premier news agency, with a reach as vast as the Indian Railways'. It employs nearly 400 journalists and 500 stringers to cover almost every city and small town in India. Collectively, our journalists put out more than 1,000 stories and 250 photographs including graphics every day to feed the appetite of the diverse subscribers, who include the mainstream media, the specialized presses, research groups, companies, and government and non-governmental organizations.

General Access

Add On Customer Packages

The Press Trust Of India Ltd.

PTI building 4, Parliament Street, New Delhi-110 001

© PTI 2021, All Right Reserved

Designed by: 4c Plus