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.