US EditionRenewable energy in peril as tariff shake-up threatens billions in losses
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Renewable energy in peril as tariff shake-up threatens billions in losses
The Federation of Renewable Energy Developers (FRED) yesterday sounded the alarm over a looming crisis sparked by the proposed new tariff system awaiting Cabinet approval. With 150 to 200 projects stuck in limbo, FRED warns that if progress stalls, the Ceylon Electricity Board (CEB) could face annual losses exceeding Rs. 13 billion. Speaking to the media, FRED Chairman Thusitha Peiris highlighted one of the most contentious aspects of the propos
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