'Govt. Will Not Sign Investment Or Trade Agreement Detrimental To Country’: President

No matter what economic benefits are received, the Government will not sign any investment or trade agreement with any country that is detrimental and inappropriate for the country, President Maithripala Sirisena said. 

He made these remarks participating in a progress review meeting of the Ministry of Power and Renewable Energy held at the Presidential Secretariat yesterday.

Future plans of the Ministry and its affiliated institutions were discussed at the meeting. 

Attention was drawn regarding the long-term power generation plans of the Ceylon Electricity Board. Attention was also drawn regarding the proposals made to introduce a suitable power generation plant to strengthen the economy while giving proper place for the environmental conservation.

Utilizing power sources strategically to ensure the national energy security was also discussed at the meeting. 

Accordingly, proposals to use alternative sources of energy like fossil fuels- natural gas, coal, oil as well as renewable resources like solar power, wind power, geothermal heat, waves and solid waste and the use of nuclear power for the purpose of power generation were discussed in detail.

 

 

 

The President also looked into the progress of the reducing the carbon emissions as agreed in the Paris Convention.

 

 

 

Minister of Power and Renewable Energy, Ranjith Siyambalapitiya, Deputy Minister, Ajith P. Perera, Heads of the affiliated institution of the Ministry of Power and Renewable Energy and officials participated in this meeting.