Japanese Investors Meet with Sri Lankan Energy Minister to Discuss Renewable Energy Opportunities

A high-level group of Japanese investors has met with Sri Lankan Energy Minister Kumara Jayakody to discuss investment opportunities in the country's renewable energy sector. The investors expressed interest in modernizing and developing the country's electricity transmission system, but cited delays and problems in obtaining permits from state institutions as a major concern. The Minister assured the investors that the government has identified these issues and is taking steps to resolve them, and expressed the government's commitment to providing necessary facilities to investors.

Key Takeaways:

• Japanese investors expressed interest in investing in Sri Lanka's renewable energy sector, particularly in the modernization and development of the electricity transmission system.
• The investors cited delays and problems in obtaining permits from state institutions as a major concern, but the Minister assured them that the government is addressing these issues.
• The Minister stated that the government is committed to providing necessary facilities to investors with immediate effect.
• The meeting was attended by Senior Additional Secretary to the President Subhash Roshan Gamage.
• The investors expressed gratitude towards Japan for its support in developing Sri Lanka's infrastructure and willingness to invest in the country's power generation and transmission sectors.
• The Minister emphasized the importance of Sri Lanka's relationship with Japan as a long-term friend and expressed appreciation for Japan's support.

Statistics:

• None mentioned in the article.

Sources:

• "Japanese investors meet with Sri Lankan Minister to discuss opportunities" (Daily News Sri Lanka, no date given)