Sri Lanka, March 29 -- Sri Lanka's President points out that Trincomalee has been identified as a potential port for green hydrogen due to its proximity to the North, which has abundant sources of green hydrogen, renewable energy, and strong wind power in Sri Lanka.
President Ranil Wickremesinghe said this during a meeting with investors who attended the Sri Lanka Green Energy Summit, which took place at the President's Office recently.
He added that this would create development opportunities for the country and investors, leading to economic expansion and good returns on investment.
President also mentioned the on-going discussion of bringing an oil pipeline from India to Trincomalee, and emphasized the importance of cooperation with South India in moving towards renewable energy.
"Sri Lanka is currently facing two major challenges - debt restructuring and transitioning to green energy," he said.
"While debt restructuring is already underway, the country must also act quickly to establish a green economy. Sri Lanka has great potential to generate energy through renewable sources such as solar, wind, biogas, and sea waves."
President Wickremesinghe believes that transitioning to a green economy could be the key to building a stronger economy for Sri Lanka. He highlighted that Sri Lanka has the potential to become the first in Asia in green energy, thanks to its natural resources and the experienced investors present at the meeting.
Minister of Foreign Affairs Ali Sabri, Minister of Power and Energy Kanchana Wijesekera, Environment Minister Naseer Ahmed, State Minister Dilum Amunugama, Senior Advisor to the President on Climate Change Ruwan Wijewardene, International Adviser to the President on Climate Change Eric Solheim, Dr. Anil Jasinghe, Secretary of the Ministry of Environment, as well as local and foreign investors and other officials participated in this discussion at the Presidential Secretariat. Published by HT Digital Content Services with permission from Lanka Business Report. For any query with respect to this article or any other content requirement, please contact Editor at firstname.lastname@example.org