Opposition Leader Sajith Premadasa has accused the government of being influenced by a ‘fuel cartel’ alleging that renewable energy projects are being deliberately obstructed.
In a post on X Premadasa criticized the recent reduction in solar feed-in tariffs, calling it an act of ‘absolute corruption’ with ‘no economic logic’.
“I’ve never said this before. But it’s time we call it, the fuel cartel runs this government. Every renewable project is blocked or buried. Now they’ve cut solar tariffs. No economic logic whatsoever just absolute corruption,” he said.
The Opposition Leader’s statement comes after the Solar Industries Association (SIA) announced its opposition to a proposed reduction in rooftop solar feed-in tariffs in Sri Lanka, warning it could harm over 1,000 businesses and 40,000 jobs.
In a letter to the Treasury Secretary, the SIA said lowering tariffs from Rs. 27 and Rs. 23 to Rs. 19 and Rs. 14 would damage the fastest-growing segment in renewable energy, which contributed over 500 MW in 2024. The group urged the Ministry of Finance to revise the proposal, citing concerns over cost assumptions and its potential impact on clean energy goals. (Islandnews)
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