The Ceylon Chamber of Commerce set up the National Agenda Committee (NAC) on Energy in August 2017 with the aim of “recommending suitable strategies and advocating for the resolution of pressing issues in the energy sector”. The complexity of the subject, diversity of stakeholders and overlapping jurisdictions precluded the NAC from meeting its Immediate Term (3 month) deliverable, which was a “rapid-action note on specific bottlenecks in the sector,” and required us to first develop a good understanding of all identified issues through a series of focused expert presentations, key informant interviews (KIIs), discussions and research. Conscious of the need to deliver a meaningful and practical assessment in today’s context, this analysis is based on a combination of quantitative and qualitative methods, including an analysis of secondary data, publicly available literature, on-line information and social media posts.
This report is therefore an in-depth assessment of the challenges to, and vulnerabilities of, Sri Lanka’s energy sector in terms of its operations, regulations and policy, as conducted by the NAC, with a view to identifying potential solutions and mitigatory measures required to keep the country’s economic development on track and unleash Sri Lanka’s fullest potential. The emphasis is on the power sector in this edition, with a detailed analysis of the petroleum sector planned for a future version.