Energy Reform in Sri Lanka: Towards a New Nuclear Era

Sri Lanka is embarking on a major reform of its electricity sector, with plans to integrate nuclear power for greater efficiency and transparency.
Transition Énergétique Sri Lankaise

Partagez:

The Sri Lankan government has taken a decisive step towards reforming its electricity sector. On November 20, the Cabinet of Ministers approved the Electricity Reform Bill. In addition, this decision marks a turning point in the country’s energy management, focusing on a significant improvement in efficiency, transparency and accountability.

Nuclear Energy: A New Era for Sri Lanka

In a recent statement, Kanchana Wijesekera stressed the importance of this reform:

“Once approved by Parliament, the new electricity law will enable the unbundling of Ceylon Electricity Board (CEB) services, the restructuring of CEB, and encourage private sector participation in generation, transmission and distribution.”

Improving Efficiency, Transparency and Accountability

One notable aspect of this reform is the potential opening up to nuclear energy. Prior to the Cabinet decision, Wijesekera had mentioned that the government was planning to call for Expressions of Interest (EOI) for the establishment of nuclear power in the country. This initiative follows a meeting with representatives of the International Atomic Energy Agency (IAEA).

Partnership with the IAEA for a Robust Legal Framework

The integration of nuclear power into Sri Lanka’s energy mix is part of a long-term vision. Wijesekera pointed out:

“We discussed the structuring of a robust legal framework for the integration of nuclear power, its safe use, waste disposal and public awareness. The government intends to include the safe use of nuclear energy as an integral part of long-term production plans.”

Perspectives and Challenges of Nuclear Integration

Sri Lanka’s electricity generation in 2020, estimated at 15.6TWh, was predominantly based on fossil fuels, accounting for around 10TWh, followed byhydropower with 5TWh, as well as contributions from wind and solar. The CEB, responsible for the generation and transmission of electricity in the country, plans to integrate nuclear power from 2030 onwards in various scenarios of its long-term energy plans.

This reform marks a step change for Sri Lanka in its quest for sustainable and efficient energy. By considering nuclear power, the country is opening up to cutting-edge technologies and paving the way for a cleaner, more responsible energy future.

After several decades without funding nuclear projects, the World Bank has formed a strategic partnership with the IAEA to provide technical and financial support to countries integrating nuclear energy into their energy strategies.
South Korea's Nuclear Safety and Security Commission officially validates the decommissioning of reactor number one at the Kori plant, initiating an unprecedented project for the national industry scheduled to last until 2037.
Uranium producer enCore Energy surpasses three thousand pounds per day at its Alta Mesa ISR complex and sees three new Texas laws as a strong signal for faster nuclear production permits.
The International Atomic Energy Agency expresses concerns over Iran’s enriched uranium stockpiles following the abrupt suspension of inspections at key sites disrupted by recent attacks whose consequences remain uncertain.
NPCIL has announced an extension until September 30 for industrial proposals concerning Bharat Small Reactors (BSR), following increased interest from the Indian private sector.
Facing rising temperatures, EDF anticipates cuts in nuclear production starting early July, primarily due to thermal constraints on rivers used for cooling the power plants.
The preliminary agreement launches planning and site assessment for a tailored AP1000 reactor, following two years of feasibility study, and enlists Westinghouse and Hyundai to support Fortum’s regional nuclear expansion.
Donald Trump's unprecedented decision to dismiss Christopher Hanson, a member of the NRC, provokes outrage among former federal officials and raises concerns over the regulatory independence of the U.S. nuclear sector.
Uranium Energy Corp strengthens its position in Anfield Energy Inc., now holding approximately 32.4% of the company’s shares following an investment of CAD19.55mn ($14.82mn), significantly expanding its strategic influence in the uranium market.
New York State plans an advanced nuclear power plant with a 1-gigawatt capacity to meet long-term energy and economic goals, involving significant investment to enhance regional energy independence.
Niger announces its intention to nationalize SOMAÏR, a mining company jointly owned with Orano, provoking strong opposition from the French company and paving the way for further international legal tensions.
Russia strengthens its economic presence in Mali with new agreements, notably in nuclear energy and gold refining, consolidating strategic cooperation within a rapidly evolving geopolitical context.
The US government grants a fourth payment of $100.45 mn to Holtec International to restart the Palisades Nuclear Plant, pending regulatory approval, marking an unprecedented event in the United States.
EDF announces a major agreement with Apollo to raise up to £4.5 billion via bonds to finance the British nuclear project Hinkley Point C, whose costs continue to rise significantly.
The Élysée proposes Anne-Isabelle Étienvre, current Director of Fundamental Research at the CEA, as General Administrator to replace François Jacq, recently appointed President of CNES.
Greek Prime Minister Kyriakos Mitsotakis has announced his country's interest in small modular nuclear reactors to meet national energy challenges and decarbonize the maritime sector within the next fifteen years.
TerraPower, an American nuclear company, secures $650 million funding from investors, including NVIDIA, to develop its Natrium modular reactors in the United States and internationally.
EDF and the French state finalize a €70 billion financing plan for six EPR2 nuclear reactors, including a specific territorial coordination framework in Gravelines led by Michel Marbaix, awaiting European approval by 2026.
Maire S.p.A and Newcleo form strategic partnership to industrialise the development of 200 MW modular nuclear power plants, via a joint venture majority-owned by Nextchem.
A new European consortium launches the design of a small lead-cooled modular reactor, targeting global commercialisation by 2039, with a demonstration scheduled as early as 2035.