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Tuesday, 15 April 2014 - 7:58
Sri Lanka cautioned on rising renewable energy costs.
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Sri Lanka's central bank has sounded a note of caution and over the rising burden of renewable power on consumers as the proportion of non-conventional renewable power increases in the grid.

Sources such as large conventional hydro plants have always been cheap and are widely used the world over, without any political propaganda or tax payer money to subsidize them.

In Sri Lanka in particular power sector analysts have said some renewable feed in tariffs are among the highest in the world, which may promote the building of smaller and less efficient plants at a cost to consumers and export competitiveness.

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