1 / 12

Subsidies for Fossil Fuels in Sri Lanka

Subsidies for Fossil Fuels in Sri Lanka. CAPACITY DEVELOPMENT WORKSHOP ON FOSSIL FUEL AND RENEWABLE ENERGY (FFRE) FOR INDIAN OCEAN AND AFRICAN SIDS Organized by United Nations Office for Sustainable Development (UNOSD) and Commission Maurice Ile Durable (MID Commission), Mauritius

jack
Download Presentation

Subsidies for Fossil Fuels in Sri Lanka

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Subsidies for Fossil Fuels in Sri Lanka CAPACITY DEVELOPMENT WORKSHOP ON FOSSIL FUEL AND RENEWABLE ENERGY (FFRE) FOR INDIAN OCEAN AND AFRICAN SIDS Organized by United Nations Office for Sustainable Development (UNOSD) and Commission Maurice Ile Durable (MID Commission), Mauritius Clos Saint-Louis, Domaine Les Pailles, Mauritius, 12-16 May 2014 Thusitha Sugathapala Director General Sri Lanka Sustainable Energy Authority Ministry of Environment & Renewable Energy

  2. OVERVIEW • Sri Lanka at a Glance • Fossil Fuel Sector • Taxes / Subsidies of Fossil Fuels

  3. SRI LANKA AT A GLANCE • Socio-Economic • Population 20.2 Million • No. of HHs 4.7 Million • Per Capita GDP 2,900 US$ • GDP Growth rate ~ 6 to 8 % • Energy Sector Main Sources of Energy: • Biomass, Petroleum, Coal, Large hydro, • Other REs (Small hydro, wind, solar) • Total Consumption: 8.927 MToE • Industry 24 % • Transport 28 % • Domestic & Commercial 48 % • Electricity Sector • Total Installed Capacity: 3180 MW Peak Load: 2150 MW Gross Generation: 11,800 GWh HH Electrification: 94 % • Installed Capacities by Source • Hydro 1,357 MW • Thermal 1,638 MW • NRE 384 MW • Elect.Generation by Source • Hydro 30 % • Thermal 64 % • New RE 6 %

  4. FOSSIL FUEL SECTOR • Primary Energy Supply by Source Coal New RE Hydro Oil Biomass

  5. FOSSIL FUEL SECTOR • Electricity Sector – Gross Generation Coal New RE Oil Hydro

  6. FOSSIL FUEL SECTOR • Importation of Fossil Fuels

  7. FOSSIL FUEL SECTOR • Future Demand • Petroleum Oil (000’ bpd)

  8. FOSSIL FUEL SECTOR • Future Demand for Coal (Grid Electricity)

  9. TAXES / SUBSIDIES OF FOSSIL FUELS • Government Policies • Until recently, furnace oil and kerosene were provided to the customers at subsidized rates • Promote industrial growth / competitiveness • Reduced energy cost for rural (non-electrified) households • Further, increasing share of oil in electricity sector resulted in cost escalation and therefore fiscal instruments were used in managing the product prices. • However, increasing importation of oil to cater for demand growth severely affected the national budget that the government was forced to remove almost all the subsidies. • Yet, compared to other imported commodities, the taxes imposed for fossil fuels are lower in general.

  10. TAXES / SUBSIDIES OF FOSSIL FUELS • Government Policies • Cost revisions

  11. TAXES / SUBSIDIES OF FOSSIL FUELS • Taxes on Fossil Fuels • Transport • Heat / Power.

  12. Thank You

More Related