Centuries before the world debated net-zero targets or climate resilience, Sri Lanka was living the principles of sustainability. Not in theory, but in soil, stone, and water.
Culture Trip
From the 3rd century BC to the 13th century AD, this island known to be the pearl of the Indian ocean was a beacon of engineering brilliance and agricultural wisdom. Monarchs like King Vasabha, Mahasen, and the great Parakramabahu envisioned and built a hydraulic civilisation so intricate and efficient that it astonished modern engineers and environmentalists alike. The crown jewel of this ancient brilliance? A vast, interconnected web of over 30,000 tanks and canals that collected, conserved, and shared water.
Take the Yodha Ela canal: built in the 5th century, it carried water 87 kilometres from Kala Wewa to Tissa Wewa in Anuradhapura with a gradient of just one inch per 1,000 feet. UNESCO called it "an engineering marvel centuries ahead of its time." This wasn’t just infrastructure; it was national identity. It was how a small island fed millions, even in drought.
But somewhere along the way, we forgot.
Grand Promises, Missed Potential: The Lessons of Mahinda Chinthana
In 2005, the Mahinda Chinthana vision swept in with a surge of nationalist pride and large-scale ambition. It promised to transform Sri Lanka into the "Miracle of Asia" with highways, ports, and airports. And yes, it built big. But it also borrowed big.
Projects like the Hambantota Port and Mattala Rajapaksa International Airport were conceived with geopolitical urgency but delivered questionable utility. By 2017, Mattala had earned the title of "world's emptiest airport" (Forbes, 2016), while Hambantota—struggling under debt—was leased to China for 99 years to settle dues (New York Times, 2018).
The energy sector fared no better. Coal and diesel were prioritized over renewables. Power Purchase Agreements (PPAs) for thermal plants were signed with minimal transparency. The Ceylon Electricity Board (CEB) became a loss-making giant, bleeding over Rs. 100 billion annually by 2021 (PUCSL Annual Report 2022).
In a nation bathed in sun, solar remained a footnote.
A New Dawn: Sri Lanka’s Solar Pivot
Fast forward to 2024. The economic collapse of 2022 shook Sri Lanka to its core unlike ever before. Blackouts, fuel lines, and food shortages revealed the fragility of our centralised, fossil-fuel dependent system. But crisis, as history shows, breeds clarity.
Enter the Electricity Act of 2024, a quietly revolutionary piece of legislation passed with rare bipartisan support. It:
The national target? 70 percent renewable energy by 2030, with solar expected to generate over 40 percent of national supply Sri Lanka Energy Sector Master Plan, 2023-2040).
Already, the gears are turning:
The direction is clear: from dependency to dignity.
Why Global Investors Should Pay Attention
Sri Lanka isn’t just reforming. It’s repositioning. Here’s why it deserves a closer look:
Market Size and Returns
Legal and Regulatory Safeguards
Strategic Position
Sri Lanka isn’t asking for sympathy. It’s offering unparallel market potential.
For Policymakers: Turning Reform into Results
If we want the world to invest, we must de-risk our vision. Here are the next steps:
Stabilise Tariffs
Scale Agrivoltaics
Finance Local Champions
Build Capacity
We owe our people not just power, but purpose.
The Agrivoltaic Revolution: Where Past Meets the Future
One of the most exciting models emerging is the AgriVoltaic Project in Eastern Province proposed by the UK based Noteworthy Global Pvt Ltd:
This isn’t innovation for its own sake. It’s a return to what Sri Lanka once was: a civilization where water, sunlight, and community worked as one.
Closing: This Time, Let the Light Last
We were once a kingdom of cascading reservoirs and radiant minds. Let us now become a republic of clean energy and shared prosperity.
The same sun that rose over Mihintale and Polonnaruwa now shines on our rooftops, our fields, our ambitions. This isn’t just about electricity. It’s about rebuilding a nation’s soul.
From tanks to solar fields, Sri Lanka can reclaim its legacy. And this time, let the light last.
About Hiran Daluwatta and Noteworthy Global
Hiran Daluwatta, a seasoned professional with over two decades of experience predominantly in tech and project management, is the founder ofNoteworthy Global. This UK-based private limited company is dedicated to connecting high-potential projects with forward-thinking investors worldwide.
Noteworthy Global places a strong emphasis onROI-driven sustainabilityand the cultivation oflong-term, impactful partnerships. Their work spans renewable energy initiatives, including significant projects in Sri Lanka, as well as project management, digital innovation, and net-zero solutions.
