Sri Lanka, April 2 -- The Federation of Renewable Energy Developers (FRED) Sri Lanka yesterday raised serious concerns about a resurgence of the 'diesel mafia', accusing it of systematically moving to cause a natural death to the country's solar power sector.

They allege that recent actions, including a drastic reduction in feed-in tariffs and the imposition of stringent clauses in Power Purchase Agreements (PPAs), will render the sector uninvestable.

At a press briefing in Colombo, FRED Sri Lanka President Thusitha Peiris asserted that a Ceylon Electricity Board (CEB)-dominated tariff committee, comprised of individuals with vested interests, has decided to reduce feed-in tariffs for solar power plants under 10MW by an unprecedented 25...