COLOMBO, March 18 -- Sri Lanka is preparing to introduce a special tariff structure for solar power with battery storage, enabling electricity supply during the night-time peak hours, Energy Minister Kumara Jayakody announced in Parliament.

The move aims to attract investors and accelerate the country's transition to renewable energy, in line with Sri Lanka's goal of generating 70% of its electricity from renewable sources.

"It is likely to be a promotional tariff," Minister Jayakody said, adding "We want investors to come forward, and we will ensure that it is a profitable venture for them."

Under the proposed plan, batteries will be charged during daylight hours, and the stored energy will be dispatched to the grid at night, addressi...