[Sri Lanka] - Sri Lanka to seek investors for nuclear reactor

INSUBCONTINENT EXCLUSIVE:
Sri Lanka will call for expressions of interest (EOI) in setting up nuclear power plants, its energy minister said on Friday, as it seeks
cheap electricity to support its economic recovery.The primary source of energy in the island nation is from imported oil and coal, and
hydropower
The government aims to produce 70% of its electricity from renewable sources by 2030 and it sees nuclear power as a low-carbon option for
its energy mix
in July cited Wijesekera as saying that Sri Lanka was assessing nuclear power plant offers from Russia, the United States, India and some
European countries.In 2010, the then energy secretary said Sri Lanka planned to build a one-gigawatt nuclear power plant by 2030.India is
the only South Asian country to have a nuclear power plant, built with Russian collaboration, while Bangladesh and Pakistan are in the
signed a deal in June to build a 1,200-megwatt plant in Punjab province.Sri Lanka, a country of 22 million people, secured a $2.9 billion
bailout loan from the International Monetary Fund in March to tackle a suffocating debt burden and its worst economic crisis since the end