Sri Lanka will sign a memorandum of understanding (MoU) with India to promote renewable energy as the Island nation aims to generate 70 per cent of its electricity requirements from renewable sources by 2030. Sri Lankan Cabinet has given approval for a MoU on the cooperation in the field of renewable energy between the two countries, a Sri Lanka Cabinet spokesman said. “The government has declared generating 70 per cent of the electricity requirement by 2030 from renewable energy sources to become independent in power supply and for neutralising carbon emissions by 2050,” the spokesman added. He said that the Indian government has expressed willingness to strengthen renewable energy sector by operating and facilitating power generation using solar, wind and power generation through biomass. India is also to provide continuous transmission of infrastructure in places where agreed mutually in the island including the northern and eastern provinces in cooperation with private and state entrepreneurs in India and Sri Lanka. Source: IANS