Sri Lanka Consolidated Acts

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Energy Conservation Fund Act (No. 2 of 1985) - Sect 6

Objects of the Fund

6. The objects for which the Fund is established shall be to finance, promote and initiate activities and projects relating to the improvement of any or all aspects of energy demand management and conservation programmes in Sri Lanka, and in particular-
(a) identifying available technologies for improving efficiency in-
(i) the use of energy in agriculture, industry, commercial, domestic and transport sectors; and
(ii) the production of energy, processing, conversion, transportation, storage, co-generation and heat recovery techniques;
(b) identifying policy measures that can be enforced, such as
(i) economic incentives and disincentives including pricing policy and taxation;
(ii) education and information services; and
(iii) institutional arrangements and any other measures ;
(c) creating a core of active managerial level personnel who will formulate and develop action oriented energy conservation programmes relevant to national needs;
(d) promoting a programme on energy efficiency demand management and conservation and provide funds for the development and promotion of energy conservation programmes initiated by any institution;
(e) assisting with the public and private sector institutions to embark on energy efficiency demand management or conservation programmes;
(f) initiating, promoting, conducting and co-coordinating research, surveys and investigations regarding any aspects of energy efficiency demand management or conservation;
(g) organizing seminars, workshops and courses in energy efficiency demand management or conservation and provide information and education to the public regarding energy demand management or conservation;
(h) specifying standards, norms, codes and other criteria for maintaining the quality of the energy and reduce wastage by energy conservation techniques;
(i) carrying out research and development and pilot studies, leading to the implementation of energy substitution schemes especially involving new and renewable sources of energy ;
(j) promoting, encouraging, coordinating and carrying out long-term planning and policy analysis in all aspects of energy management and conservation;
(k) publishing reports, articles, periodicals, papers, supplements, booklets and provide information and education with regard to any aspects of energy demand management or conservation;
(l) providing funds for the participation in seminars and workshops and supplementary scholarships organised by international institutions with respect to energy demand management or conservation; and
(m) any other matters that may be referred to the Fund by the Minister, as may be necessary or conducive to the attainment of the objects set out in the preceding paragraphs of this section.


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