Russia has pledged support to the island nation's power and energy sector improvement initiatives while strengthening existing mutual relations and partnerships which goes beyond traditional ties.

This pledge was given by Russian Ambassador in Sri Lanka Yury Materiy when he called on Power and Energy Minister Dullas Alahapperuma in Colombo recently.

He told the minister that he will assure on behalf of his country to assist Sri Lanka to further develop the power sector while encouraging his government and investors to invest in Sri Lanka towards this end.

He assured that Russian companies will invest in Sri Lanka to set up coal and natural gas power plants in the country while exploring the possibility of installing a nuclear power plant.

He noted that he will take every effort to extend Russian nuclear energy regulatory authority's technical know how and training towards the improvement of Sri Lanka’s Atomic Energy Authority.

As a country that has the world’s largest natural gas reserves and the second-largest reserves of thermal coal, Russia is ready to assist Sri Lanka’s renewable energy transition, he opined.

"Russia has always supported and backed Sri Lanka in all international fora. We have received similar support from Sri Lanka, and the country values it a lot," he added.

Minister Alahapperruma explained the country’s hydro thermal and coal power generation status at present while seeking Russian assistance to promote coal and natural gas power plants in the island in the near future.