New York, 16 Aug - Sri Lanka can meet its current and future electricity demand by judicial use of renewable energy by 2050, according to a joint study by the UN Development Programme (UNDP) and Asian Development Bank (ADB). The report, titled Assessment of Sri Lanka’s Power Sector—100 percent Electricity Generation through Renewable Energy by 2050, notes that by 2050, the country’s installed electricity generation capacity needs will increase from the current 3,700 megawatts (MW) to about 34,000 MW. Of this, 15,000 MW will be wind energy and about 16,000 MW will be solar energy. Balance capacity is expected to be met by hydro and biomass based power plants. Further to addition of renewable electricity generating sources, the study has identified need to introduce electricity storage solution which should provide instantaneous power of 3,600 MW and energy storage capacity of 15,000 MWh. This will ensure stability of the electricity grid.