Expack Corrugated Carton of Sri Lanka to set up 10MW solar power plant on BOO basis in the eastern region

Expack Corrugated Carton of Sri Lanka to set up 10MW solar power plant on BOO basis in the eastern region

Expack Corrugated Cartons (Pvt) Ltd of Sri Lanka, which is a subsidiary of Aberdeen Group, has reportedly won a tender to build, own and operate (BOO) a 10MW solar power plant in Vavunathivu in the Batticaloa District in the country’s eastern region.
The Government Information Department has stated that the firm, which makes printed corrugated cartons, was among 17 which bid for the tender.
Once the power plant is built, Expack Corrugated Cartons is to sell power to the state utility company Ceylon Electricity Board (CEB) under a 20-year power purchase agreement at Rs. 18.37 per KWh.
Accordingly, the plant that will be known as the Vavunathivu Solar PV Power Project, will be connected to a grid substation near Vavunathivu.

OSL take:

The tender won by Expack Corrugated Cartons (Pvt) Ltd to build a 10MW solar power plant in the Batticaloa District on BOO basis indicates opportunities for other locally based companies to get involved in setting up solar power plants of smaller capacities to be connected to the national grid. The Sri Lankan government has already launched a programme to promote solar power plants in the country through its “Battle for Solar Power.” It is expected to serve as a solution to the looming power crisis in Sri Lanka.

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Article Code : VBS/AT/20180312/Z_4

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