Opportunity Sri Lanka | » Govt. approves hybrid wind and solar energy park in Pooneryn
Govt. approves hybrid wind and solar energy park in Pooneryn

Govt. approves hybrid wind and solar energy park in Pooneryn

The Cabinet has approved the proposal made by the Ministry of Power and Renewable Energy to convert the former LTTE stronghold in the north, Pooneryn by 2030 into a 6,000 hectare Renewable Energy Park generating 1,040 MW of power.
A feasibility study conducted by the Sri Lanka Sustainable Energy Authority (SLSEA)had identified Pooneryn, a village in the Kilinochchi District as the most economically, environmentally and socially viable location to set up the proposed hybrid renewable energy park which is expected to generate 240 MW of wind and 800 MW of solar power.
According to the Cabinet proposal, the project will be set up in three phases; 120MW solar power and 150MW wind power by 2022, further 100MW of wind and 100MW solar by 2025 and the balance by 2030.
The project also proposes to provide around 2000 indirect and direct employment within two years in one of the poorest districts in the country.
The SLSEA also plans to declare Pooneryn as a “Renewable Energy Development Area” as per the provisions under s. 12 of the Sri Lanka Sustainable Energy Authority Act.
The government has strongly focused on a policy of adding a considerable amount of electricity to the national grid through renewable energy sources and in order to fulfil this, recently established several such energy projects in Mannar, Siyambalanduwa, Chunnakam, Polonnaruwa and Batticaloa.

OSL TAKE:

Since the Energy Park proposal is yet to find an investor, the Ministry had proposed a competitive international bidding process to award the project to a suitable party.
Once built, the park is to be managed by the SLSEAand the Ceylon Electricity Board (CEB).
In addition, the project will also require necessary infrastructure developments in areas such as transmission lines, grid substation control rooms and access roads.
This ambitious project will not only be advantageous to interested energy companies, but the need for necessary infrastructure developments will open avenues for businesses operating in other sectors as well.
The government of Sri Lanka will follow through power projects such as these in order to avoid the looming energy crisis the country is likely to face by 2020 due to the increasing power consumption.

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Article Code : VBS/AT/31082017/Z_1

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