Sri Lanka’s turn to renewable energy production results in the setting up of 100MW wind farm

Sri Lanka’s turn to renewable energy production results in the setting up of 100MW wind farm

A report in the Modern Power systems website states that the Asian Development Bank (ADB) is to support the construction of a 100 MW wind farm in Sri Lanka with a US$ 200 million loan.
According to the report, the wind farm is to be located in the Mannar Island in the north of Sri Lanka.
Considered to be the country’s first wind farm, it is scheduled to commence operations in 2021.
The ADB is to provide the Ceylon Electricity Board (CEB) with a US$ 200 million loan for the US$ 256 million project, which will help the country to meet its renewable energy goals.
The project is also aimed at helping the CEB to establish procedures that will allow for further wind farm developments in the future, the report claimed.
ADB principal energy specialist Mukhtor Khamudkhanov has been quoted as saying: “The new wind power generation project will not only provide access to a clean and reliable power supply in Sri Lanka, but also create an environment for further wind power development through future public-private partnerships.
“Diversifying the country’s power generation through clean, renewable energy sources will improve the country’s energy security and environment.”
Sri Lanka generates around two-thirds of its electricity from coal and oil. It has a target of generating at least 20 per cent of its power from renewable resources by 2020.

OSL take:

The government of Sri Lanka is currently exploring renewable energy generation options and the proposed wind farm is one such project in the pipeline. Along with the looming energy crisis in the country, Sri Lanka’s energy sector is now a hub of opportunities for interested parties.

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Article Code : VBS/AT/10112017/Z_4

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