Sri Lankan government with Canadian agencies to set up 100MW floating solar power plant on reservoir
The government of Sri Lanka has reportedly announced that steps are underway to set up a 100 MegaWatt floating solar power plant on a reservoir as a joint venture between state agencies and Canada.
The solar farm will be built on Maduru Oya Reservoir in the Mahaweli river valley, Sri Lanka’s Government Information Department has stated.
State operated Ceylon Electricity Board (CEB), Mahaweli Authority and the Sustainable Energy Authority expects to jointly build the solar farm with assistance from the Canadian Solar Institute.
The Cabinet of Ministers in Sri Lanka had approved the proposal by Sri Lanka’s President Maithripala Sirisena and Power Minister Ravi Karunanayake to set up a negotiation committee to take the project forward.
OSL take:
Sri Lanka is looming towards a power crisis in 2020 and the government of Sri Lanka is currently engaged in trying to find sustainable solutions to address the issue. The focus of the authorities has turned towards sustainable energy generation with solar and wind power generation being given attention. Therefore, foreign businesses/investors could explore business/investment opportunities in Sri Lanka’s.
| Article Code : | VBS/AT/25032019/Z_1 |