Chinese Power Company wins deal to build transmission line for Sri Lanka’s state owned power utility
The Government Information Department of Sri Lanka has stated that China’s Qingdao Huijington Power Equipment Company Ltd has won a deal to build a 33KiloWatt transmission line for Sri Lanka’s state-run Ceylon Electricity Board (CEB).
The Information Department has noted that the deal is part of a US$ 115 million grid improvement project funded by the Asian Development Bank (ADB).
The country’s Cabinet of Ministers had approved a proposal presented by Sri Lanka’s Power Minister Ravi Karunanayake to award the construction contract to the Chinese firm.
Accordingly, the company is to build pillars and gantries for the 33kW transmission lines as part of package 4 of the ADB-funded project.
OSL take:
The government of Sri Lanka is currently in the process of addressing a power crisis looming over the country. While resorting to emergency power purchasing to address the crisis in the short term, the authorities are looking at solutions to address the issue in the mid to long term as well. Therefore, there are many project/business opportunities in Sri Lanka’s power and energy sector. Foreign businesses/investors could explore potential business/investment opportunities in the country’s power sector.
| Article Code : | VBS/AT/17042019/Z_3 |