Indian company wins deal to improve and build a grid substation for Sri Lanka’s state owned CEB
ABB India Limited has reportedly been selected to improve and build a grid substation for Sri Lanka’s state owned Ceylon Electricity Board (CEB), which is expected to cost several millions of Sri Lankan rupees.
The Government Information Department has issued a statement noting that the substation will be built in Biyagama, which is a large industrial zone in Sri Lanka’s Western Province,
The Cabinet of Ministers had reportedly granted approval last month to the awarding of the contract to ABB India Limited.
OSL take:
The latest project in Sri Lanka’s power and energy sector that has been awarded to an Indian company indicates the growing investment opportunities in the country’s power sector. With a looming power crisis, Sri Lanka is open for investments in the power and energy sector.
| Article Code : | VBS/AT/02052018/Z_3 |