Development of Sapugaskanda Petroleum Refinery
The Government of Sri Lanka (GoSL) has devised a strategic plan to modernize and expand the refinery on BOT Basis, with the goal of increasing its production capacity to 100,000 barrels per day. This ambitious initiative will be supported through the selection of a Strategic Investment Partner via an Expression of Interest (EOI) process. As part of this restructuring, the refinery will be established as a standalone, government-owned entity, allowing for enhanced operational efficiency and greater investment potential.
This project offers an exceptional opportunity for investors to become key partners in the upgrade and expansion of Sri Lanka’s only oil refinery. By participating, investors will help ensure the country’s long-term energy security, reduce reliance on costly imports, and contribute to the nation’s sustainable economic growth. The Total Capital Investment is estimated at USD 2.766 billion for the Sapugaskanda Oil Refinery’s expansion and modernization. Net Present Value (NPV) is USD 1.504 billion at a 10% discount rate, demonstrating its strong financial viability. Investors who seize this opportunity will play a pivotal role in transforming Sri Lanka’s energy sector while reaping substantial financial rewards.
| LOCATION : | Sri Lanka |
| SECTOR : | Energy |
| PROJECT VALUE : | USD 2.7 Billion |
| EXPECTED INVESTMENT : | Contact OSL |
| INVESTMENT TYPE : | Contact OSL |
| RETURN ON INVESTMENT : | Contact OSL |
| INTERNAL RATE OF RETURN : | NA |
| ACCOUNTING RATE OF RETURN : | NA |
| OPPORTUNITY CODE : | VBS/OP/20250227/X_4 |