Sri Lanka awards contract to build 10 MW wind power plant in Mannar - Opportunity Sri Lanka
Sri Lanka awards contract to build 10 MW wind power plant in Mannar

Sri Lanka awards contract to build 10 MW wind power plant in Mannar

The government of Sri Lanka has reportedly awarded a contract for the construction of a 10 MW wind power plant in Mannar and to supply electricity via the area grid station to WindForce Group.
According to reports, the awarding to WindForce subsidiary Hiruras Power Ltd. for 20 years is based on international competitive bids received.
The move is part of the Sri Lankan government’s plans to add 60 MW wind power capacity to five grid substations at Trincomalee, Mannar, Madampe, Bolawatta and Kappalthurai, the Daily FT has reported.
WindForce intends to commence construction towards the end of 2021 and complete the project by end 2022 and this project along with another 4 MW plant is expected to increase the installed capacity of WindForce’s wind energy portfolio to 84.2MW.

OSL take:

Sri Lanka is committed to achieving the target of 70% renewable energy generation in the local power mix. The island is also facing a looming power crisis due to the continuously increasing demand for power. However, authorities are keen on meeting this target through renewable energy generation sources. Sri Lanka is fast becoming a business hub in the South Asian region given it’s geographical positioning in the Indian ocean and the many trade agreements as well as trade concessions enjoyed by the country. Foreign businesses/investors should therefore explore business/investment opportunities in Sri Lanka’s power sector.

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Article Code : VBS/AT/20210618/Z_4

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