Sri Lanka CEB tenders for BESS for grid augmentation with ADB funds
EconomyNext: Sri Lanka’s state-run Ceylon Electricity Board, had tendered for 100MW/100MWh battery energy systems (BESS), to upgrade its grid to accommodate more intermittent renewables.
The BESS facilities will be paid for by an Asian Development Bank credit.
The ADB had previously given a 150 million dollar credit to augment the grid to accommodate more renewable power.
The battery systems will be set up at the Kolonnawa grid substation.
The CEB floated tenders of 100MW/100MW with grid augmentation.
Since renewable power – other than large hydros – are intermittent, large investments have to be made in the grid, outside of visible costs of solar or wind plants to stop cascading failures in the grid from voltage changes.
Battery systems can respond very fast to changes in demand or supply.
The CEB has separately called bids for 160MW/640MWh BESS as a private build own operate project on a 15-year concession.
The CEB is also planning a pump storage plant, which has a long-life running decades at a time like large hydros which can store power across time by pumping water up in two dams in a cascade.
OSL take:
While Sri Lanka’s expanding economy and the ongoing development programme have presented a host of business/investment opportunities in key economic sectors in the country. One of the key economic sectors that has now become a hotspot for business/investment opportunities is Sri Lanka’s power industry, especially in the renewable energy generation sector. With Sri Lanka on the path to becoming a regional hub and the country’s commitment to increase Sri Lanka’s renewable energy generation capacity to 70% of the total energy mix, have expanded the business/investment opportunities in the renewable energy generation sector. The increasing business potential in Sri Lanka’s renewable energy generation sector is evident by the increasing growth as well as profits recorded by businesses already engaged in the sector and the increasing interest shown by foreign renewable energy businesses to explore/enter Sri Lanka’s renewable energy sector. Other foreign businesses/investors could therefore explore the expanding business/investment opportunities in Sri Lanka’s renewable energy generation sector while also looking at expanding operations through local collaborations.
| Article Code : | VBS/AT/20251009/Z_4 |