Sri Lanka to commission two renewable power plants in the Jaffna peninsula
Sri Lanka is to commission two 10 MegaWatt renewable power plants later this month in the country’s Northern Jaffna peninsula following the completion of construction.
“We hope to connect the two 10MW plants to the national grid later this month,” Power Minister Mahinda Amaraweera has been quoted as telling the local media.
Ceylex Engineering, an affiliate of Sri Lanka’s LTL Holdings, had won a competitive bid to build the two wind power plants and sell power to the state owned – Ceylon Electricity Board (CEB) in 2017.
The plants are now up and running and going through pre-commissioning tests and trial runs, an official has been quoted as saying.
The LTL Group’s bid was for a competitive tender called by the CEB to purchase power at Rs. 12.50 rupees a unit.
OSL take:
Sri Lanka’s power and energy sector has become a hotspot for business/investment opportunities in the country. The growth and expansion of the country’s economy has resulted in an increase in demand for power in Sri Lanka. In fact experts have predicted a looming power crisis in the country in the event economic activities reach high capacities. Sri Lankan authorities are therefore looking at renewable energy generation options in order to ensure low generation costs as well. Being a tropical country, Sri Lanka has much potential for solar and wind power generation. Foreign businesses/investors exploring business/investment opportunities could therefore explore business/investment opportunities in Sri Lanka’s power and energy sector.
| Article Code : | VBS/AT/20200619/4 |