Sri Lanka eyes 1358MW of ground solar power plants
Economy Next: Sri Lanka is working on 1,358 MegaWatts of solar power plants, as part of efforts to reach 70 percent renewable energy by 2030, Power Minister Kumara Jayakody said.
Some of the plants are awarded and are expected to come on stream by end 2026, Minister Jayakody told parliament.
A 100 MW solar plant already awarded (to Winforce consortium) is expected to come on stream in 2026.
A 150MW and 100MW plants are proposed for Hambantota.
In Sampur in Trincomalee, the first 50 MW phase is expected to begin construction in April for completion in 2026. The project is part of a 120MW joint venture between NTPS or India and CEB.
In Valachchenai two 100 MW plants, 60 MW in Embilipitiya and 70 MW in Puttalam are planned.
Further land is being identified in Puttalam, Minister Jayakody said.
In Monaragala a 108MW group plant and 100MW in Kappalthure is planned.
The total comes to 1,358 MW.
OSL take:
The expanding economic activities in Sri Lanka have increased the demand for power and energy in the country. The increasing demand in Sri Lanka’s power industry is focused mainly on the renewable energy generation sector given the Sri Lankan government’s commitment to increasing the country’s sustainable energy components. The growth and profits recorded by local businesses engaged in the renewable energy generation sector in the country indicate the growth business potential in the sector. Many international businesses in the renewable energy field have also expressed interest in entering the sector after realizing the increasing business potential in Sri Lanka’s renewable energy sector. All these clearly indicate the lucrative nature of the renewable energy sector businesses in Sri Lanka given that thr country is on a steady growth path with the target of becoming a regional hub. Foreign businesses/investors could therefore confidently explore the growing business/investment opportunities in Sri Lanka’s renewable energy sector while also looking at expanding operations through local collaborations as well.
| Article Code : | VBS/AT/20250318/Z_4 |