Sri Lanka to launch 100KW solar power generation programme with private sector investments
The Sri Lankan government is to implement an island wide 100KW solar power generation programme to connect distribution to transformers utilising private sector investments, local media reports stated.
The Cabinet of Ministers has reportedly granted approval to a proposal presented by Sri Lanka’s Power Minister Dullas Alahapperuma to expand the use of renewable energy in the country by encouraging smaller companies to invest in the project.
The project is expected to generate renewable electricity by connecting ground-mounted solar power plants for 7,000 power distribution transformers owned by the state owned power utility, the Ceylon Electricity Board (CEB) and Lanka Electricity Company.
“Under this programme one solar power project will be implemented for each identified transformer. Investors will be selected on a competitive bidding basis from individuals and companies registered in the relevant divisional secretariat,” Cabinet Co-Spokesperson and Sri Lanka’s Energy Minister Udaya Gammanpila has told the media.
The investment for the construction of one solar power plant has been estimated to be around Rs. 12 million and the relevant solar power system should be installed on a 40 perch land located near the transformer.
The Cabinet has reportedly approved the implementation of the project within 18 months as an accelerated project.
Sri Lankan authorities are focused on developing the country’s power sector to address the impending power crisis. Sri Lanka is also looking at increasing its renewable energy generation capacity. The Sri Lankan President has called for 80% renewable energy generation in the country’s power mix. All this has increased the country’s power sector creating new business/investment opportunities in the sector.
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