Sri Lankan steel fabrication and accessories manufacturer to construct tower lines and gantry structures
One of the leading manufacturer of steel fabrication and accessories used for power generation in Sri Lanka, transmission and distribution in Sri Lanka, St. Theresa Industries (STI) Holdings, has reportedly broken ground on the construction of the first of a series of tower lines and gantry structures spread across the island in a concerted attempt to improve the supply and reliability of electricity across the country.
This initiative is reportedly driven by the Sri Lanka’s Ministry of Power, Energy and Business Development, and operationally directed by the Ceylon Electricity Board.
STI Holdings is the appointed local representative for Chinese construction company, Qingdao Huijintong Power Equipment (HTJ) – the main contractor named in the deal.
According to local media reports, STI Holdings utilises state-of-the-art technology for the development of the network intended to improve Medium Voltage network efficiency and provide system capacity to help prepare for load growth across 12 districts in Sri Lanka. Funded by the Asian Development Bank (ADB), the project is expected to see the development of over 300 KM of 33 kV Double Circuit Tower lines and 13 two section, single bus bar gantries of 5MBA.
The project was inaugurated last month in Maho.
“The Electricity Reliability Improvement Project marks a significant milestone in the energy sector of our country. It will uplift the demand, distribution and reliability of electricity in all parts of Sri Lanka, aiding rural and suburban growth by further strengthening and solidifying the infrastructure required to do so. The project will also bolster the CEB’s ability to cater to not just domestic demand but industrial as well, and contribute indirectly to embolden and uplift the local economy, while also being considerate of preserving the environment in its pursuit of enabling equitable access to electricity across all parts of the island,” STI Holdings Group CEO Madushanka Fernando has been quoted as saying in the local media.
The Electricity Reliability Improvement Project directed by the CEB aims to improve the quality and reliability of electricity across all parts of the island, while also boosting its ability to serve both domestic and industrial demand. This contributes an additional 65 MBA distribution points to the country’s network, and does so in a noteworthy, eco-friendly manner.
Installation of the tower lines will take place in Puttalam, Keeriyankalliya, Mallawapitiya, Rathmalgoda, Maho, Maeliya, Wimalasurendra, Maskeliya, Ampara, Uhana, Kappalthurai, Irakkandy, Kumburupitiya, Tawalantenna, Kegalle, Badulla, Ella, Mahiyanganaya, Bibile, Rathnapura, Monaragala, Wellawaya, Warukandeniya, Morawaka, Elpitiya, Mattaka, Matara, and Yakabedda.
OSL take:
Sri Lanka’s economy is on the path to recovery after facing the negative impact of the global lockdown experienced due to the Covid 19 pandemic last year. While the country’s development programme has once again kick started its projects covering all key economic sectors in the country. Sri Lanka’s geographical positioning in the Indian Ocean and the many trade agreements as well as trade concessions enjoyed by the country have made it a business hub in the South Asian region. This has resulted in the expansion of business/investment opportunities in Sri Lanka. Foreign businesses/investors could therefore explore business/investment opportunities in Sri Lanka.
| Article Code : | VBS/AT/20210217/Z_2 |