Sri Lanka’s Hayleys Fentons, India’s JSL wins bid to build Mannar power line
EconomyNext: Sri Lanka’s cabinet had approved awarding a tender for building a power transmission line from Mannar to Mullikulam to JSL & Fentons Joint Venture – Intend (Jyoti Structure Limited, India and Hayleys Fentons Limited, Sri Lanka), for 2,269.18 million rupees (excluding tax) minister Nalinda Jayatissa said.
“They were selected as a contractor for the construction of a 28 km long 220 kV double circuit transmission line from Mannar grid substation to Mullikulam grid Substation under the Mullikulam Wind Power Transmission Project,” he told reporters.
5 bids were submitted, he said, and the company was selected as the lowest responsive bidder.
Hayleys Fentons was previously awarded a 50-megawatt wind project in Mannar, one of three approved by the government before it said no more would be awarded in the region due to public protests.
OSL take:
Sri Lanka’s power industry, especially the renewable energy sector, has become a fast-growing industry in the country to meet the increasing demand while also ensuring the increase in sustainable power generation sources. With an expanding economy and the positioning of the country as an emerging business destination in the region, Sri Lanka’s power industry has become a hotspot for business/investment opportunities. The Sri Lankan government’s commitment to increase the renewable energy generation component and the tropical weather in the country with sunshine throughout the year as well as strong winds in many parts of the country, the renewable energy generation sector has presented many lucrative ventures. The growth and profits recorded by businesses already engaged in the sector and the increasing interest among foreign businesses/investors to explore expanding opportunities in Sri Lanka’s renewable energy generation sector as well as sectors connected to it, indicate the growing business potential in the sector. Foreign businesses/investors could therefore explore the expanding business/investment opportunities in Sri Lanka’s renewable energy generation sector while also looking at entering the sector through local collaborations.
| Article Code : | VBS/AT/20260320/Z_1 |