Sri Lanka’s Kerawalapitiya power plant to be converted to natural gas
The site work of the conversion of Sri Lanka’s Kerawalapitiya power plants, which operate on diesel and heavy fuel oil at the moment, to natural gas power plants, which was announced in the Budget 2021, is scheduled to commence this year once external barriers such as Covid-19 and other challenges minimise, The Sunday Morning has reported.
Sri Lanka’s state power utility, Ceylon Electricity Board (CEB) Chairman Eng. Vijitha Herath has told The Sunday Morning that the site work has not yet commenced, as there are several difficulties faced by the procurement of the project.
“We have already started the designing and the financial part of the project. Even though the groundwork is done, the work is yet to commence at the site. The pending work will start by this year as planned,” Herath has said.
Announcing the Budget 2021, Sri Lanka’s Prime Minister Mahinda Rajapaksa, who is also the Finance Minister, had said that to ensure the target set by the government of Sri Lanka, measures have to be taken in order to reduce the electricity cost of the consumers and businesses and to establish a competitive electricity supply in the region by 2023, by reducing expenditure on electricity generation.
OSL take:
Sri Lanka’s ever growing demand for power has resulted in a looming power crisis that the authorities are trying to bridge through sustainable energy generation solutions. This has made Sri Lanka’s power sector a hotspot for business/investment opportunities. The government of Sri Lanka has opened up many renewable energy generation projects as well as offer incentives to potential investors. Foreign businesses/investors could explore business/investment opportunities in Sri Lanka’s power sector, especially the renewable energy generation sector.
| Article Code : | VBS/AT/04062021/Z_2 |