Sri Lanka’s Mullikulam 100MW BOO wind farm gets strong investor interest
EconomyNext: A 100 MW wind farm project in Mullikulam in Sri Lanka’s Mannar district has got initial interest from around nine investors, Power and Energy Minister Kumara Jayakody said.
The Ceylon Electricity Board opened the Mullikulam site for private investors as 50 x 2 wind farms to be built on build operate own (BOO) terms with an initial closing date of June 12.
The deadline was then extended to July 09.
Most of the prospective bidders asked for more time at pre-bid meetings and the request was granted, Minister Jayakody said.
Mannar has one of the best wind systems in the country.
The CEB itself has built a wind farm which is showing around 40 percent plant factor.
The turbines are fitted with bird radar which tends to reduce the potential generation.
Sri Lanka’s Hayleys group was recently awarded a 50MW plant in Mannar for 4.65 US cents per unit.
OSL take:
Sri Lanka’s power industry, especially the renewable energy generation sector, has become a hotspot for business/investment opportunities. The country’s target of becoming a hub in the South Asian region, the increasing demand for power and the Sri Lankan government’s commitment to increase Sri Lanka’s renewable energy generation component in the total power mix have all contributed to the overall expansion in business/investment opportunities in the country’s renewable energy sector. The growth and profits recorded by local businesses in the renewable energy sector and the interest shown by leading foreign businesses in the sector to do business with Sri Lanka are further indicative of the growing business potential in Sri Lanka’s power industry, especially in the renewable energy generation sector. Given Sri Lanka’s overall growth momentum and the emergence as a business destination in the region, foreign businesses/investors could confidently explore the increasing business/investment opportunities in the country’s power industry, especially in the renewable energy generation sector. Foreign businesses could also look at further expanding operations in Sri Lanka through local collaborations.
| Article Code : | VBS/AT/20250620/Z_5 |