Sri Lanka’s Power and Energy Ministry approves setting up of solar and wind power plants
The Cabinet of Ministers appointed by Sri Lanka’s President Maithripala Sirisena has granted approval to the Power and Energy Ministry this week to construct 150 Mw solar and 60 Mw of wind power plants.
The proposal to initiate the procurement process to construct the plants as per the Sri Lanka Electricity Generation Plan was presented to the meeting chaired by President Sirisena this week, the local media reported.
According to the proposal, as per the country’s electricity generation plan, one-third of the entire necessity is to be generated by non-traditional and alternative renewable energy sources by 2030.
The new additions are set to be connected to the grid by 2020, under the 2018-2037 Long-Term Generation Expansion Plan prepared by the Electricity Board, the proposal has stated.
OSL take:
The move by the Sri Lankan government to push for the setting up of solar and wind power plants is in line with the government’s policy of opting for renewable energy options as opposed to the fossil fuel generated power that is being used at present. Sri Lanka’s power and energy sector is currently engaged in expanding its existing generation capacity in order to meet the growing electricity demand. Therefore, foreign businesses could explore the investment opportunities in Sri Lanka’s power and energy sector.
| Article Code : | VBS/AT/20181130/Z_1 |