Two mini hydro plants in Nuwara Eliya by Panasian Power
To meet the local demand for clean, low cost energy, Panasian Power has bought over Lower Kotmale-Oya Power Two (Pvt) Ltd to construct two mini hydro-power plants in the Nuwara Eliya district by early 2018 in order to cement its long-term goal of increasing its renewable energy footprint.
With an estimated investment of LKR 400 million and combined annual output of 7.53 GWh, the project is not expected to exceed its 12-month trajectory due to convenient accessibility, short structural length and minimal environmental impact.
In accordance with the Small Power Purchase Agreement (SPPA) signed in July 2004, Panasian Power directly supplies electricity to the Ceylon Electricity Board for a stipulated 15 years with the possibility of a 5-year extension.
OSL Take:
Seeking renewable sources of energy will help Sri Lanka become energy sufficient.
In addition with the possibility of the US moving away from renewable energy harnessing, Sri Lanka can attract US renewable energy operators to invest here, thereby creating a thriving renewable energy market.
| Article Code : | VBS/AT/23082017/Z_5 |