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Sri Lanka approves USD 100mn solar energy project to power state institutions

ECONOMYNEXT – Sri Lanka has greenlit a USD 100 million solar energy project to power state institutions , a government spokesman said.

Co-cabinet spokesman Minister Bandula Gunawardena said the renewable project will be funded with a USD 100 million loan provided by the Indian government.

The project expects to cover the electricity needs of hospitals, universities, schools, security forces headquarters and administrative offices, he said.

Sri Lanka’s cabinet of ministers has also decided to arrive at agreements to build a 300MW power plant in Puttalam in order to prevent a national power crisis in the future.

Gunawardena said that the main reason for the recurring power crisis in the island is due to the failure of the previous Yahapalana Government to commence the construction of even one major power generating project in the last five years.

Meanwhile, Power and Energy Minister Mahinda Amaraweera and the Ceylon Electricity Board (CEB) have been warned about a possible power crisis triggered by CEB unions including the engineers’ union, he added. (Colombo/Jun4/2020)

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