Sri Lanka to call investors for 100MW solar IPP
ECONOMYNEXT – Sri Lanka will call international bids from private investors for a 100 MegaWatt solar farm to be built in Siyambalanduwa, Moneragala, which will be connected to the national grid, the state information office said.
Environmental and financial feasibility of the project had already been conducted with support from the Asian Development Bank.
It has been concluded that a single 100 MW plant would allow power to be purchased at the lowest cost, unlike earlier wind plants involving 10 MW.
The cabinet of ministers had approved calling international competitive bids for the power project from private investors.
Sri Lanka’s CEB has been increasing its share of renewable power but has been pushing for competitive bidding to keep costs down.
State-run Ceylon Electricity Board, which runs the national grid will build transmission line from Ampara to Medagama to take the power.
The Cabinet also approved a proposal by the Minister of Power for CEB to start procurement process for the transmission line.
In December the CEB commissioned a 103MW wind farm it built with ADB financing. (Colombo/Dec10/2020)