Sri Lanka to reach power purchase deal with Australia’s United Solar Group
Posted by Editor on December 12, 2023 - 11:37 am
(Photo credit: Pixabay)
Sri Lanka Government has granted approval for a proposal seeking to enter into a Power Purchase Agreement with United Solar Group in Australia.
Taking to X (formerly Twitter), Power & Energy Minister Kanchana Wijesekera said through this deal, an investment would be made in a 700 MW Solar Power Project with a 1,500 MW of Battery Energy Storage System.
“The Solar power project will be installed on the surface of the Poonakary Tank in the Kilinochchi District, with a Foreign Direct Investment of USD 1,727 Million,” Minister Wijesekera added.
Latest Headlines in Sri Lanka
- Moody’s upgrades Sri Lanka’s credit rating after $12.55 billion debt restructuring December 23, 2024
- Daylight shooting in Koskandawala leaves man injured December 23, 2024
- Sri Lanka withdraws Tri-Forces from former Presidents’ security effective today December 23, 2024
- Sri Lanka launches nationwide traffic operation today December 23, 2024
- Sri Lanka PM and ADB Country Director focus on education development December 22, 2024
