Sri Lanka to reach power purchase deal with Australia’s United Solar Group
Posted by Editor on December 12, 2023 - 11:37 am
![Solar panel](https://www.onlanka.com/wp-content/uploads/2023/12/solar-panel.jpg)
(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
- Sri Lanka’s security chiefs instructed to ensure safety during Presidential Election July 26, 2024
- Sri Lankan Prime Minister says President cannot appoint acting IGP July 26, 2024
- Bonds placed for Ranil Wickremesinghe to contest Sri Lanka’s Presidential Election July 26, 2024
- Sri Lanka announces 2024 Presidential Election date July 26, 2024
- 22% of Sri Lankan households in debt; 14.2% job losses from economic crisis July 25, 2024