Govt to reach a Power Purchase Agreement with Australia’s United Solar Group
Colombo (LNW): The government is committed to accelerating the transition to renewable energy, and accordingly, Cabinet approval was granted to enter in to a Power Purchase Agreement with United Solar Group of Australia, disclosed Power and Energy Minister Kanchana Wijesekara.
The Minister underscored the ongoing effects to prioritise renewable energy solutions in Sri Lanka’s power and energy sector.
“The Solar power project will be installed on the surface of the Poonakary Tank in the Killinochi District, with a Foreign Direct Investment of USD 1,727 Million,” Wijesekara wrote on his X account.
“Cabinet approval was granted yesterday to enter in to a Power Purchase Agreement with United Solar Group of Australia to invest in a 700 MW Solar Power Project with a 1500 MWh of Battery Energy Storage System,” he added.