The Ceylon Electricity Board (CEB) has announced the signing of a power purchase agreement for the 'Sahasdhanavi' power plant.
In a statement, the CEB noted that the construction, ownership, and operation of the power plant will be undertaken by Sahasdhanavi Limited. After 25 years, ownership of the plant will be transferred to the CEB.
The project aims to provide reliable and affordable electricity to residential and commercial consumers in Sri Lanka.
The Public Utilities Commission has approved the construction of the 350 MW Sahasdhanavi combined cycle power plant, which will be expedited.
The CEB stated that the plant will initially supply electricity to the national grid through open cycle operations within 30 months.
Subsequently, it will commence full combined cycle operations within an additional 12 months.
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