- In collaboration with CEB, the project expects an investment of approx. Rs. 2 b
Vallibel Power Erathna PLC has signed a standardised power purchase agreement (SPPA) with the Ceylon Electricity Board (CEB) for the development of a 10 MW ground-mounted solar photovoltaic (PV) project at Dolahena Estate in Matara.
The agreement, finalised yesterday (11), will see Vallibel Power supplying electricity to Sri Lanka’s national grid for a period of 20 years.
The solar project is expected to attract an investment of approximately Rs. 2 billion and is anticipated to generate between 18 GWh to 20 GWh annually.
This initiative is part of Sri Lanka’s broader push towards renewable energy and aims to bolster the country’s sustainable energy production.