India and Sri Lanka have agreed to jointly build a 135 MW solar power plant in Sri Lanka’s eastern port of Trincomalee. The Sri Lankan Cabinet has given approval for the project as the country aims to generate 70 per cent of its electricity from renewable energy sources by 2030.
The Sri Lanka Cabinet said in a statement: “The National Thermal Power Corporation of India and the Ceylon Electricity Board have entered into an agreement to jointly implement a solar power project in two stages. The first stage of the project will implement 50 MW with a total investment of $42.5 million and to construct a 220 kV 40 km transmission line from Sampoor to Kappalthure at a cost of $23.6 million. This stage is scheduled to be complete in 2024 or 2025.
“The second stage will consist of 85 MW at a total investment of $72 million.”