by Dr Tilak Siyambalapitiya
A policy change in 1995 to allow private investments in electricity generation into the grid, a standard agreement and a standard price for electricity produced, enabled such investments to pick-up faster than in other countries. The first mini-hydro power project with entirely private sector funding and private ownership commenced operations in May 1996.
The agreement and the price
Dubbed the “most investor friendly agreement in the world”, Sri Lanka’s renewable energy developers were offered, since 1996, a non-negotiable 15-year agreement (20-years for projects signed after 2008). The agreement says, literally, “I will buy all your electricity produced for the next 15 years, any day any time; I will not penalize you for delays in your project or for not producing electricity at all or producing less electricity than you promised; I will not ask you to start or stop your power plant”. There is no other agreement in the business world 25
SIERRA CABLES HOSTS WEBINAR ON CABLE SELECTION AND APPLICATION dailynews.lk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailynews.lk Daily Mail and Mail on Sunday newspapers.
Panasian Power PLC (PAP), a dynamic Sri Lankan renewable energy
solutions organisation and a leading supplier of renewable energy to the
national grid recently commissioned a 3 MW ground solar plant in Matara, worth
a total investment of LKR 420 million.
Panasian Power is the equity investor and led all aspects of the
construction including in-house engineering, design, site acquisition,
acquiring permissions, simulation and procurement. Panasian Power also took the
lead in securing power purchase agreements (PPA) for the project.
PAP used the latest Trina bifacial solar panels, alongside the premier
most bankable inverter, Sungrow, for which they are the exclusive channel
Panasian Power PLC Commissions Solar Project Worth 420Mn
March, 1, 2021
Panasian Power PLC (PAP), a dynamic Sri Lankan renewable energy solutions organisation and a leading supplier of renewable energy to the national grid recently commissioned a 3 MW ground solar plant in Matara, worth a total investment of LKR 420 million.
Panasian Power is the equity investor and led all aspects of the construction including in-house engineering, design, site acquisition, acquiring permissions, simulation and procurement. Panasian Power also took the lead in securing power purchase agreements (PPA) for the project.
PAP used the latest Trina bifacial solar panels, alongside the premier most bankable inverter, Sungrow, for which they are the exclusive channel partners in Sri Lanka. Further, the balance of system used state-of-the-art aluminium structures to ensure the longevity of the project with screw piles reducing construction time.
erra Cables PLC hosted a free webinar, conducted by Dr. Asanka S. Rodrigo – former Director General Sri Lanka Sustainable Energy Authority - on the key factors driving cable selection and application in varying projects. The Visionary of this project, Mr. Harsha Jayatunga, CEO of Sierra Cables, pointed out that this was part of the CSR initiative of the