Latest news with #CeylonElectricityBoard
Yahoo
14-04-2025
- Business
- Yahoo
CEB signs PPA for 350MW Sahasdhanavi CCPP in Sri Lanka
Sri Lanka's Ceylon Electricity Board (CEB) has signed a power purchase agreement (PPA) for the Sahasdhanavi power plant, a 350MW combined cycle power plant. The plant will boost Sri Lanka's renewable energy sector by providing reliable and affordable electricity, especially during the night-time and periods of low wind. Sahasdhanavi Limited will construct and manage the plant, with ownership passing to CEB after 25 years of operation. The construction of the power will commence in 2025, with electricity set to be delivered to the national grid within 30 months through open cycle operation. Full combined cycle operations will begin after a further 12 months. Operating on regasified liquefied natural gas (R-LNG), the power plant will provide flexible, on-demand power, balancing the variability in solar and wind energy generation. By 2028, Sahasdhanavi and similar plants will transition from diesel to R-LNG, reducing fuel costs by 50% and significantly lowering emissions. This transition will ensure essential grid reliability as Sri Lanka expands its solar and wind generation capacity. R-LNG serves as the key transition fuel as Sri Lanka moves towards a renewable-powered future. In December 2024, the government approved the establishment of Sri Lanka's LNG supply infrastructure, led by CEB and CPC. The project includes the development of a floating storage and regasification unit (FSRU), R-LNG pipelines and supply facilities to serve power plants and industrial consumers. This infrastructure will enable the conversion of existing oil-burning power plants to R-LNG, providing cleaner, cost-effective energy for industrial heating, such as in the glass, tiles and ceramics industries, reducing their heating costs by up to 40%. Transitioning to combined cycle operations using R-LNG, Sahasdhanavi will generate approximately 37 kilowatt hours (kWh) of electricity, allowing for lower tariffs for families, businesses and industries. CEB is implementing a suite of transformative projects to future-proof Sri Lanka's energy landscape: the Maha Oya pumped hydro project (600MW by 2032) for storing surplus renewable energy, battery energy storage systems for grid stability and renewable integration, and smart grid modernisation to improve reliability, efficiency and real-time control. These initiatives are designed to provide dependable, cost-effective and sustainable electricity for everyone, aiding Sri Lanka's shift from fossil fuels while maintaining grid stability. "CEB signs PPA for 350MW Sahasdhanavi CCPP in Sri Lanka" was originally created and published by Power Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
Zawya
07-04-2025
- Business
- Zawya
India, UAE to develop Sri Lanka energy hub as Delhi competes with China for influence
COLOMBO/NEW DELHI: India and the United Arab Emirates agreed to develop an energy hub in Sri Lanka, India's foreign ministry said on Saturday, as New Delhi's competition with China grows in the Indian Ocean island nation. The three nations signed the pact for the hub during Indian Prime Minister Narendra Modi's visit to Sri Lanka, the first by a global leader since Sri Lankan President Anura Kumara Dissanayake took office in September. New Delhi and Colombo have worked to deepen ties as India's southern neighbour recovers from a severe financial crisis triggered in 2022, during which India provided $4 billion in financial assistance. Saturday's agreement boosts New Delhi's competition with China, whose state energy firm Sinopec ( has signed a deal to build a $3.2-billion oil refinery in Sri Lanka's southern port city of Hambantota. The energy hub in the strategically important city of Trincomalee, a natural harbour in the Sri Lanka's east, will involve construction of a multi-product pipeline and may include using a World War Two tank farm partly held by the Sri Lankan subsidiary of Indian Oil Corp, Indian Foreign Secretary Vikram Misri told reporters in Colombo. "The UAE is a strategic partner for India in the energy space and therefore was an ideal partner for this exercise that is being done for the first time in the region," Misri said. "The exact contours of UAE's role will be elaborated once the business to business discussions kick off." The three nations will next choose business entities that will consider the financing and feasibility of projects for the hub, he said. Modi also inaugurated a $100 million solar power project, a joint venture between Ceylon Electricity Board and India's National Thermal Power Corp. India and Sri Lanka also concluded their debt restructuring process, Foreign Secretary Misri said. Sri Lanka owes about $1.36 billion in loans to EXIM Bank of India and State Bank of India, according to Sri Lanka Finance Ministry data. Colombo kicked off debt restructuring talks after it defaulted on its debt in May 2022, signing a preliminary deal with bilateral creditors Japan, India and China last June. India and Sri Lanka also signed pacts on power grid connectivity, digitalisation, security and healthcare. (Reporting by Uditha Jayasinghe in Colombo and Shivam Patel in New Delhi; Editing by William Mallard)
South China Morning Post
21-02-2025
- Politics
- South China Morning Post
Does Sri Lanka have an energy crisis? Blackout exposes weaknesses facing island's grid
Sri Lanka 's nationwide blackout this month has raised concerns about the country's ability to integrate renewable energy into its power grid, exposing vulnerabilities that experts say could deepen as climate conditions strain hydropower and investment in energy infrastructure stalls. Advertisement Sri Lanka experienced the mass outage on February 9 when a sub-power station was disrupted by the electrocution of a monkey. The Ceylon Electricity Board said the resulting nationwide failure stemmed from an 'imbalance between generation and demand' caused by high solar power input and 'low system inertia', leaving the grid 'vulnerable to faults'. The incident, and the subsequent scheduled power cuts needed to manage the demand until all the power stations could be reconnected to the grid, have raised fresh concerns about the country's energy security. Many Sri Lankans recall the crippling 13-hour-long blackouts of 2022 that helped spark anti-government protests and brought down former president Gotabaya Rajapaksa and ended his family's nearly 20 years in power. At the time, foreign currency woes, surging global coal prices and a reduction in hydropower during the dry season created a perfect storm that the government struggled to overcome. A man waits for customers at a dimmed footwear shop during a nationwide power outage in Galle, Sri Lanka, on February 9. Photo: AFP A new heat alert issued early this week has compounded concerns about Sri Lanka's ability to meet its electricity requirements. Dry spells deplete hydropower – which can supply as much as half of the nation's energy during rainy periods – forcing heavier reliance on thermal energy.
South China Morning Post
21-02-2025
- Business
- South China Morning Post
Blackout exposes Sri Lanka's precarious path to greater reliance on renewables
Published: 5:30pm, 21 Feb 2025 Sri Lanka 's nationwide blackout this month has raised concerns about the country's ability to integrate renewable energy into its power grid, exposing vulnerabilities that experts say could deepen as climate conditions strain hydropower and investment in energy infrastructure stalls. Sri Lanka experienced the mass outage on February 9 when a sub-power station was disrupted by the electrocution of a monkey. The Ceylon Electricity Board said the resulting nationwide failure stemmed from an 'imbalance between generation and demand' caused by high solar power input and 'low system inertia,' leaving the grid 'vulnerable to faults'. The incident, and the subsequent scheduled power cuts needed to manage the demand until all the power stations could be reconnected to the grid, have raised fresh concerns about the country's energy security. Many Sri Lankans recall the crippling 13-hour-long blackouts of 2022 that helped spark anti-government protests and brought down former president Gotabaya Rajapaksa and ended his family's nearly 20 years in power. At the time, foreign currency woes, surging global coal prices and a reduction in hydropower during the dry season created a perfect storm that the government struggled to overcome. A man waits for customers at a dimmed footwear shop during a nationwide power outage in Galle, Sri Lanka, on February 9. Photo: AFP A new heat alert issued early this week has compounded concerns about Sri Lanka's ability to meet its electricity requirements. Dry spells deplete hydropower – which can supply as much as half of the nation's energy during rainy periods – forcing heavier reliance on thermal energy.
CNN
14-02-2025
- Politics
- CNN
Monkey blamed for nationwide blackout as Sri Lanka scrambles to restore power
Sri Lanka extended power cuts for a third day on Thursday as it scrambled to restore its national grid to full capacity after a monkey triggered a widespread blackout over the weekend that disrupted supply to the island's 22 million people. An outage lasting six hours on Sunday was blamed by power minister, Kumara Jayakody, on a monkey that disrupted a grid station in a Colombo suburb. No power cuts were implemented on Wednesday, which was a holiday in Sri Lanka. The animal had come into contact with the transformer at the station, disrupting supply to the entire country. There were no immediate details on whether the monkey survived the incident. One-hour power cuts will be implemented from 6 p.m. (12:30 GMT), the island's state-run power monopoly, the Ceylon Electricity Board (CEB), said in a statement. Sunday's disruption also affected the island's only 900 MW coal fired power plant, causing it to operate in safe mode, the CEB said. 'All efforts are being made to restore the grid to full capacity but power cuts will be implemented to manage peak demand hours in the night,' the CEB statement added. Ninety-minute power cuts were implemented on Monday and Tuesday to manage demand. An investigation into the outage was being conducted by the energy ministry.
