The Cabinet of Ministers this week gave its nod to award the contract for the construction of 10MW wind power plant for the Trincomalee Grid Substation to Gnanam family-controlled Capital City Holdings (Pvt)Ltd.
The Minister of Energy Udaya Gammanpila presented the Cabinet memorandum on Monday to award the contract to purchase 10MW wind power capacity for a time period of 20 years for Trincomalee Grid Substation at the rate of Rs.14.52 per unit (14.52 LKR/Kwh) and to construct the power plant inter connectedly to the transmission network for Capital City Holdings
The Cabinet office said the proposal was based on the recommendations of the Cabinet-appointed Negotiating Committee appointed following the international competitive bids procedure.
S.R Gnanam serves as the Chairperson of Capital City Holdings and it also holds 3 percent stake in Tokyo Cement PLC.
The government plans to add 60 MW wind power to the electricity supply system through Trincomalee, Mannar, Bolawatta, Madampe and Kappalthure grid substations with a view to increase the usage of renewable energy sources.
The government plans to meet 70 percent of the country’s electricity demand using renewable energy sources by 2030.