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Last Updated : 2024-05-13 05:43:00
19 March 2024 05:29 am - 0 - {{hitsCtrl.values.hits}}
Ceylon Energy Pte Ltd’s Founder/Chairman Madusanka Fernando, CEB Chairman N. S. Ilangakoon and Minister of Power & Energy Kanchana Wijesekera at the agreement signing
The Ministry of Power and Energy signed a Power Purchase Agreement (PPA) for the Project Apollo between Ceylon Energy Pte Ltd and the Ceylon Electricity Board recently. This agreement signals the beginning of a transformative project, the construction of a ground-mounted solar plant with a generating capacity of 10MW.
Ceylon Energy Pte Ltd’s Chairman, Madusanka Fernando, Gratian Muththukudaarachchi, General Manager, Cai Weifeng, Representatives from Quigdao Hujintong Power Equipment Co. Ltd., (HJT) China were present at the event.
This initiative represents Sri Lanka’s broader vision for a sustainable future. With a total investment nearing US$8 million, the project underscores the nation’s commitment to renewable energy and its ambition to achieve a remarkable 70 percent renewable energy target by 2030.
Embracing this potential also aligns with global sustainability goals serving as a catalyst for economic growth and energy security. Ceylon Energy’s dedication to renewable energy projects exemplifies a forward-thinking approach to national development. By investing in Project Apollo, they will be contributing significantly to the sustainable development process, ensuring access to low-cost electricity for all Sri Lankans.
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