It has been announced that two bidders have filed objections over the awarding the tender to Lakdanavi Ltd, a subsidiary of LTL Holdings (Pvt) Ltd. which will lead the construction of Kerawalapitiya 300MW Liquefied Natural Gas (LNG) power plant to experience further delays.
Energy Finance & Investment News in Sri Lanka
The Asian Development Bank (ADB) committed to issue a loan with sovereign guarantee for US$200 million to Ceylon Electricity Board (CEB) for the development of a 100 MW wind project on Mannar Island, Sri Lanka.
Sri Lanka’s Ceylon Electricity Board (CEB), has issued a Request for Proposals (RfP) for the construction of a 10-MW solar project in Batticaloa district.
Sri Lanka’s Cabinet of Ministers has given the go-ahead for the development of a a 1040 MW hybrid wind and solar energy park in Pooneryn in the battle-scarred Northern Province.
Sri Lanka’s government is to launch a tender process to develop a 100 MW floating solar power plant in the Maduru Oya reservoir.
Sojitz Corporation has acquired 90% equity interest in AES Kelanitissa Private Limited from The AES Corporation, a major US power company, through one of their subsidiaries.
Trincomalee Power Company Limited (TPCL) has launched a request for expression of interest (RFEOI) to hire a financial advisor for arranging funding for 2x250 MW Coal Based Thermal Power project in Sri Lanka.
Hemas Holdings PLC has announced that it has entered into an agreement to sell its shareholding in Hemas Power PLC to a consortium of buyers, consisting of NDB Capital Holdings PLC, ACL Cables PLC and Trydan Partners Private Ltd.