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FINANCIAL CHRONICLE™ » DAILY CHRONICLE™ » Sri Lanka Doubles Wind Power Capacity With Three New Farms

Sri Lanka Doubles Wind Power Capacity With Three New Farms

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Redbulls

Redbulls
Director - Equity Analytics
Director - Equity Analytics
By Natalie Obiko Pearson - Aug 14, 2012 2:54 AM GMT

Sri Lanka has doubled its wind power generation capacity with the addition of three new parks, according to the Power and Energy Ministry.

Three farms of 10 megawatts each were connected to the grid last week, ministry spokesman Dhanushka Ramanayaka said by phone from Colombo. Sri Lanka’s total power generation capacity is 3,120 megawatts.

The plants, located in Puttalam district in northwestern Kaplitiya, were built at a cost of 7.2 billion rupees ($54.6 million) and will sell their power to the state-run Sri Lanka Electricity Board.

Sri Lanka has set a target of getting 20 percent of its power from renewable sources by 2020, including 400 megawatts of wind capacity. It plans to add another 10 megawatts of wind by the end of the year.

The project owners are Daily Life Renewable Pvt., Nirmalapura Wind Power Pvt. and PowerGen Lanka Pvt., Ramanayaka said. PowerGen was formerly owned by India’s Orient Green Power Co. (OGPL), which sold its Sri Lanka unit last month to Colombo-based Windforce Pvt., according to a July 26 company filing.

To contact the reporter on this story: Natalie Obiko Pearson in Mumbai at npearson7@bloomberg.net
To contact the editor responsible for this story: Reed Landberg at landberg@bloomberg.net
http://www.bloomberg.com/news/2012-08-14/sri-lanka-doubles-wind-power-capacity-with-three-new-farms.html?

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