A Power Purchase Agreement (PPA) for the construction of a ground-mounted solar plant with a generating capacity of 10MW – Project Apollo – will be signed between Ceylon Energy Pte Ltd and the Ceylon Electricity Board.
This agreement signals the beginning of a transformative journey of achieveing renewable energy targets.
Ceylon Energy Chairman, Madusanka Fernando, General Manager, Gratian Muththukudaarachchi, Representatives from Quigdao Hujintong Power Equipment Co. Ltd., (HJT) China, Cai Weifeng, the equity partner of the project, will also be present.
This endeavour mirrors Sri Lanka’s broader vision for a sustainable future. With a total investment nearing 8 million USD, this project underscores the nation’s commitment to renewable energy and its ambition to achieve a remarkable 70% renewable energy target by 2030.
The importance of such projects cannot be overstated, particularly in the context of Sri Lanka’s energy landscape. As a nation rich in natural resources, including ample sunlight, Sri Lanka possesses immense potential for solar energy utilisation.
Embracing this potential not only aligns with global sustainability goals but also serves 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 initiatives such as Project Apollo (10MW ground-mounted solar plant), they contribute significantly to the sustainable development process, ensuring access to low-cost electricity for all Sri Lankans.
