As the island nation strives to meet 70% of its electricity needs from renewable sources by 2030, Sri Lanka will sign a memorandum of understanding (MoU) with India to promote renewable energy. The Indian government has declared a desire to strengthen the market for renewable energy by promoting and enabling the use of biomass, solar, and wind energy for power generation.
In accordance with bilateral agreements, India would also continuously transmit infrastructure throughout the island, including the northern and eastern regions, in partnership with private and public sector business owners in India and Sri Lanka.
The first stage of this project is anticipated to implement a 50 megawatt solar power project with a total estimated investment of $42.5 million and to build a 220 kilowatt transmission line with a length of 40 km from Sampoor to Kappalthure in the Eastern province for $23.6 million. It is anticipated that this stage will be completed in two years, from 2024 to 2025. At stage 2 of this project, a solar power generation facility with an additional 85 megawatts is anticipated to be built for a total investment of $72 million.
To distribute the power produced under the aforementioned stage 02, it is intended to build a 76 km transmission line from Kappalthure to New Habarana in the North Central province. This project is expected to cost $42 million.
The two nations must investigate alternative energy sources and learn about more modern molecules like compressed biogas, green hydrogen, and ammonia.