Sri Lanka signs contract with Sinopec to secure a
The signing of an agreement with Sinopec, a leading international petroleum company, ensuring a stable and continuous supply of fuel for Sri Lanka took place this morning (22) at the President''s Office. Secretary
China''s Sinopec signs contract agreements to enter
Later on April 26, a team of officials from Sinopec visited Sri Lanka in order to finalise the agreements and commencement of operations for retail fuel sales, and accordingly, the timeline, conditions of the relevant
Ormat signs seven-year tolls for two ERCOT BESS
IPP Ormat Technologies has signed seven-year tolling agreements with optimiser Equilibrium Energy for two BESS projects in the ERCOT, Texas market. The two companies have agreed the tolls for the
Sri Lanka Signs Petroleum Agreement with RM Parks Inc., in
June 9, 2023 [News 1st]- Sri Lanka signed an agreement with RM Parks Inc., in collaboration with Shell for a long-term contract for the importation, storage, distribution, & sale of petroleum
The India Factor in Sri Lanka''s Renewable Energy Sector
A recent India-Sri Lanka agreement for constructing renewable energy systems in three islands off the Jaffna coast reaffirms India''s domination of the sector. By Rathindra Kuruwita On March 1, the Sri Lanka Sustainable
China''s Sinopec signs contract agreements to enter
In a significant move to address Sri Lanka''s fuel supply challenges, a contract agreement was signed with Sinopec, a leading international petroleum company. The agreement, signed today (22), marks a
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Can Sri Lanka install a floating solar park in Singapore?
Floating PV park on Tengeh reservoir, Singapore. Image by: Trina Solar. The government of Sri Lanka has approved a power purchase agreement (PPA) with United Solar Group of Australia that will allow the Aussie company to install a 700-MW floating solar park with battery storage.
Which Indian energy projects are causing controversy in Sri Lanka?
While the National Thermal Power Corporation is implementing a solar energy project in the eastern town of Sampur, where India had previously hoped to build a controversial coal power plant, the Adani Group is setting up renewable energy projects in Mannar and Pooneryn in the north. Indian projects in Sri Lanka have often triggered controversy.
How much money will Sri Lanka invest in domestic projects?
The scheme was put forward in response to an Expressions of Interest from the Sri Lankan government for projects of above 50 MW. According to local media, around USD 500 million of the total investment will be allocated for domestic project components. (USD 1.0 = EUR 0.926)
Does Sri Lanka have a PPA deal?
The system will be coupled with a 1,500 MWh battery, but few other details of the storage system have been made public. Sri Lankan Power and Energy Minister Kanchana Wijesekera announced the news via his X (formerly Twitter) account on Tuesday. He said the PPA deal had been approved by the country’s cabinet.