Australian Company Gets USD 1.7 Billion Massive Solar Project In Sri Lanka
Date
12/12/2023 4:26:32 AM
(MENAFN- NewsIn) Dec 12 (NewsWire) – The Cabinet has granted approval to enter into a Power Purchase Agreement with United Solar Group of Australia for a Solar Power Project, Minister of Power and energy Kanchana Wijesekera announced today.
Taking to 'X', Minister Wijesekera said United Solar Group of Australia will invest in a 700 MW Solar Power Project with a 1500 MWh Battery Energy Storage System.
He further said that the Solar Power Project will be established with a Foreign Direct investment of USD 1,727 Million.
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Minister Wijesekera added that the Solar power project will be installed on the surface of the Poonakary Tank in the Kilinochchi District in the Northern province of Sri Lanka.
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