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Australian Company Gets USD 1.7 Billion Massive Solar Project In Sri Lanka
(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.
ADVERTISEMENTMinister 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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