Big Plans

Chief Regulatory Officer at CSE Renuke Wijayawardhane presenting the listing certificate to Executive Chairperson at Renuka Hotels Shibani Thambiayah

Oct 04, 2006 (LBO) – Sri Lanka will flag off two new power plants in Kerawalapitiya, at least one of them run to on liquefied natural gas. But the island is still looking down the barrel of power cuts over the next two years.

Sri Lanka’s energy demand is expected to grow at about eleven percent each year to keep pace with economic growth of eight percent, but in the short term, has no new power projects coming on board.

For that requirement, we have embarked on dual fuel based power plants, which we have also been planning for some time, P B Jayasundera, Sri Lanka’s treasury secretary told marketing professionals this week.

We have planned two power plants at Kerawalapitiya, one at a cost of 500 million dollars and another project with 300 million dollars and to back that, a terminal also in Kerawalapitiya.

The projects can run on thermal fuel as well, while the terminal, which will be an unloading and storage facility for LNG, is being built in parallel.

The terminal will be designed such that, once the project is commissioned in 2009 to provide power to the national grid, the country will also see about 600 megawatts fuel based power plants that can be converted into LNG based pow