Sri Lanka plans investment
The Ceylon Electricity Board (CEB) has said that it will invest Rs175bn ($2.44bn) over the next seven years to expand its power generation facilities and improve its transmission grid. The investment will help the country to keep pace with demand for power, which has been increasing at a rate of eight to ten per cent in the last decade.
Demand for power is expected to continue increasing at around eight per cent per year due to the connection of new customers to the grid and rising demand from existing consumers. A CEB spokesman said that up to 160 000 new customers are being connected to the grid every year.
The Japanese OECF is supporting two generation projects, the 150 MW Kelanitissa combined cycle power plant at Sapugaskanda and a 300 MW coal fired plant at Kalpitiya. Other thermal and hydropower plants are in the planning stages.