ECONOMYNEXT – Sri Lanka's state-run Ceylon Electricity Board said it has begun seeking funds to build a 600 MegaWatt pumped storage plant to integrate solar and wind energy and maintain grid stability. The CEB wanted to tap multilateral lenders to reduce electricity sales prices.
ECONOMYNEXT – Sri Lanka's state-run Ceylon Electricity Board said it has begun seeking funds to build a 600 MegaWatt pumped storage plant to integrate solar and wind energy and maintain grid stability. The CEB wanted to tap multilateral lenders to reduce electricity sales prices.
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The auction, to take place in June 2025, will include 300MW energy capacity purchase that could drive an estimated $450m in investments from winning bidders, according to consultants Oliver Wyman.
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