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COLOMBO (News 1st):As a key step towards achieving the target of fulfilling 70% of the country’s electricity demand from renewable energy by 2030, construction work on the Siyambalanduwa “Rividanavi” Solar Power Park, Sri Lanka’s largest renewable energy project, commenced this morning (06) under the patronage of President Anura Kumara Dissanayake.
This project, which will add 100 MW of capacity to the national electricity grid, involves an investment of USD 140 million.
The project, being built on a land area of approximately 500 acres in the Kotiyagala Grama Niladhari Division of the Siyambalanduwa Divisional Secretariat in the Monaragala District, is the first project for which the Sustainable Energy Authority has provided the project site, access roads and all relevant approvals to the investor.
Through this project, the country will be able to save foreign exchange worth Rs. 21 billion annually.
This will be the first power project in the country where the investor builds the transmission system.