Petronet LNG signs MoU with Sri Lankan govt to build power plant

The Sri Lankan government and Petronet LNG have signed an agreement to develop infrastructure for the storage, re-gasification, and supply of LNG for a combined cycle power plant in the island nation.

The memorandum of understanding (MoU) was signed between Sri Lanka's LTL Holdings Limited and India's Petronet LNG Limited for the infrastructure development of the Sobadhanavi Combined Cycle Power Plant at Kerawalapitiya, north Colombo.

The Sri Lankan Minister of Power and Energy, Kanchana Wijesekera, and the Deputy High Commissioner of India, Satyanjal Pandey, signed the MoU at a ceremony.

 

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He said the initiative will "reduce the cost of energy from thermal power generation to the consumer from 2026, contribute towards the clean energy transformation, stabilize the grid for renewable energy integration, create a domestic market for LNG, facilitate LNG bunkering in the future & domestic other LNG requirements."

"MOU between LTL Holdings Ltd Sri Lanka & Petro Net LNG of India aims to invest in development and implement the 18-month program from the signing of the MOU to facilitate the LNG requirements through ISO container from Petro Net LNG Kochi Terminal to Port of Colombo and Kerawalapitiya to 1000 MWs of LNG power plants," he said.

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