Sri Lanka presses on with smaller projects as tender hopefuls drop out

July 16, 2019
Facebook
Twitter
LinkedIn
Reddit
Email
Source:

The Sri Lankan government’s 1MW project tender has awarded 76 of the 90 available slots but added that firms have been dropping out of the tender process for bigger awards.

The tender has been running since 2017 with final approvals for the scheme signed off in January 2018.

This article requires Premium SubscriptionBasic (FREE) Subscription

Try Premium for just $1

  • Full premium access for the first month at only $1
  • Converts to an annual rate after 30 days unless cancelled
  • Cancel anytime during the trial period

Premium Benefits

  • Expert industry analysis and interviews
  • Digital access to PV Tech Power journal
  • Exclusive event discounts

Or get the full Premium subscription right away

Or continue reading this article for free

In an update to parliament Ravi Karunanayake, the minister for power, energy and business development said larger investors had been withdrawing from the nation’s procurement process forcing the government to work harder to attract other funders.

“This action has blocked the attraction of many small scale investors. We are trying our best to encourage small or medium scale investors for these projects,” he was quoted as saying by the state news agency.

The minister also somewhat cryptically alluded to interference with plans for its rooftop solar programme stating that some companies were obstructing its progress.

Under the 1MW tender, the Ceylon Electricity Board (CEB) is offering 20-year power purchase agreements (PPAs) with winners developing on a build, own, operate (BOO) basis.

25 November 2025
Warsaw, Poland
Large Scale Solar Central and Eastern Europe continues to be the place to leverage a network that has been made over more than 10 years, to build critical partnerships to develop solar projects throughout the region.

Read Next

October 28, 2025
GreenYellow plans to invest US$116 million in Poland over the next three years to expand its installed capacity and customer base.
Premium
October 28, 2025
BESS are 'the new player that everyone is talking about,' in Europe’s power purchase agreement (PPA) space, according to LevelTen.
October 28, 2025
GoldenPeaks Capital secures EUR114 million (US$132 million) financing package for two solar PV Portfolio in Poland.
October 28, 2025
Chinese solar inverter producer GoodWe has launched a new “low noise, low weight” string inverter for the European corporate & industrial solar market.
October 28, 2025
Fotowatio Renewable Ventures (FRV) Australia has announced the development of a 210MWdc solar project in New Zealand's Rangitikei District.
October 27, 2025
Engie has signed additional PPAs with Meta, expanding their partnership to more than 1.3GW across four solar projects in Texas.

Subscribe to Newsletter

Upcoming Events

Upcoming Webinars
November 12, 2025
10am PST / 1pm EST
Solar Media Events
November 25, 2025
Warsaw, Poland
Solar Media Events
December 2, 2025
Málaga, Spain
Solar Media Events
February 3, 2026
London, UK
Solar Media Events
March 10, 2026
Frankfurt, Germany