NTPC-CEB JV Secures Tariff Deal For Sri Lanka’s Largest Solar PV Project

Representational image. Credit: Canva

NTPC Limited and the Ceylon Electricity Board (CEB) have partnered to develop a solar project in Sampoor, Trincomalee, Sri Lanka, through their joint venture, Trincomalee Power Company Limited (TPCL). This 50 MW solar plant, expandable to 120 MW, has reached a significant milestone with the finalization of its tariff after discussions with various stakeholders in Sri Lanka. Sri Lanka’s President, Mr. Anura Kumara Dissanayake, recently announced that the approved tariff for the Sampoor Solar Project is set at 5.97 US cents per unit.

This project is a key step in diversifying Sri Lanka’s energy mix, boosting clean energy capacity, and reducing dependence on fossil fuels. The agreed tariff ensures long-term energy security and supports Sri Lanka’s renewable energy targets. As a flagship renewable energy initiative, the Sampoor Solar Project highlights the country’s commitment to a greener future. NTPC Limited continues to expand its global footprint in renewable energy, focusing on solar, wind, and hybrid projects. The Sampoor project aligns with NTPC’s vision of becoming a leading global power company and its mission to promote sustainable energy solutions worldwide.

 

  • Related Posts

    Swelect Secures Over 150 MW of Solar Module and Raises ₹290 Crores to Power Expansion

    SWELECT Energy Systems Ltd., a prominent player in India’s renewable energy sector, continues to strengthen its position with major developments in its solar business. The company has secured orders over 150…

    JinkoSolar Once Again Achieves AAA Rating in PV Tech Q4 2024 Bankability Report, Leading Global PV Innovation

    JinkoSolar, the global leading PV and ESS supplier, recently has once again achieved the highest AAA rating in the Q4 2024 Module Tech Bankability Ratings Report released by PV Tech.…

    Have You Seen?

    US Crude Inventories Rise, Fuel Draws Down Amid Ongoing Maintenance, EIA Says

    • March 12, 2025
    US Crude Inventories Rise, Fuel Draws Down Amid Ongoing Maintenance, EIA Says

    Exxon to Raise Output to 5.4 mln boepd by 2030 From 4.3 mln, Exec Says

    • March 12, 2025
    Exxon to Raise Output to 5.4 mln boepd by 2030 From 4.3 mln, Exec Says

    Big Tech Backs Tripling of Global Nuclear Power Capacity by 2050

    • March 12, 2025
    Big Tech Backs Tripling of Global Nuclear Power Capacity by 2050

    India’s Oil Imports From Russia Rebound After Initial Sanctions Chaos

    • March 12, 2025
    India’s Oil Imports From Russia Rebound After Initial Sanctions Chaos

    Ukraine Could Import Large Volumes of U.S. LNG

    • March 12, 2025
    Ukraine Could Import Large Volumes of U.S. LNG

    CERAWEEK ‘Make Energy Great Again’ says UAE’s ADNOC CEO, Pledging US Gas Investment

    • March 12, 2025
    CERAWEEK ‘Make Energy Great Again’ says UAE’s ADNOC CEO, Pledging US Gas Investment

    US Natural Gas Prices Fall More Than 5% on Record Output, Milder Weather Outlook

    • March 12, 2025
    US Natural Gas Prices Fall More Than 5% on Record Output, Milder Weather Outlook

    UK Arrests Container Ship Captain After Tanker Collision

    • March 12, 2025
    UK Arrests Container Ship Captain After Tanker Collision

    Alberta Discuses Heavy Oil Sales With Large Overseas Buyer

    • March 12, 2025
    Alberta Discuses Heavy Oil Sales With Large Overseas Buyer

    TotalEnergies and RWE Agree One of the World’s Biggest Green Hydrogen Deals

    • March 12, 2025
    TotalEnergies and RWE Agree One of the World’s Biggest Green Hydrogen Deals