Wednesday May 06, 2026
Wednesday May 06, 2026
Wednesday, 6 May 2026 02:19 - - {{hitsCtrl.values.hits}}
The Cabinet of Ministers on Monday approved obtaining transaction advisory services from the Asian Development Bank (ADB) for the development of the 150 MW Kondachchi Wind Power Project.
The proposed project is a key renewable energy initiative identified as a priority under the Government’s strategy to expand clean energy capacity and increase private sector participation in the power sector.
The project will comprise a 150 MW wind power facility integrated with an advanced battery energy storage system (BEES), enabling it to operate as a virtual firm energy plant capable of delivering more stable and reliable power to the national grid.
Under the arrangement, ADB will provide end-to-end transaction advisory support throughout the project development cycle, including the preparation of bidding documents, tender invitations and the eventual project award through a competitive procurement process.
“The estimated cost of the advisory services is $ 1.2 million, which will be provided as a grant under ADB’s Technical Assistance Framework,” Cabinet Spokesman and Minister Dr. Nalinda Jayatissa said at the weekly post-Cabinet meeting media briefing yesterday.
The proposal, submitted by the Energy Minister Anura Karunathilake on behalf of the National System Operator (NSO), the successor entity to the Ceylon Electricity Board (CEB) received Cabinet approval as part of broader efforts to accelerate renewable energy deployment and modernise the country’s power infrastructure.
