• Wed. Jul 10th, 2024

American Clean Energy Solutions invests $150M in Ground-Mounted Solar Power Project in Nilaveli

Sri Lanka has recently awarded the American Clean Energy Solutions Inc. based in Ontario,
Canada to develop 100 Megawatts solar power project on Sri Lanka Broadcasting Corporation (SLBC) land in Nilaweli, Trincomalee. This project is in line with the Government policy directive and vision of
achieving 70% of electricity generation from renewable energy resources by 2030.

American Clean Energy Solutions Inc. Ontario, Canada will invest over USD 150 million to develop the Nilaveli Solar Power Project with support from Sri Lankan developer, 3 W Power Management Limited.

The SLBC organized a small-scale function on 30th January 2023 at the SLBC premises to award the Energy Permit Approval clarence letter received from Sri Lanka Sustainable Energy Authority (SEA) to the Canadian Investor. Regional Director of the American Clean Energy Solutions Inc., Mr. Mohamed Hussain received the award letter from SLBC Chairman, Hudson Samarasinghe with the presence of
Minister of Transport, Highways and Mass Media Dr. Bandula Gunawardana; Secretary,
Ministry of Mass Media; Anusha Pelpita, SEA Chairman Eng. Ranjith Sepala, Director General of SLBC Nalin Kumara Nissanka, and Director General of SEA J.M Athula.

Minister Dr. Bandula Gunawardana said that Sri Lanka should attract more foreign direct investments to come out of the present economic crisis. He invited all investors to provide the required support to develop a Renewable Energy drive of Sri Lanka and appreciate the efforts made by Indika Kumara Weerakkody Executive Director/Vice President and Mr. Warnapriya Wijesundara, Executive
Director/General Manager of 3 W Power Management Limited.

Speaking further, the Minister said that it is essential to initiate new business opportunities to bring FDIs to Sri Lanka. Nilaveli Solar project has been planned to develop on unutilized land extent belongs to SLBC and generate additional income to the SLBC. Minister also pointed out the enormous benefits from this solar power project as it reduces the requirement of fossil fuels to generate electricity. It was informed that
the project will save approximately Rs. 8,000 million per annum to CEB by replacing the high-cost thermal power.

Vice President of the 3 W Power Management Limited; Weerakkody appreciated the support received from all the government officials such as Divisional Secretary Kuchchaveli, CEB, SEA, CEA and specially to SLBC during the initial approval process of the project.

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