NTPC-CEB Joint Venture Finalizes Tariff for Solar PV Power Project in Sri Lanka
- Energy Box
- Jan 21
- 1 min read
This initiative will help diversify Sri Lanka’s energy mix with a significant boost to the country’s clean energy capacity and reduce dependence on fossil fuels
State-run NTPC said on Tuesday that its joint venture with the Ceylon Electricity Board (CEB) and TPCL (Trincomalee Power Company, a 50:50 JV company) has finalised tariffs for the 50 megawatt solar PV project in Sri Lanka.
The JV between India’s state-run power generator NTPC and the Ceylon Electricity Board (CEB) and TPCL is developing a 50 MW (extendable to 120 MW) solar project in Sampoor, Trincomalee (Sri Lanka). The has finalised a landmark tariff for the project after rounds of deliberations with various stakeholders in Sri Lanka.
“It is learnt that the President of Sri Lanka, Anura Kumara Dissanayake, in a public meeting confirmed that the final tariff for the Sampoor Solar project in Trincomalee, Sri Lanka has been set at 5.97 US cents per unit,” the CPSU added.
This initiative will help diversify Sri Lanka’s energy mix with a significant boost to the country’s clean energy capacity and reduce dependence on fossil fuels. The finalized tariff structure ensures long-term energy security while aligning with Sri Lanka’s ambitious renewable energy goals.
With the increasing focus on renewable energy, the Sampoor Solar Project represents a major leap forward in Sri Lanka’s green energy agenda. NTPC Limited is actively pursuing international investments in the energy sector, with a focus on renewable energy (RE) projects, including solar, wind, and hybrid power.
The Sampoor project aligns with NTPC’s vision of “becoming the world’s leading power company” and reflects its commitment to driving sustainable energy solutions in key international markets.
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