South Korea is all set to develop the first floating solar power project in Sri Lanka.
On Wednesday, the two countries signed an agreement to develop the project on the island. The solar power plants will be built in Chandrika Wewa in Sabaragamuwa Province and Kiri Ibban Wewa in Uva Province.
The inking was done by the officials of the Ministry of Power and Energy and representatives of the Korea Institute for Advancement of Technology (KIAT) amid the presence of Minister of Power and Energy Kanchana Wijesekera.
As per the local reports, the project which will build two floating solar power plants is funded by a USD 5.2 million grant extended by the KIAT to the Sustainable Energy Authority.
The projects will be developed by a Korean Engineering Company. The project is likely to be completed by 2024, as per the authorities.
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