NTPC-CEB Joint Venture Announces 5.97-Cent Tariff for Sri Lanka’s Sampoor Solar Project

Key Takeaways

The 50 MW Sampoor Solar Project in Sri Lanka has finalized a tariff of 5.97 US cents per unit.
Developed by a joint venture between NTPC Limited and the Ceylon Electricity Board, the project can be expanded to 120 MW.
This initiative supports Sri Lanka’s commitment to renewable energy and reducing reliance on fossil fuels.

Project Overview

The Sampoor Solar Project, located in Trincomalee, Sri Lanka, has reached a significant milestone by finalizing its tariff at 5.97 US cents per unit. This announcement was made public by Sri Lankan President Anura Kumara Dissanayake, highlighting its importance in the nation’s renewable energy transition.

Developed by Trincomalee Power Company Limited (TPCL)—a joint venture between NTPC Limited and the Ceylon Electricity Board (CEB)—the solar project has an initial capacity of 50 MW. However, it has the potential for future expansion up to 120 MW, which is expected to significantly enhance Sri Lanka’s clean energy generation capability.

This initiative is crucial for Sri Lanka as it aligns with the government’s renewable energy objectives, aiming to diversify the energy mix and improve long-term energy security. The finalized tariff structure is a positive move towards sustainable energy use, promoting the shift away from fossil fuel dependency.

NTPC Limited, India’s premier power company, is actively pursuing international ventures in renewable energy, targeting projects in solar, wind, and hybrid energy sectors. The completion of the Sampoor project underlines NTPC’s strategy to expand its global presence in sustainable energy markets. Furthermore, it advances Sri Lanka’s agenda for a greener energy future, ensuring a cleaner environment and a more resilient energy framework.

As the demand for clean energy continues to rise, projects like Sampoor play an essential role in shaping a sustainable energy landscape in Sri Lanka and beyond. The collaboration between NTPC and CEB demonstrates a strong commitment to reducing carbon emissions while supporting economic development through energy independence.

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