trending Market Intelligence /marketintelligence/en/news-insights/trending/pgzmAFvgSUtmZNH15ptB8A2 content esgSubNav
In This List

Vestas to supply turbines for Sri Lanka wind project

Blog

Q&A: Data That Delivers - Automating the Credit Risk Workflow

Blog

Insight Weekly: Banks' efficiency push; vacuuming carbon; Big Pharma diversity goals

Blog

Smart thermostats gain traction in US, point to modest electricity savings

Blog

The Future of Risk Management Digitization in Credit Risk Management


Vestas to supply turbines for Sri Lanka wind project

Vestas Wind Systems A/S agreed to provide engineering, procurement and construction services for the 104-MW Mannar wind project being developed by Sri Lankan utility Ceylon Electricity Board.

Vestas described the projects as "the first large scale wind project ever planned" in the South Asian country, compared with previous wind projects in Sri Lanka ranging in size from 10 MW to 15 MW.

The Danish manufacturer will supply and install 30 units of its turbines for the project's first phase. The contract also includes civil and electrical engineering work and a full scope service agreement. Vestas said infrastructure related to the project, located on Mannar Island, such as internal cabling and access roads, energy dispatch control center, and reactors to manage voltage levels will also be built.

The Asian Development Bank approved a $200 million loan with sovereign guarantee for Ceylon Electricity Board for the Mannar wind project, according to a separate news release issued in October 2017. The Sri Lankan utility is expected to provide $56.7 million toward the total project cost of $256.7 million. The project is part of Sri Lanka's goal to increase renewable energy sources to roughly 20% of total generated power by 2020, according to the bank's news release.

Construction is scheduled to begin during the first quarter of 2019 and be completed in the third quarter of 2020.