📈 Cabinet OKs Rs. 24 Bn Norochcholai–Wariyapola Grid Upgrade; AIIB Financing Sought

Cabinet has authorized the CEB to proceed with the long-delayed Norochcholai–Wariyapola Transmission Development Project and initiate formal negotiations with the Asian Infrastructure Investment Bank (AIIB) for required financing. • Investment: The project is estimated to cost Rs. 24.06 Billion. • Key Impact: Designed to integrate over 750 MW of renewable energy (wind and solar) potential from the North Western Province into the national grid. • Rationale: Strengthens the main transmission backbone, addresses inadequate capacity causing network congestion, and prevents the curtailment of green power potential in one of Sri Lanka's most promising renewable energy zones (Puttalam/surrounding areas). • National Goal: The initiative is a top priority under the CEB’s Long-Term Transmission Plan and is crucial for supporting the national target of significantly expanding renewable energy generation by 2030.