⚡ Sri Lanka Awards $4.3M Contract for First Utility-Scale Battery Storage Project

• Overall Project Details: Cabinet approved a multi-currency contract (~US$ 4.3 Mn total, excluding taxes) awarded to a joint venture of Ceylex Engineering (Pvt) Ltd and Xingneng Electric Power Construction Co Ltd to upgrade the Kolonnawa Grid Substation. • Capacity & Financial Breakdown: The project will establish a 100 MW/100 MWh Battery Energy Storage System (BESS). Contract value is split into US$ 1.27 Mn, € 2.61 Mn, and LKR 555.13 Mn. • Energy Sector Impact: Serves as Sri Lanka’s first utility-scale battery energy storage facility, designed to stabilize the national grid and support the integration of renewable energy under long-term generation expansion plans. • Funding & Procurement: Financed by the Asian Development Bank (ADB) following international competitive bidding among four bidders, evaluated by a High-Level Procurement Committee.