Under the aegis of International Solar Alliance(ISA) NTPC Ltd, Largest power generation utility of India plans to establish solar power plants in Sri Lanka as a part of the strategy to exhibit the presence of India in the Indian Ocean Region (IOR) amid China’s attempt to attract nations into the “Belt and Road” initiative.
Key Points:
i.The Ceylon Electricity Board(CEB) has an installed power generation capacity of around 35.8 GigaWatts(GW).
ii.The NTPC’s Sri Lanka Solar park with installed capacity of 62.91 GW is one of the contracts to help the ISA member countries to build a 10 GW solar capacity.
iii.The proposed solar park follows the Colombo coal fuelled power project which was scrapped due to environmental issues.
iv.Petronet LNG ltd, announced its plan to establish a terminal for liquefied natural gas in Sri Lanka.
v.As a part of creating a new energy ecosystem in the South Asian neighbourhood, India explores laying overhead electricity links with Sri Lanka.
Note:
China is one of the biggest investors in various infrastructure projects of Sri Lanka.
About International Solar Alliance(ISA):
Director General– Upendra Tripathy
Headquarters– Gurugram, Haryana
About NTPC Ltd:
Chairman & Managing Director– Gurdeep Singh
Headquarters– New Delhi
Recent Related News:
i.The Competition Commission of India (CCI) has approved the formation of Joint Venture (JV) between Adani Green Energy Limited and Total S.A. for solar power generation in India.
ii.The Republic of Mali awarded the Project Management Consultancy (PMC) contract for the development of a 500 MW solar park in Mali to NTPC Limited.
