Lease of 10 Acre land for Mixed Development at Madinnagoda, Rajagiriya 

Tenders are invited by the Chairman, Revenue Tender Board (Major) for lease of land depicted as Lots No. 1 – 13 in Plan No. 2207 and Lot No. 14 B in Plan No. 2401 situated at Madinnagoda at Rajagiriya East within the Sri Jayewardenapura Kotte Municipal Council Limits for a Mixed Development on 99-years lease basis.

Location: Rajagiriya

Source: Urban Development Authority

Tender closing date: 10 May 2019

Chalmers Granaries 

Located in the prime location in the heart of Colombo, where the proposed mega Chinese Investment, the Port City Project is a few hundred

metres distant, and within walking distance of the main railway station and the central bus stand. The proposed development is mixed development (Commercial plus Residential High Rise Towers) The government. of Sri Lanka is willing to give significant part of the land as its contribution. The identified land 9A 2R 31.75 P in extent and the base price of the land is Sri Lankan Rupees Nineteen Billion (LKR 19.0 bn). The opportunity is available on a 99-Year Lease with the Urban Development Authority of Sri Lanka.

Location: Colombo

Source: Urban Development Authority

Tender closing date: 22 March 2019

Aerial Bundled Conductors

Chairman, Ministry Procurement Committee on behalf of the Ceylon Electricity Board, invites sealed bids from the potential suppliers, for the contract mentioned above. Bidding method shall be International Competitive Bidding.


Location: Sri Lanka

Source: Ceylon Electricity Board

Tender Closing date: On or before 10:00 hrs (10 AM) on 27 March 2019

Santon Spa

The project offers investors the opportunity to buy, outright, the Santon Resort and Spa Beach Hotel in what has been recognised internationally as the best surfing destination in Sri Lanka. With pristine beaches, existing plans, the Santon Resort and Spa Beach Hotel is designed by the internationally renowned architect Company – Wilson Associated, landscape architects (Belt Collins).


Location: Tangalle

Value: USD 1.2 million (Outright sale)

Virtual Reality Park

Virtual Reality (VR) is the use of computer technology to create a simulated environment. Unlike traditional user interfaces, VR places the user inside an experience. Instead of viewing a screen in front of them, users are immersed and able to interact with 3D worlds. By simulating as many senses as possible, such as vision, hearing, touch, even smell, the computer is transformed into a gatekeeper to this artificial world. Hence the project is offering interactive games, non-interactive experiences and educational learnings for local as well as foreign tourist.

Location: Colombo or Hikkaduwa

Value: USD 360,000

Kundasale Auto Services (Pvt) Ltd

The Kundasale Auto Service (Pvt) Ltd (Herein after called KAS), established in 1994 its main workshop at Polwatta, Kundasale, with approximately 1 acre and 60 perches of land purchased by the proprietor Mr. R L W Mediwake. After more than 15 years of successful operation, it has been extended to another branch at Mihintale, with a land area of 4 acres in 2011, and the third branch established in 2012 at No.27 Industrial Estate, Pallekele with a land area of 1.5 acres.

Location: Kundasale

Value: Seeks interested Investors to invest tin the company to strengthen further the financial capability of the company.

Development and Construction of an apartment building complex at Colombo 12

A 37.5 perch contiguous land located at Hulftsdorp, owned by a private proponent is available for commercial development as joint venture. The Project Proponent proposes to construct an apartment complex within this prestigious land and he is currently seeking LKR 479 million to fund the construction cost of this multi-storeyed apartment complex

Location: Colombo 12 – Hulftsdorp

Value: LKR 479 Million

Luxury Apartment Complex at Colombo 05

The Luxury Apartment Complex at Colombo 05 is a high-rise luxury apartments project which includes 319 units on 29 residential floors consisting of 3 bedroom and 2 bedroom units. Hence this Development offers astute investors a unique and strategic opportunity to capitalise on and hedge their investment on the looming upside of the property boom that is sweeping across the island nation.

Location: Colombo 05

Value: LKR 3 Billion

Battaramulla Mixed Development Project

The proposal is to develop land on the Kandy New Road in Thalangama North, by to building with two towers. The area is an emerging mixed development area and there is a growing demand for residential, as well as urban facilities such as shops, supermarket, restaurants and office areas. Therefore, the selected location is ideally located for this project and it will comprise the following facilities: Shopping and Restaurants, Office for corporate clients, Residential Apartments/Penthouses, Gymnasium, Swimming Pool, Children Play Areas, Fitness Centre, Parking.

Location: Battaramulla

Value: USD 69.14 Million

Construction of Upper Elahera Canal Tranche 2

The Democratic Socialist Republic of Sri Lanka has received financing from the Asian Development Bank (ADB) towards the cost of the Mahaweli Water Security Investment Programme (MWSIP) – Tranche 2. Part of this financing will be used for payments under the contract named above. Bidding is open to Bidders from eligible source countries of the ADB.

The Upper Elahera Canal Project (UECP) comprises two components. The first component is the 9 km Kalu Ganga-Moragahakanda Transfer Canal (including 8 km of tunnel) that transfers water between the Kalu Ganga and Moragahakanda reservoirs. The second component is the Upper Elahera Canal that connects the Moragahakanda reservoir to the existing reservoirs: Huruluwewa, Eruwewa and Mahakanadarawa via 92 km of canals (including a 27.7 km long tunnel 3 & 4). These reservoirs supply existing irrigation and water supply schemes. The UEC is to be implemented in 3 Tranches. This is the 2nd tranch:

Construction of UEC Tunnel 3 and Tunnel 4 from 27+509 km to 55+600 km (UECP-ICB-2A), and the Kaluganga – Moragahakanda Transfer Canal (KMTC) from 0+000 km to 8+830 km (UECP-ICB-2B)


Bid closes on 4 June 2019


These projects are all available for investment and development, through us.

Investors interested in finding out more information about these projects should contact

Dan Vithanage at Opportunity Sri Lanka, at the following email address, telephone or fax:


E-mail             :    info@oslmagazine.com

Telephone    :    +94112585833 |  +94112593416 | +94 75 0 260 422    Fax :  +94112589334

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Request for proposals for supplying total 100MW of supplementary electrical power on short term basis

Request for proposals for supplying total 100MW of supplementary electrical power on short term basis


On behalf of Ceylon Electricity Board (CEB), the Standing Cabinet Appointed Procurement Committee (SCAPC) of Ministry of Power and Energy invites proposals from reputed companies for supply of supplementary electrical power to CEB on short term basis under a Power Purchase Agreement. 



The key parameters of this procurement are

  • Aggregate capacity requirement is 100 MW in 06 locations: transmission grid substations at
    1. Pallekele (24MW),
    2. Hambantota (24 MW),
    3. Horana (24MW),
    4. Galle (10MSAT),
    5. Mahiyanganaya (10MW)

          6. Polonnaruwa (81MW).

  • One proposer can offer bids for one or more of the above locations.
  • Tariff will be in two parts: one for capacity availability and the other for energy dispatched.
  • Selected proposers are required to procure fuel for their plant operation, and should enter into a fuel supply agreement with the selected fuel supplier.
  • Procuring, delivering and storing of fuel and lubricating oil for the plant shall be the responsibility of the selected proposer.
  • Securing all clearances/permits/licenses would be the responsibility of the selected proposer.
  • Successful proposers will be notified in not less than three (03) days after opening of proposals.


Our company is fortified with all the information and local expertise for winning the bid successfully. The following services are included in extending our services to you with regards to this NIC tender: 

  1. Represent the principal at the pre-bid meeting
  2. Provide the principal with a price guide only in order for the principal to reach the final price.
  3. Assist to prepare a comprehensive proposal
    with local expertise to ensure that there are no deviations.
  4. If our pricing is reasonable (should not be the highest), to check the technical deviations of others (if any) and make way to disqualify them.
  5. Agree to look after PR activities with all stake holders, the state officials and trade unions at the client’s organization, media chambers etc.,
  6. Get the contract awarded to our principal.

Design & construction of  700 housing units at Apple Watta


The city of Colombo has been the commercial and industrial center of Sri Lanka since the 17th century, largely owing to its strategic location along an international shipping route. The Government of Sri Lanka (GoSL) plans to transform Colombo into a city on par with its regional middle-income competitors and has established a dedicated Ministry of Megapolis and Western Development (MMWD) in charge of developing the Western Province, where Colombo is located.

The objective of the proposed project is to improve housing conditions of low-income communities and increase land use efficiency in Colombo through investments in the construction of affordable housing and redevelopment of land, with associated policy and system enhancements. Proposed results indicators for the objectives would include:

(i) number of adequate housing units allocated to households in the two lowest income quintiles;

(ii) number of people resettled into the newly constructed housing units;

(iii) area of land allocated for public and high-value uses;

(iv) more than 4,500 below-median income households whose housing is improved in terms of utility, drainage and durability, and resident satisfaction; and

(v) value of land made available for redevelopment under the project increased by 30 percent or more. 

The total project cost is estimated at USD280 million. The GoSL has requested the Bank to finance the project through a sovereign backed loan. Components 1 and 2 are proposed to be financed by the Bank and the GoSL on a 70:30 basis, with component 3 financed entirely by the Bank. The indicative project cost and financing plan is shown in the


The Democratic Socialist Republic of Sri Lanka has proposed to Asian Infrastructure Investment Bank (AIIB) to provide joint financing for the support to Colombo Urban Regeneration Project, and intends to apply part of the proceeds toward payments under the contract for design & construction of 700 housing units at Apple Watta. 

The Ministry of Megapolis and Western Development (MMWD) now invites sealed tenders from eligible tenderers for design and construction of 700 housing units at Apple Watta accommodated in 16 (G + 15) storied building consisting of 500 sqft carpet area housing units. Each housing unit includes two bed rooms, living area, kitchen, dining area, balcony and toilet and bathroom with a separation.

Tendering will be conducted through international competitive procurement using Request for Tenders (RFT) as specified in the Asian Infrastructure Investment Bank’s “Interim Operational Directive on Procurement Instructions for Recipients (June 2, 2016) (“Procurement Regulations”), and is open to all eligible tenderers as defined in the procurement regulations.

Tendering will be conducted through International Open Competitive Tendering Procedure.

Supply & delivery of UHF communication equipment and accessories


Chairman, Ministry Procurement Committee on behalf of the Ceylon Electricity Board, invites sealed bids from the potential suppliers, for supply & delivery of UHF communication equipment and accessories. bidding method shall be International Competitive Bidding. Bids should be submitted only on bidding documents purchased from the CEB. 

These projects are all available for investment and development, through us. Investors interested in finding out more information about these projects should contact
Dan Vithanage at Opportunity Sri Lanka, at the following email address, telephone or fax:
E-mail : info@oslmagazine.com
Telephone : +94112585833 | +94112593416 | +94 75 0 260 422 Fax : +94112589334

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Sri lanka a land of business opportunities

Sri lanka a land of business opportunities

Since the civil war ended in 2009, the Sri Lankan economy has grown on average at a rate of 5.8% a year. This reflects both a peace dividend and a commitment to reconstruction and growth, opening up lucrative markets & opportunities for investors.

Sri Lanka, the fabled “Pearl of the Indian Ocean”, with a total population approaching 21.4 million, is creating wealth steadily, and is transitioning to the ranks of higher middleincome countries from the previous lower middle-income category, improving the standard of living and quality of life of its inhabitants. With GDP growth at 3.1% (2017, World Bank), the Sri Lankan government aims to achieve 5.2% in 2018.

“An extensive network of roads and highways in Sri Lanka is helping to drive the economy and move people and goods faster. Further, Sri Lanka has been a success story in bringing reliable electricity supply to its people, reaching a 98 percent electrification rate.”

Asian Development Bank

Recognising business opportunities in high-growth markets


Lebanon is drowning in its own garbage. Beirut and its suburbs alone generate more than 3,000 tons of trash per day, according to government figures. In 2015, the crisis became so severe that trash was left to rot for months on city streets. That sparked massive protests against the government. Scientists estimate 1,000 to 3,000 tons of plastic are floating on the surface of the Mediterranean, with more added every year. According to researchers at the American University of Beirut, 77 % of Lebanon’s waste is either dumped openly or sent to landfills even though they estimate that more than 80 % could be composted or recycled.

Opportunity Overview

Secured Waste to Energy (WtE) Project based on Public Private Partnership (PPP) with 22 Municipalities in Lebanon.

Objective: Install plant using an Integrated Waste Management – Zero Waste Solution, through Anaerobic Digestion Enzyme Technology.

Investment: 100% funding/financing of Eur 45 million (approx. USD 48 million)

Capacity: The initial Project is to install 500 tonnes per day (tpd) MSW Treatment Plant with an additional 100 tpd spare capacity = Total 600 tpd.

Concession: 30 years against a sovereign guarantee, land, tipping fee and power purchase agreement guarantee

Approvals: All permissions, approvals and licenses will be provided.

Land: Land Area 40,000 square metres (10 Acres) provided by the public partner and will be asset of the SPV.

Project Cost: Euros 45 million (approx. USD 48 millions)

Rates: Project will earn tipping fee Eur 45 (USD 48) per tonne, invoiced and paid every month.

Electricity rate is Eur 0.10 (USD 0.11) invoiced and paid every month.

Availability: Contract is signed and project can start immediately.

Revenues: From tipping fees, carbon credits, recyclables, and sale of electricity, recyclables and solid and liquid fertilisers.

Key Financial Highlights (All Figures in EUR)

Project IRR = 67%
NPV = 134,078,665
Payback Period = 2.6
Terminal Value = 205,368,593
WACC  = 16.5%
EBITDA in Final Year = 34,671,358


As a country in transition, Bosnia and Herzegovina (BIH) faces, in the post-war period, many social, economic, and other problems, among which the issue of environmental protection stands out as one of the most crucial. In the pre-war period, the basic natural resources – water, air and soil – of BIH, as the centre of heavy industry and as the republic providing raw materials and energy that served as the basis for the economic development of former Yugoslavia, were subject to serious pollution. Large areas, above all those in urban areas, were exposed to various forms of pollution, due to expansion of construction and building, manufacturing industry and power industry (mines and large power facilities).

Waste, a major environmental issue in BIH, causes problems, due mainly to inadequate management, lack of infrastructure, and social attitudes towards rubbish. The current lack of an adequate waste disposal system in BIH has led to the illegal dumping of considerable quantities of rubbish at roadsides, in rivers in abandoned mines, and similar places, posing threats to public health and the environment. BIH does not, at present, operate any garbage incineration facilities. While recyclables separated from the mixed municipal waste amount to less than 5 % of the total municipal waste mass (estimate), at least 95 % of the collected mixed municipal waste is disposed of mostly on non-sanitary disposal sites. As Bosnia is applying for European Union membership, waste management and treatment is a principal criterion for their EU membership. To address the EU membership criterion, in June 2016 four municipalities in Goražde collectively issued a tender, inviting waste management companies worldwide to bid and provide a solution.

Opportunity Overview

Secured Waste to Energy (WtE) Project based on Public Private Partnership (PPP) with four municipalities in Goražde – BIH.

Objective: Install treatment plant and treat existing landfills through the gasification process.

Investment: 100% funding/financing of EUR 25.5 million (USD 27 million)

Capacity: The initial project is to install 100 metric tons per day – tpd with an expansion capacity by 50-tpd to reach 150-tpd capacity

Concession: Contract is against a guaranteed tipping fee and power purchase agreement provided through a sovereign guarantee by the municipalities/government in Bosnia and Herzegovina.

Investment Type: Public Private Partnership (PPP). Build, Own, Operate and Transfer (BOOT) Model for 30 years.

Power Purchase Agreement: PPA @ EUR 0.36 cents per kW/h (Unit) (about KM 0.72 cents) as per rates by FERK – Federal Electricity Regulatory Authority. This may go up to EUR 0.45 cents once the project is started and we register with FERK as “Preferred Producer”

Tipping Fees: Agreement for EUR 16.36 cents (BAM 32) per metric ton.

Land Area: 63,674 square metres (about 15.734 acres). Municipalities/government will provide all Land and infrastructure leading up to the plant, worth BAM 2,680,184 million (about EUR 1,370,496 million). Once the infrastructure leading to the site and the plant is in place and project started, the value of the land is expected to more than double.

Availability: Project can start immediately, once the total investment is in place

Timeline: Ground breaking to production – 12 months or less all things being equal.

The tender was to install an “Integrated Waste Management Solution – Zero Waste” plant and in addition treat existing landfills. The project proponent was awarded the tender 6 and a contract was signed.

Key Financial Highlights (All Figures in EUR)

Project IRR = 42%
NPV = 36,128,389
Payback Period  = 3.5 Years


At present India generates about 960 million tonnes of solid waste annually, as by-products during industrial, mining, municipal, agricultural, and other processes. Of this, about 350 million tonnes are organic waste from agricultural sources; about 290 million tonnes are inorganic waste of industrial and mining sectors and about 4.5 million tonnes are hazardous in nature and these figures are rising daily.

Urban areas in India alone generate more than 100,000 tonnes per day (tpd) of solid waste per day, higher than the total daily waste generation of many countries. Large metropolises, such as Mumbai and Delhi generate around 9,000 tpd and 8,300 tpd respectively.

The population of Karnataka according to the 2011 census is 61,095,297 is rapidly rising, making it the ninth most populated state. Karnataka has a landmass of over 190,000 sq. kilometres, which makes it the eighth largest state in the country. The city of Bengaluru (Bangalore) alone generates around 5,000 tpd of Municipal Solid Waste. There is an immediate and intensive need for effective Waste Management Solutions in India, and in Bengaluru in particular.

Many international and local companies in India have either failed or created more problems with their technology (burning, burying) and others are quite ineffective in just carrying out segregation, incineration, and composting only.

Opportunity Overview

Secured WtE – Waste to Energy Private Project, in Bengaluru, Karnataka State in India.

Objective: To install WtE treatment plant

Investment: USD 60 million

Capacity: The initial project is to install 1,080 metric tons per day – tpd. PROJECT PROPONENT India will apply enzyme technology and treat 500 tpd, with an expansion capacity of an additional 100 tpd = 600 tpd. Other partner will apply its own technology and treat the remaining.

Concession: Against sovereign guaranteed for tipping fees and power purchase agreement

Investment type: Private project – Build, Own and Operate – BOO model and fully privately owned including the land, for a period 30 years from date of commercial operation.

Land area: 26 Acres, worth INR 7.59 crores (approx. EUR 1.10 million or USD 1.17 million)

Tipping Fee: INR 279 per tpd with escalation clause of 15% every 3 years

Power Purchase Agreement: INR 7.90 per kW/h (Unit) with escalation clause

Availability: Project can start immediately.

Timeline 14 months to start commercial production, based on local conditions

JV can be signed immediately upon total investment being in place.

Key Financial Highlights (All Figures in EUR)

Project IRR = 48%

NPV = 80,171,115

Payback Period = 3.2 Years

Terminal Value = 132,990,215

WACC = 16.5%

EBITDA in Final Year = 22,979,114


The company has been in operation for the last 3 ½ decades, specializing in providing end-to-end design solutions. The team has delivered work of international standards in corporate, retail and hospitality spaces. As a leading turnkey solution service provider, they are looking at expansion to take the company to the next level, concentrating on:

  • Increase of annual sales turnover with local international project contracts
  • Increase of retail sales with showrooms in SL & India
  • Increase of export sales with rustic, reproduction & designer furniture ranges
  • Backward integration of timber purchasing for improved efficiency & cost saving

The company possesses two production facilities, one dedicated to re-production of high-end furniture in luxury class timbers such as mahogany and teak, while the other facility design and manufacture modern contemporary furniture mainly from treated rubber wood and other tropical woods.

The company is looking for an investment of USD 2 M to carry out its future plan. The investment will be secured by a share issue on the asset base.

Investment: USD 2 million

Current asset valuation: LKR 364.5 million (EUR 1.76 million, USD 2.0 million)

Annual return on investment (R01): USD.0.7 Mmillion (20%)

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Sri Lanka energy sector

Sri Lanka energy sector

Outlook and Available Investment Opportunities

Sri Lanka is on the path towards becoming an internationally competitive middle-income country. This power and energy sector development plan is aligned to the country’s development drive, and has been prepared to provide affordable, high quality and reliable energy for all citizens, rich or poor, equally by conserving country’s precious natural environment, giving priority to the indigenous energy sources, and minimizing regional disparities in energy service delivery. The power and energy sector vision is to capture the full potential of all renewable and other indigenous resources in order for Sri Lanka to become a nation self-sufficient in energy.

The total energy requirement of the country was around 11,125 ktoe in 2013, and the primary energy supply mainly consisted of 4,814 ktoe of biomass, 4,582 ktoe of fossil fuels, and 1,442 ktoe of hydro. Accordingly, 56% of total energy consumption is from indigenous (biomass + hydro), and Sri Lanka has to import fossil fuels to meet the balance. This requires importing 02 MMT of crude oil, 04 MMT of refined petroleum products and 2.25 MMT of coal to the country annually, costing approximately USD 5 billion in foreign exchange. The average annual total bill of imported fossil fuel is therefore 25% of our import expenditure, and nearly 50% of total export income. Therefore, the power and energy sector has a huge bearing on the country’s balance of trade and exchange rates.

Sri Lanka has already achieved a grid connectivity of 98%, which is commendable by South Asian standards. Current total installed power generation capacity of the country is approximately 4,050 MW, consisting of 900 MW of coal power, 1,335 MW of oil burning thermal power, 1,375 MW of hydro power and 442 MW of non conventional renewable energy sources such as wind, mini hydro, biomass and solar power plants.

The annual total electricity demand is about 10,500 GWh, comprising of 38% from domestic consumers, 39% from industries and 20% from commercial enterprises, with the balance coming from other sectors such as religious organizations and street lighting. The overall annual demand for electricity is expected to increase by around 4-6%, a number constrained by high prices.

The transport sector is also an important pillar of the economy. A sustainable transportation system contributes towards better socio-economic development by increasing rural connectivity and sustaining an efficient and clean urban environment. As shown by studies conducted in the recent past, the transport sector is the highest contributor to GHG emissions with a share of about 48% of all CO2 emitted from fossil fuel combustion. In 2013, out of a 5.2 million total vehicle fleet, the number of two wheeled and three wheeled vehicles was 3.6 million, which is expected to increase with higher economic development, posing both financial and environmental challenges in the future.

In this context, it is clear that a strategic balance between the national energy demand and supply has to be maintained with a long term perspective, in order to support a steady economic growth in Sri Lanka. With one of Sri Lanka’s primary resources being her human capital, this sector development plan for a knowledge based economy has primarily developed to meet energy demand through renewable and other indigenous energy resources, and their potentials towards a “green” economy, energy conservation measures for its sustainability, measures for energy security, financially and economically justifiable pricing policies for electricity and petroleum products, research and development initiatives, and importantly management and good governance practices for the sector.

  • Sri Lanka’s domestic demand for electricity will increase from 4,043MW today to 6,900MW by 2025
  • Transmission Network – Need to enhance from 601 km of 220 kV to 1,300 km by 2025; From 2,310 km of 130 kV to 3,000 km by 2025
  • Future project value of the sector next 5 years – US$ 4Bn

These initiatives will ensure that consumers and businesses are not unduly vulnerable to external market factors, and that the economy can benefit from a secure and affordable energy supply. Sri Lanka will be elevated to a regional hub by increasing its refinery capacity and utilizing the gas and condensate discoveries in the Mannar basin to create and meet domestic demand as well as to supply international oil and gas markets. Development of a natural gas processing plant in Norochcholai and an oil storage and trading centre using the Trincomalee tank farm are part of this strategy. Large scale deployment of renewable energy will further increase the resilience of Sri Lanka’s energy
supply, with a large scale wind farm in Mannar and a wide spread network of fuel wood exchanges being some planned Green initiatives.

The power and energy sector of Sri Lanka is looking forward to an energy self-sufficient nation by 2030.


Energy Sector Targets…

1 To make Sri Lanka an energy self-sufficient nation by 2030
2 Increase the share of electricity generation from renewable energy sources from 50% in 2014 to 60% by 2020 and finally to meet the total demand from renewable and other indigenous energy resources by 2030.
3 Increase the electricity generation capacity of the system from 4,050 MW to 6,400 MW by 2030.
4 Generate a minimum 1,000 MW of electricity using indigenous gas resources discovered in the Mannar basin by 2020.
5 Increase generation capacity of low cost thermal power plants fired by natural gas and biomass to 2,000 MW to reduce the generation costs and to diversify the generation mix by 2020
6 Provide affordable electricity coverage to 100% of the people of the country on a continuous basis
7 Reduce the technical and commercial losses of the electricity transmission and distribution network from 11% to 8% by 2020
8 Reduce annual energy demand growth by 2% through conservation and efficient use.
9 educe petroleum use in the transport by 5% by introducing alternative strategies such as efficient modes of transport and electrification of transport by 2020
10 Produce the total petroleum product demand of the country through our own refinery by 2025
11 Upgrade quality of Petrol and Diesel to EURO IV and EURO III respectively by 2018
12 Further enhance the quality and reliability of electricity and fuel supply
13 roadening energy sector investment windows to include bonds, debentures, public private partnerships and other such novel financial instruments
14 Reduce the carbon footprint of the energy sector by 5% by 2025

Available opportunities

Geo Thermal Project Sri Lanka

Planning and mapping has been made for the construction of a first ever geothermal power plant. Hence, we are currently looking for a prospective investor to come on-board who is willing and able to invest on as per the Ministry of Power and Energy guidelines stated in the Request for Proposal (RFP) document which will be tendered later this year. The guarantee to recover the investment made will be the per unit fee This is a project on Joint Venture Partnership

Request for Proposal for Development of HFO 100MW Barge Mounted Power Plant

The CEB hereby invites proposals, in a prescribed format, for design, delivery, erection, testing commissioning, operation, and maintenance of 100 MW HFO-fired Barge Mounted Power Plant. The project location will be at Galle, 125 Km South of Colombo. Term of the PPA shall be for 10 year period. This is a tender in the pipeline.

Calling for Expression of Interest for LPG Business with CPC

C PC at present produces around 30MT to 50MTof LPG per Day at its Sapugaskanda Refinery. The Partner is to carry out LPG Business on Build, Operate and Transfer (BOT) model with 51% shares to Ceylon Petroleum Corporation. Further the partner has to provide all facilities including buildings, pipelines, stores, boilers on the land given by CPC This is a tender in the pipeline.


A cleaner future through green energy Floating Solar Park 300 Mw

This is an island wide project to establish floating solar panels in the lagoons of Sri Lanka The proposed financing method is on Public Private Partnership The total project value is USD 400 Mn This is a project on Joint Venture Partnership

Solar Panel Assembly Plant

The Solar Panel Assembly Plant will be a joint venture between the consortium formed in Korea and a local consortium in Sri Lanka. Combined together, effectively synergizing the resources, financial capability, and technological capabilities,

Rooftop Solar Project 10,000 Houses

This is a project to supply rooftop solar panels for 10,000 houses The Project Location is in the Northern Province of Sri Lanka. Potential Investor / Solar Technology Developers are invited for Foreign Direct Investment or a composition of a Joint Venture Holdings with SJK Strategies Pvt Ltd. This is a project on Joint Venture Partnership.


Conservation and efficient use of energy- a national priority Construction of Transmission Lines at Port City

The Ceylon Electricity Board intends to prequalify contractors and or firms for design, manufacturing, procurement, shop test, transportation, installation and commissioning tests including necessary civil works, electrical & mechanical works and building management services.

The transmission lines will be laid from Kerawalapitiya to Port City and it is currently in the project pipeline which is expected to roll out later 2018 in the platform of International Competitive Bidding.

Power stations

Timely Development of infrastructure Banduraliya – Dendro Renewable power stations

Since the forest city area is rich with fertile land, we promote fuel crops as a plantation and will be used to generation power in Dendro power stations. Dendro power will generate the electricity from sustainably grown biomass (fuel wood) for up-coming development. Some of the key components Includes to create as a long term power generation option. The project which will be awarded on International Competitive Bidding platform. This is a tender in the pipeline and shall be opened for bids latter 2018.

Future projects in our pipeline

Petroleum Sector Upstream and Downstream Development  USD 3,600.00 million

Electricity Generation USD 1,800.00 million

Electricity Transmission USD 1,725.00 million

Electricity Distribution USD 220.00 million


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