Sri Lanka, April 11 -- The Ceylon Electricity Board (CEB) has signed the Power Purchase Agreement (PPA) for the 350 MW Sahasdhanavi Combined Cycle Power Plant, which will be built, owned, and operated by Sahasdhanavi Limited.

Issuing a statement, the CEB said that the ownership of the power plant will be transferred to the CEB after 25 years.

This marks a significant milestone in Sri Lanka's pursuit of reliable and affordable electricity for families and businesses, the CEB said in the statement.

The 350 MW Sahasdhanavi Combined Cycle Power Plant, approved by the Public Utilities Commission of Sri Lanka (PUCSL), will soon commence construction. It is expected to deliver electricity to the national grid within 30 months under Open Cycle...