Sri Lanka Awards Nearly US$6 Million Contract for First Utility-Scale Battery Storage System
On 3 November, the Cabinet approved a multi-currency contract for a 100 MW/100 MWh battery energy storage system at the Kolonnawa Grid Substation. The contract, awarded to a Ceylex Engineering and Xingneng Electric Power Construction joint venture, totals approximately US$1.27 million, €2.61 million and Rs. 555.13 million, excluding taxes. HPC can support energy-project research, procurement planning and infrastructure investment advisory.
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