Extension of SPPA of Erathna MHPP for another Five years period

17th May 2018

The Erathna MHPP’s Standard Power Purchase Agreement (SPPA) entered into with Ceylon Electricity Board (CEB) will expire in July 2019 and as per the letter dated 17th of May 2018, the CEB has informed the Company another five years extension. Further, as per Sri Lanka Sustainable Energy Authority (SEA) Act No 35 of 2007, at the end of 20 year period, the Board of SEA may, at request of the developer (Company) and in consultation with the Committee, extend the period of the validity of the permit by further period not exceeding another 20 years.

However, Denawaka Ganga MHPP and Kiriwaneliya MHPP have a further 9 years of operation before their SPPAs falls due.