Sri Lanka is planning to develop a comprehensive electricity sector master plan of 25 years for the generation, transmission and distribution development for the whole country with JICA support.
The project will cover the consideration of new technical challenges which Ceylon Electricity Board as an implementing organization may face by 2040.
These includes expansion of non-conventional renewable energy sources, private sector participation, pumped storage power plants, optimal operation of coal thermal power plants, railway electrification and utilization of local gas and LNG.
In addition, the project will also include developing optimal financial strategy which will be formulated through reviewing and analyzing of financial figures such as present tariff level, cost structure and borrowing capacity of CEB. A signing ceremony on Record of Discussion for Technical Cooperation for the Project was held recently at JICA Sri Lanka Office.
The project will be implemented through Joint Study Team which will be organized by CEB experts and JICA experts.
Ceylon Electricity Board which is responsible to develop, operate and maintain a stable, efficient and economical electricity supply system, has prepared mid-to long-term investment plans.
These plans which identify future investment projects, such as power generations, transmission lines, substations and distribution network to meet the future demand projections are formulated based on the Master Plan which covers 25 years and includes elaborated electricity demand modelling and power system analysis.