Browns Capital PLC-owned Saga solar Power (Pvt) Ltd. is going ahead with the country’s first utility scale Solar Farm, company’s latest annual report highlights. Browns Capital PLC holds 50.10% of Saga solar Power (Pvt) Ltd. Company is planning to increase power generation from the renewable energy sector ,in line with Sri Lanka’s power and energy strategy. The pioneering project is located in Buruthakanda, Hambantota, as the area has the highest solar irradiation in Sri Lanka.
According to the company officials, the project will house 48,000 Polycrystalline solar panels manufactured by a high quality German solar panel manufacturer/EPC contractor. Saga Solar Power (Pvt.) Ltd has signed a long-term Power Purchase Agreement (PPA) with Ceylon Electricity Board (CEB) for a period of 20 years at a fixed tariff of Rs.23.10 per unit. The project has been awarded a 30-year lease on 45 acres of land within the Energy Park in Hambantota, gazetted under the Sustainable Energy Authority.
The company’s financial report also adds that the project, which will have a capacity of 10 MWAC, is estimated to produce 20 million units per annum. The largest grid connected solar farm in the country managed by the Sustainable Energy Authority which has a capacity of 1.3 MW is also located in Hambantota.