Government Seeks AIIB Aid for Norochcholai–Wariyapola Transmission Project

The Cabinet of Ministers has approved the Ceylon Electricity Board (CEB) to proceed with the execution of the long-delayed Norochcholai–Wariyapola Transmission Development Project and to initiate formal negotiations with the Asian Infrastructure Investment Bank (AIIB) for financing.

Project Details and Objectives:

• Cost and Funding: The project is estimated to cost Rs. 24.06 billion. The government intends to secure the necessary funding from the AIIB.

• Goal: The initiative is a top priority under the CEB’s Long-Term Transmission Plan (2025–2034) and aims to integrate over 750 MW of renewable energy potential from the North Western Province into the national grid.

• Necessity: The North Western Province (Puttalam and surrounding areas) has significant untapped wind and solar potential. Inadequate transmission capacity has historically led to power curtailment and grid instability.

• Outcome: The development will establish a high-capacity transmission corridor, improving reliability, increasing system resilience, and supporting the national goal of expanding renewable energy by 2030.

Source: https://www.ft.lk/front-page/Govt-seeks-aid-from-AIIB-for-NorochcholaiWariyapola-transmission-project/44-784819