Panasian Power commissions 2 ground solar power projects with Rs. 300 m investment

Tuesday, 22 February 2022 00:37 - - {{hitsCtrl.values.hits}}

Panasian Power PLC (PAP), a leading supplier of renewable energy to Sri Lanka’s national grid recently commissioned two ground solar power projects, 1 MWac ground solar plants in Mahawa (also known as Maho) and Pannala, both in the North Western province of the country. The project is worth a total investment of Rs. 300 million.

The Maho and Pannala plants mark the fifth and sixth such ground solar power plants commissioned by Panasian Power PLC. The organisation was once again the equity investor and led all aspects of the construction including in house engineering, simulation, design, obtaining permissions, site acquisition, procurement and construction. Panasian Power also took the lead in securing power purchase agreements (PPA) for the project.

For both projects, PAP used the world’s most bankable inverter, Sungrow, for which they are the exclusive channel partners in Sri Lanka. The Maho project is the first time where PAP used the latest tier one bifacial solar panels combined with single axis trackers which follow the path of the sun to maximise power generation. The power plant at Pannala uses tier one bifacial panels and a raised structure to allow for organic farming underneath.

With a total investment of Rs. 300 million in both Maho and Pannala, Panasian Power’s latest clean energy projects are on track to earn up to Rs. 60 million in revenue annually for the company.

The two solar plants will generate 250,000 kWh of green electricity per year, saving the equivalent of 3,580 metric tons of CO2 which would otherwise be emitted using non renewable energy sources.

Speaking on the project Panasian Power Chief Executive Officer Pathmanatha Poddiwala said, “As a leading renewable energy organisation, Panasian Power is pleased to be at the forefront of the clean energy transition in Sri Lanka. The Maho project marks our fifth ground solar power plant in Sri Lanka, whilst the Pannala project is our sixth, and we are working towards commissioning more plants in an effort to ensure that green energy becomes a mainstream source of energy and a large-scale contributor to the national grid.”

Panasian Power PLC is committed towards maintaining and enhancing the economic, social and environmental sustainability of its operations. In line with this vision for a clean and sustainable future, the company continues to engage in replanting schemes at its hydro power sites to offset any vegetation loss due to land clearance undertaken for their solar plants.

Panasian Power currently has a series of high-performing ground and rooftop solar power projects in its portfolio totalling 15MWdc and a total generation capacity of 24MWp, including hydro power.