Panasian Power subsidiaries sign PPAs for five 5MW ground mounted solar PV projects

Panasian Power PLC said this week that Group companies have entered into Power Purchase Agreements (PPAs) for five 5MW ground mounted solar PV projects in the Galle, Anuradhapura, Ampara, Maho, and Matara Grid Substations effective 15 August.

In November last year, Panasian Power PLC, a leading renewable energy company founded in 2002, announced that four of its fully-owned subsidiaries successfully secured awards from the Ceylon Electricity Board (CEB) for six ground-mounted solar PV projects with a cumulative capacity of 30MW/40MWdc at an attractive tariff. 

The four subsidiaries participated in the CEB solar PV tenders floated on 14 March 2023 and on 10 November 2023, and were awarded with 5MW x 6 Nos. ground mounted solar PV projects in the Galle, Anuradhapura, Ampara, Kurunegala, Maho, and Matara Grid Substations.

At the time, the company said these projects may contribute greatly to meeting the national energy target as well as the national emission reduction targets.