FINANCIAL CHRONICLE

Encyclopedia of Financial News

News | Forum

Home |Latest | Business | Economy | Markets | World | Featured | Discussions

,

Vidullanka Wins Major Battery Storage Project in Sri Lanka’s Vavunathivu

by

Sienna De Silva
in ,

Sri Lankan energy company Vidullanka PLC has announced that it has been awarded a project to develop a standalone battery energy storage system (BESS) in Vavunathivu. This initiative will be undertaken in collaboration with WindForce PLC.

The project will follow the Build, Own, and Operate (BOO) model and will have an operational contract period of fifteen years. According to a filing with the stock exchange, the facility is set to have a total installed capacity of 10MW/40MWh.

Project financing will adhere to an 80:20 Debt-to-Equity structure, amounting to a total of 1.73 billion rupees. Vidullanka will hold a 50 percent stake in the project.

(Colombo/Feb17/2026)

Related Posts

Latest News

  • Sri Lanka Stock Market Declines as Capital Goods Dominate Turnover

    The Colombo Stock Exchange in Sri Lanka experienced a decline on Tuesday, failing to sustain the momentum gained on Monday, primarily due to the influence of banking stocks on turnover. The All Share Price Index decreased by 0.07 percent, equivalent to 17.29 points, closing at 23,882. Meanwhile, the S&P SL20 saw a slight decline of

    Read more

  • World Bank Commits $400 Million to Support Sri Lanka’s Development

    FINANCIAL CHRONICLE – The Sri Lankan cabinet of ministers has approved a proposal to secure $400 million from the World Bank. According to Minister Vijitha Herath, “The World Bank has agreed to provide this funding as part of the Resilience, Stability, and Economic Turnaround (RESET) Development Policy Operation (DPO), a three-year program set for 2026-2028.”

    Read more

DAILY NEW DIGEST

▶︎•၊၊||၊|။|||||။၊|။•

Listen