Panasian Power enters into a Power Purchase Agreement with CEB

Panasian Power PLC, has entered into a Power Purchase agreement with the Ceylon Electricity Board (CEB) on 28 July 2020, for the sale of electricity from its 3.0 MW Rathganga Hydro Power Plant. The signed agreement is valid till 4 July 2024 and has the provision for an extension up to 4 July 2039. Panasian Power PLC is one of Sri Lanka’s leading suppliers of clean, renewable energy to the country’s national energy grid. Established with support from the Board of Investment in 2002, PAP has been at the forefront of a pioneering effort to transform the island’s energy generation mix onto a path of affordable, sustainable, and reliable energy for all Sri Lankans through the efficient operation of its three Mini-Hydro Power Plants. Its Rathganga Mini Hydropower Project operates with a capacity of 3MW utilizing the water resource from Rathganga stream at Ratthurugala in Ratnapura District. The plant was commissioned on July 05, 2004. Rathganga MHP generates 11.84Gwh of average annual energy.

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