Sri Lanka, India’s Petronet LNG sign MoU for power generation

The Sri Lankan government and India’s Petronet LNG Limited have signed a memorandum of understanding (MoU) to develop infrastructure for LNG storage, regasification, and supply for a combined cycle power plant. The agreement with Sri Lanka’s LTL Holdings Limited focuses on the Sobadhanavi Combined Cycle Power Plant in Kerawalapitiya, north of Colombo. 

The initiative would reduce energy costs by up to 50% compared to fuel-based power generation. The project, expected to be implemented within 18 months, will use LNG supplied from Petronet LNG’s Kochi Terminal. Once operational, the 350 MW Sobadhanavi plant will be Sri Lanka’s largest independent power producer and the first to use LNG.