Korea to fund floating solar plant project



Sri Lanka’s Cabinet of Ministers has granted approval to go ahead with a pilot project to install Floating Solar Panel Power Plants on the surface of Kiriibban Wewa reservoir and Chandrika Wewa reservoir in the Ratnapura District.

Under the Framework Convention on Grant Aid signed between the Republic of Korea and Sri Lanka in 2009, the Minister of Trade, Industry and Energy of the Republic of Korea has agreed to provide a grant amounting 6.83 Billion Korean Won for the implementation of a pilot project to install floating solar panel power plant with 1 MW capacity on the surface of reservoirs.

Korea Institute for Advancement of Technology is acting as the monitoring agency for the pilot project on behalf of the Korean government, said the Department of Government Information.

Accordingly, the Cabinet of Ministers approved the proposal presented by the Minister of Power and Energy to sign the documents between the Korea Institute for Advancement of Technology, the Ministry of Power and Energy and the Department of External Resources to start and implement this pilot project according to the agreement reached.



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