The government has decided to hold discussions with Indian authorities to explore possibilities of directly obtaining electricity from India.
India is expected to release the US$ 500 million from its credit line granted to purchase fuel for the island nation soon, Finance sources divulged.
Sri Lanka and India will hold discussions on cross-border energy trade (CBET) between India and Sri Lanka, a high level official of CEB said.
This study builds on several prior analyses that have been conducted on a potential high-voltage direct current transmission link between India and Sri Lanka.
CBET, enabled by a 500-MW high voltage direct current transmission link, could generate annual production cost savings of US$ 180 million and improve power system operations, he disclosed
Generation from relatively expensive natural gas plants in Sri Lanka is displaced by lower cost imports from India, he added.
Meanwhile The Public Utility Commission Chairman said that a definite decision on the power cuts in the country will be taken on Monday 31
In addition, increased flexibility through exports reduces RE curtailment in India’s Southern region by 8.5%, or 400 GWh, annually.
While the ongoing study captures many previously unconsidered intertemporal operational constraints, it does not provide a complete characterization of system operations with a high-voltage direct current interconnection. Additional work should include a dynamic analysis of system stability following interruptions to the direct current interconnection, an AC power flow analysis and consideration of any non-technical barriers to trade which might prevent the optimization of CBET between India and Sri Lanka at 30-minute timescales, he explained