July 06, Colombo (LNW): Sri Lanka and India are set to establish a joint venture to implement a significant power grid connectivity initiative, Daily Mirror disclosed in a recent report.
The two nations are collaborating on an ambitious undersea transmission line project that will interconnect their power grids.
The plan involves linking Anuradhapura in Sri Lanka with Chennai, the capital of Tamil Nadu in India, through a direct power line.
This project features a 130 km overland transmission line in India, which will connect to an undersea cable emerging at Thiruketheeswaram in Mannar, northeast Sri Lanka, according to report.
Following the completion of the Detailed Project Report (DPR), both countries will proceed with forming the joint venture to manage the project based on a business model.
This initiative aims to harness Sri Lanka’s substantial potential of 200 Gigawatts in wind and solar energy.
The joint venture will also be responsible for securing the necessary funding for the project, the report added.
