Ceb Power Purchase Agreement

The SPPA was developed with the help of the World Bank and developed with standardized conditions. All of the energy produced by the facility is purchased by the CEB and there is no penalty for non-delivery of energy from the facility. As part of the government`s commitment to accelerate the development of renewable energy production and integrate the use of unconventional renewable energy into the energy sector, GOSL has approved the joint project of the World Bank and the World Centre for the Environment (GEF) to promote renewable energy for rural economic development (RERED). The RERED project aims to promote the economic development of rural areas and improve the quality of life in rural areas through access to electricity and to increase financial support for mini-hydro projects, with low-cost means. The re-run position for the RERED project is the Department of Finance and Planning. The implementation, coordination and management of projects is within the jurisdiction of the administrative unit set up within the DFCC Bank. Mackwoods Energy has signed an electricity purchase agreement with the Ceylon Electricity Board to connect the Tudugala Mini Hydro project to the National Grid. The facility is currently under construction and will soon be connected to the grid, where the electricity generated will be delivered directly to CEB. Sri Lanka`s publicly traded mini-hydro company Vallibel Power Erathna PLC announced yesterday (22) that it had entered into an electricity purchase agreement with the Ceylan Electricity Board (CEB) on 7 July 2020 for the sale of electricity from the 9.9 MW Erathna hydroelectric power plant. Mackwoods Energy is awaiting final approval of seven other projects by the CEB and intends to provide approximately 6 MW more for Hydro and 1 MW of solar in the near future. Further project proposals have been submitted and an additional 30 MW of electricity is still to be provided to the national grid, subject to the CEB`s approval. Mackwood`s focus on energy is the development of unconventional renewable energy (NCRE) through the use of sustainable renewable energy sources such as hydro, solar, wind, biomass, biogas, hydrokinetic and communal waste conversion, including net measurement, and conducts energy audits for energy savings at the industrial and institutional level.

Mackwoods received the award for being the first company to perform a mini water measurement at the Labookellie Estate Tea Factory in Nuwara Eliya, so it is expected that it will qualify for the Green World Funds. As an energy solutions provider, Mackwoods Energy has successfully undertaken many tasks and is committed to excellence in all areas of activity. For sectors such as telecommunications, shipping, air conditioning and refrigeration, several unconventional solutions for renewable energy have been put in place, with tests on solar generators and solar air conditioners. Mackwoods Energy`s reputation is based on years of providing energy solutions for key industries such as plantations, telecommunications, hotels, hotels, hospitals, educational institutions, condominiums, defence forces, construction, ports, food and pharmaceutical industry, to name a few, and expands a 24-hour x-7 day service to respond quickly to all its customers. Mackwoods Energy is a member of the Mackwoods Group of Companies. Mackwoods was founded in 1841 and is the second oldest in Sri Lanka. Mackwoods Group is a conglomerate of several companies active in the health, agriculture and plantation, industry, manufacturing, ICT and software development, real estate, imports and exports, hospitality and tourism, brokerage, insurance and financial services sectors with more than 170 years of business experience.