Mitsubishi Corp to supply and install power transmission cables for CEB
View(s):Mitsubishi Corporation (MC), together with J-Power Systems Corporation (subsidiary of Sumitomo Electric Industries, Ltd) and LTL Projects (Pvt) Ltd (LTL) of Sri Lanka, has been awarded a contract by the Ceylon Electricity Board (CEB) for the installation of underground transmission and distribution cables in the Greater Colombo region of Sri Lanka.
MC and JPS will supply the underground transmission cables, while LTL will be in charge of supplying ancillary equipment and installation. The project, which receives some of its financing under a Japanese ODA loan, will cost approximately 7.5 billion yen and is scheduled for completion in May 2018, according to an LTL media release.
Electricity demand in Sri Lanka is expected to see an annual increase of around 7 per cent in the coming years, a reflection of the country’s 7 per cent per annum GDP growth rate. “The Greater Colombo area, the island’s financial centre and capital region, is in a particularly critical situation. Not only is an already insufficient power supply failing to keep up with rapidly increasing demand, but the rate of electricity loss during transmission due to the aging of current transmission infrastructure is also extremely high when compared with other countries in Asia,” the release said.
This project, it said, is therefore considered to be a major step towards addressing an urgent crisis and is viewed as an essential part of the effort to secure a stable supply of electricity to Greater Colombo. Through this project, MC will be seeking to contribute not only to the stable supply of electricity in Sri Lanka, but also to the country’s overall economic growth, while at the same time proactively seeking to expand its involvement in electricity-related businesses across Asia, LTL said.