Sri Lanka and India are now poised to form a joint venture to execute the power grid connectivity project, Daily Mirror learns.
Sri Lanka and India are working on an undersea transmission line that will link the power grid with that of India.
The proposal is to link Anuradhapura in Sri Lanka and Chennai, the capital of Tamil Nadu state in India through a direct power line. After a 130 km overland transmission line in India, an undersea line (via a submarine cable) will emerge at Thiruketheeswaram in Mannar in northeast Sri Lanka.
Followed by the Detailed Project Report (DPR), the two sides will now work on the formation of the joint venture to execute the project according to a business model.
The project will enable Sri Lanka to realise its 200 Gigawatts potential of wind and solar energy. The proposed joint venture is expected to raise finances for the project.