Gaia Group to make $ 61 mn investment on solar project
Committed to accelerating the transition to renewable energy to address the future power demand growth in Sri Lanka, Gaia Greenenergy Group recently announced the installation of rooftop solar systems for 100 MW worth an investment of $ 61 million in the Central Province and the North Central Province.
In the second phase of these projects, the capacity and investment would double to 200 MW and $ 122 million, respectively, with the projects to be completed within 18 months.
Accordingly, Gaia Greenenergy Group has entered into two agreements with the Board of Investment (BOI) for these projects. The signing of agreements took place recently at the Investor Facilitation Centre (IFC) of the BOI headquarters in the presence of State Minister of Investment Promotion Dilum Amunugama, BOI Chairman Raja Edirisuriya, and directors of Gaia Greenenergy Group.