Supporting Feasibility Study and Survey to Adopt LNG Power Generation to Diversify Energy Mix

The proposed feasibility study will identify the optimal Liquefied Natural Gas (LNG) facility for Sri Lanka and the most suitable location for the development of new LNG-fired power plants and its associated facilities. LNG demand is increasing in the country, as well as in Maldives. Developing an LNG terminal in Sri Lanka with sufficient storage and adequate supply could help meet the country's demand, lowering energy costs, and tap into markets in the region, including in neighboring Maldives.

PROJECT DETAILS

Commitment Date

Funding Type

Country

Sector

Status

Total Cost

6 Jun 2019

Technical Assistance

Sri Lanka

Energy

Ongoing

$225,000

KEY OUTPUTS

Completed feasibility study to identify optimal LNG facility and site

Completed site survey and hydrodynamic studies to confirm feasibility study for LNG infrastructure

Assessment of Ceylon Electricity Board's technical and procurement capacity for implementing LNG infrastructure and its associated facilities

FINANCING

$225,000 (Technical Assistance Special Fund)