MONETABRIEF – Sri Lanka's Ceylex Engineering (Pvt) Ltd with Xingneng Electric Power Construction Co Ltd has won a contract to upgrade a grid substation to accommodate a battery energy storage system, Cabinet spokesman Nalinda Jayatissa.
Components of the contract is priced at 1.27 million US dollars, 2.16 million US dollars and 555.13 million Sri Lanka rupees.
The winner was chosen after calling international competitive bids.
The project is part of an Asian Development Bank funded initiative to strengthen Sri Lanka's electricity grid to absorb more renewable energy. (Colombo/Nov03/2026)