Infrastructure & PPPs in Bangladesh, Nepal, Sri Lanka and Bhutan - Q2 2025 Update
- YOG INFRA
- Jul 22
- 16 min read
YOG INFRA Q2 2025 insights
SOUTH ASIAN countries - Bangladesh, Nepal, Bhutan and Sri Lanka (BNSB) are trying to attract international investors, with some success in certain sectors. Bhutan has signed MoUs with large international investors to develop planning solar and hydropower projects in the country. Bangladesh is seeing some activity in solar and ports sector, with support from DFIs/ multilateral banks. Nepal and Sri Lanka are also seeing developments primarily in the renewable energy sector through technical assistance support and local bank financing.
Read more about key developments in Infrastructure and PPPs in the four countries in our Q2 2025 insight.
BANGLADESH
ECNEC APPROVES USD 1.16 Bn BAY TERMINAL MARINE INFRASTRUCTURE DEVELOPMENT PROJECT
The Executive Committee of the National Economic Council (ECNEC) approved the Bay Terminal Marine Infrastructure Development Project (BTMIDP) in Chattogram, with an estimated cost of BDT 13,525.57 Cr (USD 1.16 Bn).
A total of 16 development projects involving a combined estimated cost of BDT 24,247.24 Cr (approx. USD 2.07 Bn). Of the total, BDT 3,001.34 Cr (USD 256.52 Mn) will come from the government, BDT 16,719.73 Cr (USD 1.43 Bn) as project loans, and BDT 4,526.17 Cr (USD 386.68 Mn) from the concerned organization’s own funds.
Out of the 16 approved projects, 13 are new and three are revised. The Bay Terminal project, pending for a long time, is finally set to begin implementation. With Bangladesh’s growing business activity and geopolitical importance in mind, facilities at Chattogram Port need significant upgrades. Terminal-1 will be developed by an enterprise from Singapore and Terminal-2 by DP World from the UAE under separate MoUs signed with the PPP Authority.
Out of the BDT 13,525.57 Cr (USD 1.16 Bn) project cost, the World Bank will provide BDT 9,333 Cr (USD 797.69 Mn) in loan support. This will help Bangladesh invest in deep seaport infrastructure, enhancing trade competitiveness and reducing import-export costs by improving port operational efficiency and attracting private investment.
The Bay Terminal Marine Infrastructure Development Project includes construction of a 6-km climate-resilient breakwater, dredging of the port basin, entrance, and access channels. The new terminal will accommodate larger vessels, such as Panamax ships, substantially reducing vessel turnaround time. Located in the Anandangar/Sandwip channel, west of Chattogram Port and connected to existing road and rail networks to Dhaka, the Bay Terminal is projected to handle 36% of Bangladesh’s container traffic.
Other approved projects include:
Multi-sector Emergency Response to Rohingya Crisis (2nd revised) – BDT 394.19 Cr (USD 33.67 Mn)
Bangladesh Sustainable Recovery, Emergency Preparedness and Response Project (B-STRONG) – BDT 1,909 Cr (USD 163.22 Mn)
Chattogram Metropolitan Sewerage Project (1st Phase, 1st revised) – BDT 0.01 Cr (USD 8,547)
Livable and Inclusive Cities for All (LICA) – BDT 74.60 Cr (USD 6.38 Mn)
Chattogram Water Supply Development – BDT 3,921.42 Cr (USD 335.09 Mn)
Air Pollution Monitoring Equipment Improvement – BDT 103.35 Cr (USD 8.83 Mn)
B-STRONG: Agricultural System Restoration Component – BDT 260.22 Cr (USD 22.23 Mn)
B-STRONG (BWDB component) – BDT 599.72 Cr (USD 51.26 Mn)
Technical Support for Agricultural Transformation – BDT 53.14 Cr (USD 4.54 Mn)
Green Railway Transport Preparatory Technical Assistance – BDT 93.51 Cr (USD 7.99 Mn)
Drilling Two Deep Exploratory Wells at Titas and Bakhrabad Fields – BDT 798 Cr (USD 68.21 Mn)
Excavation Capacity Strengthening of Geological Survey of Bangladesh – BDT 112.78 Cr (USD 9.64 Mn)
Strengthening Social Protection (SSPIRIT) – BDT 904.17 Cr (USD 77.31 Mn)
Secondary Education Sector Investment Program (4th revised) – No additional cost
Project Preparation Advance under Financial Sector Support Project-II (FSSP-II) – BDT 87.10 Cr (USD 7.45 Mn)
EIB TO PROVIDE EUR 350 MN EURO LOAN FOR RENEWABLE ENERGY PROJECTS
The European Investment Bank (EIB) has committed to providing EUR 350 Mn (USD 378 Mn) in framework loans to support renewable energy projects in Bangladesh. On the sidelines of the 58th Annual Meeting of the Asian Development Bank (ADB), Bangladesh enhanced its cooperation with international financial partners through high-level bilateral meetings.
The EIB, the primary lending institution of the European Union (EU), has been engaged in Bangladesh since 2000 under a framework agreement with the government. To date, it has invested about EUR 635 Mn (USD 685.8 Mn) in six ongoing projects across the health, water supply, transport, and communication sectors.
In addition to the loan commitment, the EU will provide a grant of EUR 45 Mn (USD 48.6 Mn) to support projects aimed at enhancing environmental sustainability and contributing to climate change mitigation and adaptation, aligning with Bangladesh's Sustainable Development Goals (SDGs).
The discussions emphasized the urgent need for greater investment in human capital and infrastructure development, particularly in the context of Bangladesh’s upcoming graduation from Least Developed Country (LDC) status and the need to avoid the middle-income trap. Calls were made for enhanced concessional or subsidized financing in strategic sectors essential to the country's development.
Meetings were also held with representatives of the Japan Bank for International Cooperation (JBIC), a longstanding partner in Bangladesh’s development. Notable JBIC-backed investments include:
DAP-II Fertilizer Plant: USD 715.6 Mn (now fully repaid)
Ghorasal Fertilizer Plant
Meghnaghat Power Plant: USD 265 Mn, co-financed with ADB
ROBI AXIATA TO DEVELOP 100 MW SOLAR PROJECT TO POWER TELCO OPERATIONS IN BANGLADESH
Bangladeshi telecom operator Robi Axiata has signed a Memorandum of Understanding (MoU) with two renewable energy companies to develop a 100 MW solar project to power its operations in the country. The agreement involves Robi Axiata, FloSolar Solutions (a renewable energy project developer), and GreenPower Asia, a subsidiary of France-based Volta Groupe. The parties will form a special-purpose vehicle (SPV) to finance, build, and operate the solar park under a build-own-operate model. Robi will be the exclusive offtaker of the electricity through a long-term corporate power purchase agreement (cPPA).
The initiative supports Robi’s broader sustainability agenda by reducing dependency on fossil fuels and improving cost efficiency. The solar facility is expected to reduce the company’s carbon dioxide (CO₂) emissions by approximately 68,200 tons annually. While the location of the solar park has not been finalized, several sites have been identified. The final site will be chosen following a comprehensive feasibility study.
In addition to the solar park, the SPV will also conduct a feasibility assessment to evaluate the potential for equipping up to 16,000 mobile base stations with solar power systems. Robi has been gradually introducing solar energy to some of its base stations since 2022.
NEPAL
TANAHU HYDROPOWER PROJECT ACHIEVES MAJOR CONSTRUCTION MILESTONE
The first block of concrete for the main dam of the Tanahu Hydropower Project was poured at block 6, located at an elevation of 283 meters. The block, standing one meter high and comprising 300 cubic meters of concrete, marks a key milestone in the project's construction.
The Tanahu Hydropower Project is designed to deliver a stable and sustainable electricity supply to Nepal with an installed capacity of 140 MW. It is intended to meet peak electricity demand during the dry winter season and operate as a load plant during other times of the year. By utilizing hydropower, the project offers a renewable alternative to fossil fuel-based power, contributing to Nepal’s energy security.
Key infrastructure includes a 140-meter high concrete gravity dam with a 215-meter crest length on the Seti River. The dam features a 4-bay gated spillway, sediment flushing structures, and a small power scheme to harness downstream environmental flows. The project will create a 25 km long reservoir with a surface area of 7.26 km² and a gross storage capacity of 295 Mn m³ at a full supply level of EL 415m.
An underground powerhouse will be constructed on the right bank of the Seti River. Additional components include transmission lines, rural electrification, community development in the surrounding areas, and a reform and restructuring plan for the Nepal Electricity Authority.
Project Financing:
Japan International Cooperation Agency (JICA): USD 184 Mn
European Investment Bank (EIB): USD 70 Mn
KfW Bankengruppe: USD 33.55 Mn
Asian Development Bank (ADB): Primary financier
The project represents a significant step toward enhancing Nepal's clean energy capacity and infrastructure.
11 PROJECTS TO START OPERATIONS, 14 TO ENTER CONSTRUCTION
Investment Board Nepal (IBN) has approved its Strategy and Business Plan 2081–86, outlining an ambitious framework for advancing infrastructure development through the public-private partnership (PPP) model over the next four years.
The strategy outlines clear investment targets, institutional reforms, and project milestones aimed at transforming Nepal’s infrastructure sector. According to the plan, 11 projects worth USD 8.95 Bn are targeted for completion by the fiscal year 2085/86 BS (2028/29 AD). Even if all are not completed, the goal is to operationalize at least five projects worth USD 4.7 Bn during this period. By the same timeframe, seven projects valued at USD 2.83 Bn are expected to reach the construction stage. Additionally, 14 projects worth up to USD 5.55 Bn are targeted to reach the final stage of construction.
A major component of the strategy includes preparing 57 new projects, totaling up to USD 24.3 Bn, for feasibility studies. Simultaneously, 52 projects worth USD 23.5 Bn will be taken to the procurement stage, while 42 projects valued at USD 17.95 Bn will enter the negotiation phase for Project Development Agreements (PDAs) and Project Implementation Agreements (PIAs).
The financial management and pre-development phase will include 32 projects with an estimated cost of USD 15.7 Bn. Based on current trends, IBN anticipates approving investments of up to USD 7.45 Bn for 67 private-sector-led projects and USD 3.15 Bn for 25 other projects over the next four years.
To support these initiatives, the Board has proposed a new organizational structure featuring four key directorates:
Planning, Administration, and Financial Management
Public-Private Partnership
Investment Promotion and Facilitation
Project Development and Management
Despite these forward-looking plans, IBN’s historical performance has been modest. Since its inception over 15 years ago, it has approved investments totaling NPR 1,200 Bn (USD 9 Bn) for 38 projects. Gaps remain between past achievements and new strategic targets.
SJVN TO SUPPLY 200 MW POWER TO DVC FROM HYDRO PROJECT IN NEPAL
State-owned SJVN will supply 200 MW of power to Damodar Valley Corporation (DVC) from its 900 MW Arun-III Hydro Electric Project in Nepal. The Arun-III Hydro Electric Project, located in the Sankhuwasabha district of Nepal, is being developed by SJVN through its fully-owned subsidiary, SJVN Arun-3 Power Development Company (SAPDC). Upon commissioning, the project is expected to generate 900 MW of clean energy, contributing to the growing power demand. The project is expected to be commissioned by FY 2027–28.
KOSHI GOVT TO SET UP RS 26 BN GREEN HYDROGEN FERTILIZER PLANT
The Koshi Province government in Nepal has announced the establishment of a chemical fertilizer factory based on green hydrogen, with an estimated investment of NPR 26 Bn (USD 195Mn). The decision was finalized at the conclusion of the Koshi Province Investment Summit 2025.
At the summit, agreements were signed for 46 projects totaling NPR 52.16 Bn (USD 391Mn). The green hydrogen fertilizer plant emerged as the most significant project among them. The factory will be developed under a public-private partnership (PPP) model.
The Koshi Province government also unveiled plans to develop 71 projects worth NPR 130 Bn (USD 974 Mn). These span a range of sectors:
Agriculture: 8 projects
Energy: 3 projects
Industry: 12 projects
Infrastructure: 9 projects
Information Technology: 2 projects
Tourism: 10 projects
Waste Management: 2 projects
Of these, 19 projects will be implemented by the private sector, and 27 through PPP. The fertilizer factory, planned between Udayapur and Sunsari districts, will utilize carbon dioxide emissions from Udayapur Cement in the production process, promoting industrial sustainability. The plant aims to produce 200,000 metric tons of fertilizer annually, significantly contributing to Nepal’s domestic agricultural inputs.
Nepal’s annual fertilizer requirement is around 800,000 metric tons, but the supply typically falls short—often not exceeding 500,000 metric tons—leading to recurring shortages during key planting seasons. A Detailed Project Report (DPR) is expected to be completed within three years, with the facility aiming to enhance food security, reduce import dependency, and cut emissions by leveraging green hydrogen technology.
WORLD BANK APPROVES USD 257 MN TO IMPROVE ELECTRICITY AND IRRIGATION SERVICES
The World Bank’s Board of Executive Directors approved two projects for Nepal, totaling USD 257 Mn, to enhance electricity distribution and improve irrigation services. The Electricity Supply Reliability Improvement Project (USD 120 Mn) will strengthen the electricity distribution network across Koshi, Bagmati, Karnali, and Sudurpashchim provinces. Led by Nepal Electricity Authority, the project includes construction of new substations, upgrades to existing infrastructure, and implementation of an automated real-time monitoring system to improve operational efficiency.
The Modernization of Rani Jamara Kulariya Irrigation Project - Phase 3 (USD 137 Mn) will expand year-round irrigation services and boost agricultural productivity in Kailali district, Sudurpaschim Province. Jointly implemented by the Department of Water Resources and Irrigation and the Department of Agriculture, it aims to provide irrigation to an additional 17,500 hectares, benefiting 160,000 people.
Both projects support sustainable development by promoting reliable electricity from hydropower and integrated agricultural support. They also include capacity-building components to strengthen institutional systems and ensure long-term infrastructure sustainability.
BHUTAN
ADANI GROUP SIGNS PACT WITH BHUTAN'S DRUK GREEN POWER CORPORATION FOR 5,000 MW OF HYDROPOWER PROJECT
The Adani Group and Druk Green Power Corporation (DGPC) of Bhutan have signed a landmark Memorandum of Understanding (MoU) to jointly develop 5,000 MW of hydropower projects in Bhutan. The MoU was signed in Thimphu in the presence of key officials and dignitaries from both sides. As part of this collaboration, Adani will ensure reliable power offtake and integration with India’s commercial power markets, further reinforcing Bhutan’s role in the regional energy trade.
The agreement builds on the existing collaboration around the Wangchhu Hydropower Project, which will generate 570/900 MW of electricity. Under this project, DGPC will hold a 51% stake, while Adani will hold the remaining 49%. The broader 5,000 MW initiative will involve identifying new hydropower and pumped storage projects, preparing Detailed Project Reports (DPRs), and implementing them in phases.
This initiative aligns with Bhutan’s Renewable Energy Roadmap, which aims to achieve an additional 20,000 MW of generation capacity by 2040. The roadmap encourages diversification into solar and geothermal energy and promotes strategic partnerships to attract investment and innovation.
RELIANCE POWER TO DEVELOP BHUTAN’S LARGEST SOLAR POWER PROJECT
Reliance Power Limited, in partnership with Druk Holding and Investments Limited (DHI), will develop Bhutan’s largest solar power project with an installed capacity of 500 MW. The project will be executed through a 50:50 joint venture, marking a significant diversification of Bhutan’s renewable energy mix beyond hydropower and contributing to grid stability and regional energy integration.
The solar project will involve a capital investment of up to INR 2,000 Cr (USD 240 Mn) under the Build-Own-Operate (BOO) model, representing the largest private sector foreign direct investment (FDI) in Bhutan’s solar energy sector to date.
A commercial term sheet has been signed for a long-term Power Purchase Agreement (PPA) with Green Digital Private Limited (GDL), a subsidiary of DHI. The project aligns with Bhutan’s sustainability framework and the broader regional clean energy transition agenda in South Asia and will be implemented in phased tranches over the next 24 months.
This initiative forms part of a larger strategic collaboration between Reliance Enterprises and DHI, established in October 2024, to jointly develop solar and hydropower projects in Bhutan. This includes the 770 MW Chamkharchhu-I hydroelectric project, a run-of-the-river scheme structured under a long-term concession model, aligned with Bhutan’s national energy strategy. Reliance Power’s clean energy portfolio now includes 2.5 GWp of solar and over 2.5 GWh of battery energy storage systems (BESS), making it a leading player in India’s integrated Solar + BESS segment.
RELIANCE POWER EYES OVERSEAS EXPANSION WITH 1,500 MW GAS PROJECT, INKS CLEAN ENERGY DEAL WITH BHUTAN
Reliance Power Ltd is planning to establish a 1,500-MW gas-based power project overseas and is actively participating in international tenders in countries like Kuwait, UAE, and Malaysia, where demand for gas-based power is currently high. The company had earlier imported three 750-MW equipment modules from General Electric (USA) for a gas-based combined cycle project and now plans to deploy the remaining two modules for the new overseas project. This gives Reliance Power a competitive edge, as global suppliers like GE typically require 3–5 years to deliver such equipment.
Reliance Power has partnered with Bhutan Government's Druk Holding & Investments (DHI) to develop a 500-MW solar power project and a 770-MW hydropower project in Bhutan. This marks the largest investment by an Indian private company in Bhutan’s renewable energy sector. Reliance Power expects to earn up to INR 2,000 Cr (USD 240 Mn) through the monetisation of these assets, which would strengthen its financial position.
The company is also scaling up its clean energy portfolio, with a pipeline that includes 2.5 GWp of utility-scale solar projects and over 2.5 GWh of Battery Energy Storage Systems (BESS), underscoring its strategic focus on renewable and clean energy initiatives.
B.GRIMM ENTERS HISTORIC HYDRO POWER VENTURE WITH BHUTAN
B.Grimm Power Plc has signed a Memorandum of Understanding (MoU) with Druk Green Power Corporation Limited (DGPC) to jointly develop hydropower and solar energy projects in Bhutan, making B.Grimm the first foreign company outside India to partner in Bhutan’s hydropower sector.
The agreement, signed in Thimphu, allows both companies to collaborate through special purpose vehicles (SPVs) to explore and develop selected renewable energy projects. DGPC will leverage its local sector expertise, while B.Grimm Power brings its technical and investment experience from across Asia’s clean energy sector. The initial focus will be on developing a 50-MW run-of-the-river hydropower project, with potential expansion to 100 MW. DGPC will retain a 51% equity stake in the project, while B.Grimm Power will hold the remaining 49%.
The partnership aligns with Bhutan’s Power System Master Plan, which has identified 155 potential hydropower sites with a combined estimated generation capacity of 37 GW and design energy output of 154 TWh by 2040. This collaboration is also seen as a symbol of deepening economic cooperation between Bhutan and Thailand, and a step toward unlocking Bhutan’s vast renewable energy potential, especially in the hydropower sector.
EGAT, THAILAND AND BHUTAN EXPAND COOPERATION ON CLEAN ENERGY, MOVING TOWARD REGIONAL SECURITY AND SUSTAINABILITY
EGAT and Bhutan have reaffirmed over two decades of cooperation in clean energy development and knowledge exchange, agreeing to expand collaboration in support of the energy transition. A recent visit to Thimphu in June 2025 focused on strengthening this long-standing partnership and promoting sustainable energy development.
The Joint Working Committee, formed under an existing Memorandum of Understanding (MoU), outlined cooperation in key areas such as transmission systems, high-voltage substation maintenance, renewable energy technologies, and EV charging infrastructure. The partnership also includes exploring joint investments in EV charging stations and hydropower development.
Additionally, EGAT and DGPC signed an extension of their MoU on hydropower cooperation, reinforcing their commitment to knowledge sharing, capacity-building, and personnel exchange. These efforts aim to enhance operational efficiency and ensure long-term energy security for both countries.
SRI LANKA
INDIA, UAE, SRI LANKA SIGN MOU TO DEVELOP TRINCOMALEE AS REGIONAL ENERGY HUB
In a trilateral initiative aimed at boosting regional energy cooperation, India, the United Arab Emirates (UAE), and Sri Lanka signed an agreement to develop the eastern Sri Lankan city of Trincomalee into a multi-faceted energy hub. The MoU was signed during a high-level visit to Colombo and is seen as a strategic step to enhance energy security and infrastructure in the region.
The agreement outlines a comprehensive plan to leverage Trincomalee’s deep-water harbour, historic oil tank farms, and strategic location. Key components include the construction of a multi-product pipeline and potential integration of unused portions of the World War II-era oil storage complex, part of which is currently operated by Lanka IOC, a subsidiary of Indian Oil Corporation.
The MoU sets up a government-to-government framework, with the next phase involving the identification of public and private sector entities from all three countries to begin business-to-business implementation discussions. These entities will be responsible for executing energy infrastructure projects. Sri Lanka stands to benefit significantly through enhanced energy security, more affordable energy supply, and potential revenue generation via energy exports and infrastructure investment.
SRI LANKA KICKS OFF 50 MW SOLAR POWER PROJECT WITH GROUNDBREAKING CEREMONY
A groundbreaking ceremony was held in April 2025, in Sri Lanka's Eastern Province to mark the commencement of a 50 MW solar power project, which has the potential to expand up to 120 MW. This initiative reflects growing regional collaboration in the clean energy sector and forms part of a broader energy cooperation strategy between Sri Lanka and India. The project is being developed by Trincomalee Power Company Limited (TPCL), a joint venture between NTPC Limited of India and Sri Lanka’s Ceylon Electricity Board (CEB), with each partner holding a 50% equity share.
The total estimated investment for the full 120 MW capacity is USD 100 Mn. In the first phase, 50 MW will be developed. For this phase, TPCL has signed both a Power Purchase Agreement (PPA) with the Ceylon Electricity Board and an Implementation Agreement with the Government of Sri Lanka. These agreements outline the terms for project development and operation.
The solar project is expected to contribute meaningfully to Sri Lanka’s renewable energy goals, helping diversify its energy mix and reduce dependence on fossil fuels. The plant is projected to offset approximately 200,000 tonnes of carbon dioxide emissions annually, supporting the country’s environmental and climate commitments.
CEB SIGNS PPA FOR 350MW SAHASDHANAVI COMBINED CYCLE POWER PLANT IN SRI LANKA
Sri Lanka’s Ceylon Electricity Board (CEB) has signed a Power Purchase Agreement for the Sahasdhanavi power plant, a 350 MW combined cycle facility that will operate on regasified liquefied natural gas (R-LNG). Construction is set to begin in 2025, with initial open cycle operations targeted within 30 months and full combined cycle operations expected 12 months later. The plant will be built and operated by Sahasdhanavi Limited, with ownership transferring to CEB after 25 years.
Designed to operate on R-LNG, the plant will provide flexible, on-demand power to stabilize the grid as intermittent solar and wind sources grow. By 2028, Sahasdhanavi and similar facilities will shift from diesel to R-LNG, cutting fuel costs by up to 50% and significantly reducing emissions.
Industries such as glass, tiles, and ceramics are expected to benefit from lower heating costs, potentially reduced by up to 40%. Sahasdhanavi’s combined cycle technology will produce about 37 kilowatt-hours (kWh) per unit of gas, improving overall energy efficiency. This higher output is anticipated to support more affordable electricity tariffs for households, businesses, and manufacturers, while enhancing the country’s energy resilience and sustainability.
INDIA AND SRI LANKA COMMENCES CONSTRUCTION OF FIRST PHASE OF SAMPUR SOLAR POWER PROJECT
The objective of the project is to reduce Sri Lanka’s dependence on hydrocarbon imports by supporting the development of a 120 MW solar photovoltaic (PV) plant in Sampur. The project involves the design, engineering, construction, commissioning, operation, and maintenance of a 120 MW ground-mounted solar PV facility in Sampur, Sri Lanka. It will be implemented in two phases: Phase I with 50 MW capacity, followed by Phase II with 70 MW capacity.
The Ceylon Electricity Board (CEB) and NTPC Limited have formed a joint venture with equal equity participation in Trincomalee Power Company Limited (TPCL), which will serve as the Project Implementing Entity (PIE). The project will be developed on a Build-Own-Operate (BOO) basis. The total estimated cost of the project is USD 144 Mn (LKR 44.6 Bn), covering both phases. It will be financed through a 75:25 debt-to-equity ratio. The equity portion will be equally split between NTPC and CEB.
AIIB will provide a sovereign-backed loan of up to USD 20 Mn (LKR 6.2 Bn) to the Ministry of Finance, Government of Sri Lanka, to fund specific project components such as solar PV modules, key equipment, balance of plant costs, and financing expenses. This support is aligned with CEB’s 50% equity stake in TPCL. The senior debt component will be led by AIIB on a non-sovereign basis, with co-financing expected from the Asian Development Bank (ADB) and other potential lenders.
LANDMARK RENEWABLE ENERGY PROJECT UNDERWAY WITH INDIAN ASSISTANCE
A landmark renewable energy initiative is being implemented on Sri Lanka’s northern islands of Delft, Nainativu, and Analativu, supported by a USD 10.995 Mn (LKR 3.4 Bn) grant from the Government of India.
The project introduces a hybrid renewable energy system that integrates solar, wind, and battery storage technologies, replacing the islands’ dependence on expensive diesel generators. Executed by U-Solar and using wind solutions from Ryse Energy, the initiative aims to provide cleaner, more reliable, and sustainable energy to these remote communities.
In addition to the energy system, the project also features Sri Lanka’s first Hybrid Logistics Solution. This innovation was essential for delivering renewable energy infrastructure to the three islands, each with unique logistical challenges. These included transporting delicate equipment, navigating difficult tidal conditions, and arranging secure offloading at island jetties.
List of key transactions - Bangladesh ,Nepal, Bhutan and Sri Lanka Q2 2025
Source: YOG INFRA analysis
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