Sri Lanka’s Lakdhanavi Wins USD 75 Million Contract to Build 57 MW Power Plant in India
Colombo, November 15, 2026 – Sri Lankan energy company Lakdhanavi Limited has secured a USD 75 million (approximately Rs. 25 billion) contract to construct a 57-megawatt (MW) natural gas-fired power plant in India, marking a major achievement for Sri Lanka’s engineering sector and strengthening economic cooperation between the two countries.
Lakdhanavi, a subsidiary of Sri Lanka’s LTL Group, will develop the power plant at Hope Town, Port Blair, in India’s Andaman and Nicobar Islands.
The contract was awarded by NTPC Vidyut Vyapar Nigam Limited (NVVN), a wholly owned subsidiary of India’s state-owned NTPC Limited, following an international competitive bidding process in which Lakdhanavi emerged as the lowest-priced bidder.
Sri Lankan Company Enters India’s Power Plant Construction Market
The agreement was signed on September 21, 2026, at the NTPC Office Complex in Noida, New Delhi, in the presence of senior representatives from NVVN, Lakdhanavi and LTL Holdings.
The project represents Lakdhanavi’s entry into India’s Engineering, Procurement and Construction (EPC) market.
Under the agreement, Lakdhanavi’s engineering team will be responsible for executing the project, while Finnish technology company Wärtsilä will supply the power-generating equipment.
The new 57 MW natural gas-based power plant is expected to strengthen electricity infrastructure in the Andaman Islands, support long-term energy security through liquefied natural gas (LNG) infrastructure and contribute to future economic development.
Sri Lanka’s Energy Minister Welcomes Major Contract
Sri Lanka’s Minister of Energy, Anura Karunathilake, welcomed the achievement during a meeting with LTL Group management.
The minister highlighted the significance of a Sri Lankan company securing a major infrastructure contract in India’s competitive energy market.
The project also demonstrates the growing potential for Sri Lankan engineering and technical expertise to compete internationally.
Lakdhanavi Expands International Operations
Lakdhanavi Limited, established in Sri Lanka in the late 1990s, has extensive experience in power generation, power plant construction, and operations and maintenance services.
The company has previously undertaken overseas power projects in Bangladesh, Nepal and the Maldives.
LTL Group, one of Sri Lanka’s leading power-sector companies, operates across electricity generation, transmission and distribution.
A Sri Lankan government-owned entity, National Transmission Network System Provider (Pvt) Ltd, holds a 35% stake in LTL Holdings Limited.
Lakdhanavi and LTL Holdings CEO Eng. Nuhuman Marikkar described the contract as a significant milestone for Sri Lankan engineering.
He said the achievement reflected the company’s technical capabilities, the dedication of its engineering team and the confidence placed in its ability to deliver complex international power infrastructure projects.
Strengthening India–Sri Lanka Economic Cooperation
The USD 75 million project highlights an important development in economic relations between India and Sri Lanka.
While bilateral infrastructure cooperation has traditionally involved Indian investment and development assistance in Sri Lanka, this project demonstrates the potential for Sri Lankan companies to secure major infrastructure contracts in India.
The agreement could also create further opportunities for Sri Lankan engineering firms to expand into regional energy and infrastructure markets.
Key Facts: Lakdhanavi’s India Power Plant Project
| Project details | Information |
|---|---|
| Contract value | USD 75 million (Rs. 25 billion) |
| Power generation capacity | 57 MW |
| Technology | Natural gas-fired power generation |
| Sri Lankan contractor | Lakdhanavi Limited |
| Parent group | LTL Group |
| Indian client | NTPC Vidyut Vyapar Nigam Limited (NVVN) |
| Location | Hope Town, Port Blair, Andaman Islands, India |
| Equipment supplier | Wärtsilä, Finland |
| Contract signing date | September 21, 2026 |
Frequently Asked Questions
Which Sri Lankan company won the USD 75 million power plant contract in India?
Lakdhanavi Limited, a member of Sri Lanka’s LTL Group, secured the USD 75 million contract to construct a 57 MW natural gas-fired power plant in India’s Andaman Islands.
Where will the new power plant be built?
The power plant will be constructed at Hope Town, Port Blair, in India’s Andaman and Nicobar Islands.
Who awarded the contract to Lakdhanavi?
The contract was awarded by NTPC Vidyut Vyapar Nigam Limited (NVVN), a wholly owned subsidiary of India’s state-owned NTPC Limited.
What is the significance of this project for Sri Lanka?
The project marks Lakdhanavi’s entry into India’s power plant construction market and demonstrates Sri Lanka’s ability to export engineering expertise and secure major international infrastructure contracts.
