The Cabinet nod has been granted to install two floating solar plants as a pilot project with 6.83 billion Korean Won funding from the South Korean government.

The Minister of Power and Energy Kanchana Wijesekera on Monday sought the approval of the Cabinet of Ministers to sign the discussion paper with the Korea Institute for Advancement of Technology and the Department of External Resources to start and implement the pilot project.

Under the Framework Convention on Grant Aid signed between the Republic of Korea and Sri Lanka in 2009, the Minister of Trade, Industry and Energy of the Republic of Korea has agreed to provide a grant amounting 6.83 billion Korean Won for the implementation of a pilot project to install floating solar panel power plants with 1 MW capacity on the surface of Kiriibban Wewa reservoir and Chandrika Wewa reservoirs in the Ratnapura District.

Korea Institute for Advancement of Technology is acting as the monitoring agency for the pilot project on behalf of the South Korean government.

Source – Daily Mirror