ECONOMYNEXT – Sri Lanka is waiting for the completion of an international tender for a 160MW/640MWh) battery energy storage system (BESS) to ascertain market costs, Energy Minister Kumara Jayakody said.
“When the tender is completed, we will be able to see what the actual price we will get for battery storage,” Minister Jayakody told reporters.
“That is international competitive tender and we will be able to get a good price.”
The Ceylon Electricity Board is offering 45.80 rupees as a feed in tariff ( a calculate tariff with no competitive tender) on a calculated cost for renewable energy stored and delivered during the night peak of 630 to 1030 pm for which thermal fuel and large hydros are used.
Sri Lanka will review the battery price electricity price next year after watching the competitive bid, he said.
“The cost we get when calculate number and what comes practically (from the market) as a price are two things,” he explained.
“We will review that next year after looking at the price. We have to get from investors. They have to get a return. But we also have to get reasonable cost for the people.”
RELATED:
Sri Lanka seeks BOO investors for first 160MW BESS to absorb renewables
Private renewable companies have said in Sri Lanka battery costs are artificially boosted due to import duties.
RELATED:
Sri Lanka solar batteries hit by 46-pct taxes at import, 10-years too short: Developers
In a further complication value added tax is not charged electricity and is therefore not recoverable and become a project cost as an exempt industry. (Colombo/Aug20/2025)
