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COLOMBO (News 1st); The Ceylon Electricity Board (CEB) is making strides toward the launch of the Maha Oya Pumped Storage Hydropower Project, Sri Lanka’s first-ever "Water Battery."
This innovative 600 MW project is designed to store excess renewable energy from solar and wind sources, ensuring grid stability and supporting Sri Lanka’s ambitious goal of generating 70% of its electricity from renewables by 2030.
Located in Aranayake and Nawalapitiya, the project will feature two reservoirs connected by a 2.5 km tunnel, functioning as a large-scale energy storage system. By reducing dependence on fossil fuels and lowering carbon emissions, the Maha Oya project will play a pivotal role in Sri Lanka’s transition to sustainable energy.
The CEB aims to secure long-term funding from international agencies to minimize the impact on electricity tariffs while ensuring affordability for consumers.
The Maha Oya project represents a major step toward energy independence, providing grid support for the absorption of renewable energy, fostering economic growth, creating jobs, and promoting environmental sustainability.
The CEB invites all stakeholders to support this initiative and help drive Sri Lanka toward a greener, more resilient energy future, it added in a statement.