President Anura Kumara Dissanayake has announced plans to generate approximately 500 MW of electricity through floating solar power projects at 10 selected reservoirs across the country.
Delivering the 2027 Budget Speech in Parliament today, the President said the projects would involve installing floating solar panels across 10 per cent or less of the water surface of the selected reservoirs.
The reservoirs identified for the projects include Randenigala, Deduru Oya, Ridiyagama, Ambalan Oya, Castlereigh, Chandrika Wewa and Kiri Ibban Ara.
The projects will be implemented by both the Government and the private sector, with steps to be taken in January 2027 to call for investment proposals from private investors.
The initiative is aimed at expanding renewable energy generation and strengthening the country's energy security.
Meanwhile, the President announced that Sri Lanka expects to increase its installed renewable energy capacity to 69 per cent by 2029, from the current level of approximately 62 per cent.
The Government also plans to add 370 MW of new wind power capacity to the national grid by 2029, including 50 MW in 2027.
