Laugfs Power PLC a fully owned subsidiary of Laugfs Gas PLC announced that it has entered into a joint venture with the Government for a 10MW solar power project with a battery storage system.

“We have entered into a joint venture with the Government for a 10MW solar power project with a battery storage system which will be the first of its kind. We are ready to commence construction soon after the signing of the power purchase agreement,” Chairman of Laugfs Power PLC  Deshabandu W.K.H. Wegapitiya told shareholders in the annual report 2019/20.

“We will also add on another 1.0 MW to the solar project to compensate for the degradation in solar panels,” he added

LAUGFS Power added 2.25 MW to its portfolio during the year with 2MW of ground mount and 0.25MW of roof top solar installations at commercial premises. This takes the company’s total power generating capacity through NCRE to 24.32 MW, making it a leading player in this segment.

Further Wegapitiya noted that they will focus on extending capacity through roof top installations which are relatively easy to accomplish.

“Another 2 MW mini hydro power plant is under construction and is expected to be commissioned in March 2021,” he said and added that wind power projects will be a target area in the year that has commenced to further diversify their portfolio.