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New hydropower project in N' Eliya

The Ceylon Electricity Board (CEB) will soon commence construction on the Broadland hydropower complex in the Nuwara Eliya district with a total investment of US$ 82 million. The Industrial and Commercial Bank of China Limited (ICBC) funds 90 percent of the total investment while 10 percent will be funded by the People's Bank.
The total capacity of the project is estimated 35 MW and it will also contribute 126 GWH millions annually to the national grid. The Broadland hydro power plant is expected to complete by 2014 as a foreign and local partnership, a CEB spokesman told Daily News Business.
The complex will be built in an environmental friendly manner. This project will be the fourth underground power plant.
The project dam is margined to the Central Province while the underground plant will be in the Sabaragamuwa province. This is also the last power project in the Lakshapana power complex.
There are around 20 families in the area of the project and the CEB has already started a re-settlement program for these families.
Due to the rapid growth in several industries and the accelerated efforts in electrification the growth in a particular year may increase. The demand and supply gap needs to be filled accordingly. The CEB said the growth of electricity demand would increase by 10 percent annually.
Through the Broadland hydropower plant the Government expects to enhance economic growth, poverty reduction and ensure balanced regional development.
With the completion of the project there will be a steady supply and low cost electricity to cater to the increasing demand for electricity.

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