A three company consortium comprising of Mitsubishi Corporation, J-Power Systems Corporation, a wholly owned subsidiary of Japan’s Sumitomo Electric Industries and Ceylex Engineering of Sri Lanka has been awarded the contract to run overhead electricity transmission cables between the cities of Habarana and Veyangoda, Reuters reported.
The cables will be supplied by Mitsubishi and JPS while Ceylex will be in charge of supply for the remaining equipment as well as installation and construction works. The project is expected to reach completion around October 2019 at a cost of 6 billion yen and is being financed through a yen loan secured by Ceylon Electricity Board (CEB).