TOKYO, Nov 9, 2016 - (ACN Newswire) - A three-company consortium comprised of Mitsubishi Corporation (MC), J-Power Systems Corporation (JPS), a wholly owned subsidiary of Japan's Sumitomo Electric Industries Ltd, and Ceylex Engineering (Pvt.) Ltd. (Ceylex) of Sri Lanka has been awarded the contract to run overhead electricity transmission cables(1) between the cities of Habarana and Veyangoda in Sri Lanka. The cables will be supplied by MC 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 some 6 billion yen and is being financed through a yen loan secured by Ceylon Electricity Board (CEB), Sri Lanka's state-controlled and largest power company.
Energy efficiency in Sri Lanka is currently a matter of concern given the electricity network's aging infrastructure and the rates of electricity loss(2) during transmission, extremely high when compared with other countries in Asia,. The power lines will be installed in an important corridor in the island's power grid, running form the city of Habarana in north central Sri Lanka to Veyangoda on the outskirts of the capital. It is also the first set of low-loss high-capacity cables to be run in Sri Lanka. Developed in Japan, this kind of transmission cables is highly rated, equipped to reduce electricity loss during transmission by about 20-25% per annum, when compared to conventional cables, thereby also contributing to a reduction in CO2 emissions.
Through this project, MC is hoping to make a contribution to Sri Lanka's efforts to secure a stable supply of electricity and to the country's overall economic development. The move is also consistent with Japanese government initiatives aimed at increasing the export of high-quality infrastructure.
(1) Overhead electricity transmission cables are power lines mounted on steel towers and used to transport electrical energy over long distances.
(2) Rate of transmission loss refers to the volume of electricity lost in the process of transmission from point of generation to point of distribution due to resistance in the power lines.
About Ceylon Electricity Board (CEB)
Headquarters: No. 50, Sir Chittampalam A Gardiner Mawatha, Colombo 02, Sri LankaEstablished: 1969Main Business: Power generation, transmission and distributionRepresentative: Mrs. Yamuna Samarasinghe (General Manager)
About J-Power Systems Corporation
Headquarters: 5-1-1 Hidaka-cho, Hitachi-shi, Ibaraki, JapanEstablished: 2001Business Operations: Research, development, design, manufacturing, and export of electric power cables and accessories, overhead power transmission lines, and related systemsRepresentative: Yoshinobu Suzuki, President
About Ceylex Engineering (Pvt.) Ltd.
Headquarters: Parkland, 17th Floor, 33, Park Street, Colombo 2, Sri LankaEstablished: 2016 (name changed from LTL Projects in 1998)Main Business: Engineering, procurement and construction contracting servicesRepresentative: H.D. Chaminda, Chief Executive Officer
About Mitsubishi Corporation
Mitsubishi Corporation (MC; TSE: 8058) is a global integrated business enterprise that develops and operates businesses across virtually every industry including industrial finance, energy, metals, machinery, chemicals, foods, and environmental business. MC's current activities are expanding far beyond its traditional trading operations as its diverse business ranges from natural resources development to investment in retail business, infrastructure, financial products and manufacturing of industrial goods. With over 200 bases of operations in approximately 80 countries worldwide and a network of over 500 group companies, MC employs a multinational workforce of nearly 60,000 people. For more information, please visit www.mitsubishicorp.com.
Source: Mitsubishi Corporation
Contact:
Mitsubishi Corporation Telephone: +81-3-3210-2171 Facsimile: +81-3-5252-7705
Copyright 2016 JCN Newswire . All rights reserved.
