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Vidullanka PLC-Led Consortium Named Lowest-Cost Bidder for LKR 5 Billion Transmission Line Project

  • Vidullanka PLC, in consortium with India’s Skipper Limited, has emerged as the lowest-cost bidder for a 132 kV transmission line project in Sri Lanka, per a market announcement filed with the Colombo Stock Exchange on 22 September 2026.

Project Details

  • Tender reference: CEB/AGM(P)/2024/ICB/NTDND&EIP/P3 Phase (ii)
  • Project title: National Transmission and Distribution Network Development and Efficiency Improvement Project, Package 3 (Phase ii) — construction of 132 kV transmission lines
  • Employer: National Transmission Network Service Provider (NTNSP) / Ceylon Electricity Board (CEB)
  • Funding agency: Japan International Cooperation Agency (JICA)
  • Scope: construction, installation, testing, and commissioning of 132 kV transmission lines and associated works

Commercial Terms

  • Bid value: approximately LKR 5.0 billion (LKR 5,000 million)
  • Implementation period: estimated 18 months from contract commencement
  • Award still conditional on technical evaluation and receipt of a formal Letter of Award (LOA) from CEB
  • Execution structure: Vidullanka PLC to handle local execution and project management, with Skipper Limited as international consortium partner, pending completion of procurement and contractual formalities

Strategic Significance

  • Marks Vidullanka’s formal entry into transmission line construction and high-voltage grid infrastructure
  • Builds on the company’s existing footprint in renewable power generation (hydro, solar, biomass), EPC services, and utility-scale Battery Energy Storage Systems (BESS)
  • If formalized, expected to contribute positively to future revenue and earnings
  • Positions Vidullanka to pursue further transmission infrastructure projects in Sri Lanka

Next Steps

  • Company says it will issue further disclosures once definitive contract agreements are executed

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