Sri Lanka’s Ceylon Electricity Board Awards Battery Storage Project to Charisma Energy Services
In a significant move to bolster its energy grid and embrace modern storage solutions, Sri Lanka’s state-owned Ceylon Electricity Board (CEB) has awarded a landmark battery storage project to Charisma Energy Services. The deal marks a crucial step forward in the nation’s efforts to enhance grid stability and manage its power resources more efficiently.
Charisma Energy Services announced that its wholly-owned subsidiary, WKV Hydro Technics Private Limited, received a 15-year Letter of Award (LoA) to build, own, and operate a 10 MW / 40 MWh standalone Battery Energy Storage System (BESS).
Project Scope and Objectives for Sri Lanka battery storage
The project stems from a competitive bidding process initiated by the CEB on July 30, 2025, which invited proposals for installing BESS at selected grid substations across the country. The primary goals of this initiative are to:
- Store Excess Energy: Capture and store surplus electricity generated during periods of low demand.
- Meet Peak Demand: Discharge the stored energy back into the grid during peak consumption hours, reducing the strain on conventional power plants.
- Provide Frequency Regulation: Help maintain the stability and reliability of the national power grid by balancing supply and demand in real-time.
By deploying this advanced energy storage technology, the CEB aims to create a more resilient and flexible electricity network, which is essential for integrating a higher share of intermittent renewable energy sources like solar and wind in the future.
A Strategic Partnership for Energy Modernization in Sri Lanka battery storage
The 15-year agreement entrusts WKV Hydro Technics with the full lifecycle of the project, from construction to long-term operation. While the announcement, made on February 19, 2026, is not expected to have a material financial impact on Charisma Energy for the current fiscal year, it represents a significant strategic entry into Sri Lanka’s evolving energy sector and promises future revenue growth.
This collaboration highlights a growing trend in the region towards adopting battery storage as a key component of national energy infrastructure. As Sri Lanka continues to develop its power sector, projects like this will be vital for ensuring a reliable, cost-effective, and sustainable energy supply for its citizens and economy.
Further details regarding the project’s specific timelines, construction costs, and the exact locations of the grid substations are expected to be released as the project progresses.
