Sri Lanka’s Lakdhanavi Secures 57 MW Power Plant Deal in India

Sri Lankan power sector firm Lakdhanavi Limited has won a turnkey contract valued at roughly Rs. 25 billion, or USD 75 million, to build a 57 MW natural gas-fired power facility in India. This major development connects the capabilities of sri lanka to regional infrastructure growth through a competitive international bidding process.

The project will be situated at Hope Town, Port Blair, on Andaman Island. It aims to bolster the local electricity grid, enhance long-term energy security using LNG infrastructure, and promote future economic expansion in the territory. NTPC Vidyut Vyapar Nigam Limited, a fully owned subsidiary of India-based NTPC Limited, managed the bidding process where Lakdhanavi emerged as the lowest-priced bidder.

Formal signatures were exchanged on 21 September 2026 at the NTPC Office Complex in Noida, New Delhi. Officials from NVVN, Lakdhanavi, and LTL Holdings attended the ceremony to review execution plans and explore future collaborations. While Lakdhanavi's engineering team handles project delivery, Finland-based Wärtsilä Corporation will provide the required power-generating machinery.

Lakdhanavi secured a USD 75 million contract to build a 57 MW power plant in India.

Operating as a member of the LTL Group since the late 1990s, Lakdhanavi brings extensive background in thermal and renewable energy generation, operations, and maintenance. Its international portfolio spans across Bangladesh, Nepal, and the Maldives. Anura Karunathilake, Sri Lanka’s Minister of Energy, praised the milestone, highlighting how domestic companies can successfully expand their technical expertise into large international markets.

Eng. Nuhuman Marikkar, Chief Executive Officer of Lakdhanavi Limited and LTL Holdings Limited, noted that the achievement reflects the firm's robust technical capabilities and the trust placed in its capacity to handle complex overseas infrastructure projects. The company stated its intention to work closely with NVVN to ensure smooth project completion.

Why it matters

This agreement serves as a tangible example of bilateral cooperation between India and Sri Lanka. Historically, regional economic ties often featured Indian investments and development initiatives within Sri Lanka. This cross-border contract demonstrates that technical expertise can flow in both directions, allowing Sri Lankan businesses to actively contribute to regional development alongside government-level partnerships.