The project, estimated to cost Rs 2,500-3,000 crore (Rs 25-30 billion), is to be jointly implemented with the Ceylon Electricity Board, the largest power company of Sri Lanka.
Globally, transnational undersea power transmission lines have been laid till date only between Britain and France, for transmission of 2,000 Mw of electricity.
PowerGrid has completed the detailed feasibility report; a DFR from the Lankan side is awaited. To expedite, PowerGrid will offer technical assistance to the Sri Lankan government in making one, a senior official from the company told Business Standard.
Earlier, the project was expected to be completed by 2013,
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