This groundbreaking 600 MW project will store surplus renewable energy from solar and wind sources, ensuring grid stability. The initiative supports Sri Lanka's ambitious target of generating 70 per cent of its electricity from renewable sources by 2030, the CEB announced on Friday. Sri Lanka 's electricity demand is currently met by nine thermal power stations, fifteen large hydroelectric power stations, and fifteen wind farms, with a smaller share from small hydro facilities and other renewables such as solar. Most hydroelectric and thermal/ fossil fuel –based power stations. Energy Park is a concept initially proposed as an alternative strategy to accelerate wind and solar power development in Sri Lanka. Energy Parks function in the form of a public-private partnership. The main purpose of energy parks is to attract investments for renewable energy development at the. The Ceylon Electricity Board (CEB) is preparing to launch the Maha Oya Pumped Storage Hydropower Project, known as Pumped Storage Power Plants (PSPP), its first-ever 'Water Battery', located in Aranayake and Nawalapitiya. It allows for the storage of extra energy generated during sunny or windy periods and uses it later, like at night, on cloudy days, or when the wind isn't blowing.