Jyoti Structures Limited, as lead partner, together with Hayleys Fentons Limited, has signed a joint venture contract for the construction of the Mannar–Mullikulam 220kV Double Circuit Transmission Line, a key national energy infrastructure project.
The contract marks the inaugural award issued by the newly established National Transmission Network Service Provider (Private) Limited (NTNSP), under the Mullikulam Wind Power Transmission Project. The initiative forms a critical part of Sri Lanka’s expanding renewable energy transmission infrastructure.
The project involves the development of high-voltage transmission facilities designed to evacuate electricity generated from the Mullikulam Wind Power Projects into the national grid. Once completed, the transmission line is expected to strengthen grid reliability, facilitate greater renewable energy integration, and support Sri Lanka’s long-term energy sustainability objectives.
Commenting on the partnership, Amit Dutta stated that the company is proud to collaborate with Hayleys Fentons on this landmark initiative. He highlighted Jyoti Structures’ extensive expertise in high-voltage transmission systems and expressed confidence in delivering a resilient network that supports Sri Lanka’s renewable energy ambitions and sets a regional benchmark for transmission excellence.
Hayleys Fentons Limited Managing Director Hasith Prematillake noted that the project represents strong confidence in Sri Lanka’s energy future. He described the Mannar–Mullikulam transmission line as a critical channel for integrating wind energy from the Northern region into the national grid, adding that the company’s concurrent 50MW wind project in Mannar further strengthens its role in advancing Sri Lanka’s clean energy transition.
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During the year under review, the company’s total asset base expanded significantly to LKR 53.78 billion, compared to LKR 37.11 billion in the previous year, driven by steady growth in its loan portfolio. Interest income rose by 52.6% to LKR 9,114.7 million, while net interest income increased sharply by 88.5% to LKR 4,934.6 million, supported by healthy spreads and expanding business volumes.
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Jyoti Structures and Hayleys Fentons Sign Contract for Mannar–Mullikulam 220kV Transmission Project
