SLPG secures Sri Lanka’s largest rooftop solar project in collaboration with BPTL
Daily FT: Sino Lanka Power Gen (Pvt) Limited (SLPG), an Orbital Energy company and a dynamic player in Sri Lanka’s renewable energy sector, has achieved a ground-breaking milestone by securing the largest rooftop solar project in the country’s history, for Best Pacific Textiles Lanka (Pvt) Limited (BPTL)., one of the world’s leading textile manufacturers, boasting a capacity of 6.3 MWp. This landmark project not only signifies SLPG’s prowess in the industry but also underscores its commitment to sustainability and cutting-edge technological solutions.
BPTL stands out as a comprehensive textile manufacturer, offering diverse products including synthetic fabric and elastic. With a rich legacy of over 20 years in product and process excellence, BPTL has established itself as a joint venture between Best Pacific International Holdings Ltd and Brandix Lanka Limited.
Despite being a relatively young company with a four-year track record, SLPG’s strategic vision and technical expertise have propelled it to the forefront of the renewable energy landscape. The successful bid for this monumental project reflects SLPG’s unwavering dedication to reliability, professionalism, and unparalleled technical knowledge.
Jonah Goh, Director and Chief Executive Officer of BPTL also commented, stating “What I have learned from this collaboration is that Sino Lanka knows how to put their customer first, and that is something very impressive for us to learn. If given a choice to do this exercise again, Sino Lanka would not be my preferred choice, but my first and only choice. I also want to congratulate Sino Lanka, the Best Pacific Engineering Team, and our Special Project Manager, Wing Commander Kosala Ranasinghe (Retd) for getting this project off the ground so quickly, as well as to Hasitha Premarathne MD of Brandix who is our joint partner in the apparel industry.”
Goh added, “The newly installed system will fulfil 40% of the energy needs using a Solar PV system. This initiative empowers Best Pacific to reach their sustainability objectives, reduce carbon emissions in production, and support their portfolio of esteemed clients in achieving carbon neutrality.”
Iroshan Wickramasinghe, Head of Engineering SLPG also shared his thoughts, “As we navigate towards a green and sustainable future, harnessing solar energy has become a must. So, to do this efficiently and safely, we have to look at the system details such as product quality, installation standards, safety features, and adherence to international standards. In keeping up with these factors, we designed a solar PV system best suited for Best Pacific.”
SLPG’s expertise lies in developing rooftop solar PV systems, offering services including Engineering, Procurement, and Construction (EPC), Revenue Share Agreements, and the Build-Own-Operate-Transfer (BOOT) model. With a promising pipeline of over 50MW and a dedicated team of over 50 professionals, SLPG stands out as a reliable partner for large-scale renewable energy projects. The company’s strategic alliances with prominent financing partners such as Commercial Bank, HNB, Sampath Bank, DFCC, and NDB further solidify its financial stability and ability to undertake ambitious projects in the commercial and industrial segments.
Dhiren Kundanmal – Director of SLPG stated, “Today marks a monumental occasion as we gather to celebrate the signing ceremony of Sri Lanka’s largest rooftop solar project to date. It is with great honour and gratitude that I stand before you to express our heartfelt appreciation to everyone who contributed to this achievement and for the trust placed in us to implement this project.”
OSL take:
Sri Lanka’s power industry is a hotspot for business/investment opportunities with the ongoing economic expansion in the country and the growing demand. This demand would see a steady growth in the coming months given Sri Lanka’s target if becoming a business/investment hub in the South Asian region. A majority of the business/investment opportunities in the country’s power industry, especially in the renewable energy generation sector. Sri Lanka’s commitment to increasing the country’s renewable energy generation component to 70% of the total power mix has resulted in the expansion in the renewable energy generation sector. The growing business potential in Sri Lanka’s power industry is evident with the growth and profits recorded by the local renewable energy generation businesses. With Sri Lanka looking at power connectivity with India, Sri Lanka’s power industry will see a massive growth. Given the growing business potential in the renewable energy sector, many foreign businesses have already expressed interest in investing in the sector. Regional giants like Adam Group have already signed agreements for large scale renewable energy generation projects. Foreign businesses/investors could therefore confidently explore the expanding opportunities in the renewable energy generation sector while also looking at forming collaborations with local businesses in order to expand operations.
| Article Code : | VBS/AT/20240404/Z_2 |