Sri Lanka’s CPC looks at incorporating modern standards and processes to transform country’s energy landscape
Chairman of the Ceylon Petroleum Corporation (CPC), Dammika Ranatunga has reportedly said that the Corporation is committed to strengthening the country’s energy security and plan to incorporate modern standards as well as processes to transform Sri Lanka’s energy landscape to one of the best in Asia.
Ranatunga has made this comment in reference to the completion of the overhaul of the Sapugaskanda Oil Refinery.
The CPC’s Sapugaskanda Oil Refinery successfully completed a colossal 35-day overhaul and renovation programme recently. The overhaul programme was aimed at boosting efficiency, reliability and productivity of the refinery.
The 50-year-old facility, which is the only oil refinery in Sri Lanka, refines imported crude oil to supply 30% of the energy demand of the nation, reports state. The scheduled renovation in 2018 is a procedure commissioned every three years and it focuses on maintenance and replacing critical facilities and equipment to operate the refinery at optimum levels.
According to reports, the renovation project had taken place in the three main sections of the plant, namely the Process Plant, Utilities and the Tank Farm.
“We are committed to ensure the country’s future energy needs are met without any interruption. We have adopted a long-term strategy to uplift the quality and productivity of the Sapugaskanda Oil refinery by installing the latest high-end equipment and renovating key facilities this year. It is a very important project for us as on the long run it ensures we supply uninterrupted energy in an efficient and productive manner. Our vision is to build and strengthen our country’s energy security. We plan to incorporate modern standards and processes to transform Sri Lanka’s energy landscape to one of the best in Asia,” Ranatunga has been quoted as saying in the local media.
OSL take:
The move by CPC to explore and implement modern standards as well as processes to transform country’s energy landscape is an ideal investment opportunity in the making for foreign companies engaged in providing latest solutions in the field of energy. Sri Lanka is also looking at setting up a new oil refinery in order to curb the outflow of its foreign reserves. Therefore, interested entities could present their energy solutions to the Sri Lankan government and work to put in place a set up that would address the growing energy needs of the island nation.
Article Code : | VBS/AT/26042018/Z_3 |