Sri Lanka’s Fairway Waste Management commences Karadiyana Waste Management project
Fairway Waste Management of Sri Lanka has reportedly said it has recommenced the company’s Karadiyana Waste Management project with commercial operations of the plant scheduled to commence in December 2020.
The project recommenced after it was held up nearly a year due to delays in signing the Standardised Power Purchase Agreement (SPPA).
However, after the signing of the SPPA, Fairway Waste Management has moved expeditiously to recommence construction given the criticality of the current waste disposal situation at Karadiyana, where the waste is landfilled.
According to a statement issued by the organization, the company has remobilised the suppliers and contractors from Europe, India and China to recommence the work soon after financial closure.
“The project, which was initiated in October of 2017, exceeded the project milestones, completing the land preparation and piling on schedule. Unfortunately the delay in signing the SPPA prevented financial closure, which disrupted the progress of construction,” the statement has noted.
The cost of initial project work, technology consultancy, site preparation, piling, and engineering design of the plant was borne by Fairway Holdings, as it was determined to meet the strict timelines imposed by the project technical evaluation committee (TEC) appointed by the Government.
The project was vetted and approved by international funding agencies, and it is still the only project under execution that has met strict World Bank guidelines on environmental, social and health impacts for a project of this nature, the statement has further noted.
According to reports, the Karadiyana Waste Management project, that was competitively bid and won by Fairway Holdings, is a hybrid scheme designed for the waste that is specific to the site. It integrates two technologies, an anaerobic digester for high moisture biological waste, and a mass burn incinerator for the mixed waste. Both technologies are well established and commercially proven and the technology mix is considered the most environmentally friendly and sustainable for end of the pipe waste treatment.
The anaerobic digestion system will accept 140 tons per day of source separated organic (SSO) waste and generate as much as 16 million kWh of electricity per year.
OSL take:
The commencement of the Fairway Waste Management project is indicative of the expansion of Sri Lanka’s investment portfolio. The government of Sri Lanka is engaged in several programmes on waste management as well as waste to energy. There are many innovative business opportunities similar to this in the island nation. Therefore, foreign businesses/investors could explore business/investment opportunities in Sri Lanka.
| Article Code : | VBS/AT/06062019/Z_1 |