Sri Lanka’s Windforce to develop Karadiyana waste to energy plant
Sri Lanka’s WindForce Ltd., which is the country’s largest publicly listed power company, reportedly aims to fast-track the development of the Karadiyana Waste to Energy Power Plant after signing a Share Sale and Purchase agreement with Fairway Holdings (Pvt.) Ltd.
According to reports, through the agreement, WindForce had acquired a controlling stake of 92.5% stake in Fairway Waste Management (Pvt.) Ltd.
Local media reports have stated that renowned for introducing breakthrough technology into Sri Lanka’s renewable energy industry, the Karadiyana Plant will reflect that cutting edge prowess with a 400-metric ton per day incinerator plant and a 100-metric ton per day anaerobic digester, together generating 10MW of electricity to the National Grid.
The plant, located just 15 kilometres from central Colombo, is able to accommodate a total of 500 metric tons of input daily, which will be a significant contribution to manage the 7,000 metric tons of daily waste being accumulated in Sri Lanka, of which 60% is from the Western Province alone.
Once commissioned, the anaerobic digestion plant will produce biogas through the input of organic waste, while the incineration plant will generate high pressure steam to operate a steam turbine, local media reports have further stated.
Waste management continues to be a massive challenge for Sri Lanka and adding the dynamics of limited space and value of life into the equation, innovation is key to managing climate disasters which in turn impact humanity.
Waste to energy plants are to reduce landfills, conserve fossil fuels, and provide sustainable solutions that are not just environmentally friendly, but will also be the panacea for the continuation of life on earth.
OSL take:
Sri Lanka’s renewable energy generation sector has become a hotspot for business/investment opportunities. The government of Sri Lanka is committed to developing the renewable energy sector in order to address the looming power crisis. Sri Lanka’s demand for power is on the increase given that the country is fast becoming a business hub in the South Asian region. The island’s geographical positioning in the Indian ocean and the many trade agreements as well as trade concessions enjoyed by the country have helped Sri Lanka poise itself as a business destination in the region. Foreign businesses/investors could therefore explore business/investment opportunities in Sri Lanka’s power sector, especially the renewable energy generation sector.
| Article Code : | VBS/AT/20210531/Z_1 |