Connect with us

BIZ

Safe Power International to drive Sri Lanka’s renewable energy cohesive approach

Published

on

Safe Power International Ltd. has sealed a groundbreaking Power Purchase Agreement (PPA) with the Ceylon Electricity Board (CEB) to bring the Alankuda 10MW wind power project to life.

The historical event took place at the CEB headquarters, graced by the presence of esteemed personalities such as CEB Chairman N.S. Illangakoon RWP RSP, CEB Vice Chairman Eng. D.K.P.U. Gunathilake, and the visionary minds from Safe Power International Ltd. – Director Palitha Nugaliyadde, Director Mevan Nugaliyadde, and Project Coordinator Sangaranathan Babeendran.

Located in the breathtaking Kalpitiya Peninsula, adjacent to the sea shoreline near Alankuda and close to Norochcholai, the Alankuda 10MW wind farm aims to harness the abundant wind resources of the region to generate clean and sustainable electricity for the nation.

The signing of the PPA marks a monumental milestone in the partnership between Safe Power International and CEB, solidifying their commitment to advancing Sri Lanka’s renewable energy ambitions. According to the agreement, Safe Power International will supply the electricity generated by the Alankuda wind farm to CEB for an impressive period of 20 years.

Anticipated to be completed within one and a half years, the project will involve the installation of state-of-the-art wind turbines and the development of essential infrastructure, ensuring seamless integration into the national power grid. Upon completion, the wind power plant is projected to generate over 36 GWh (Gigawatt Hours) of clean energy annually, significantly reducing greenhouse gas emissions and the country’s reliance on fossil fuels.

The collaboration between Safe Power International Ltd. and CEB not only underscores their dedication to sustainable development but also highlights the growing importance of renewable energy in Sri Lanka, aligning with the ambitious Climate Prosperity Plan (CPP). Through harnessing the wind’s power, this project aims to diversify the country’s energy mix, promoting a greener and more sustainable future, projected to offset more than 1,160,000 metric tons of CO2 emissions over its lifetime.

Gratitude was expressed by the representatives of Safe Power International to the Ministry of Power, CEB, and Sustainable Energy Authority during the signing ceremony, acknowledging their unwavering support and cooperation throughout the project’s development. The shared vision of these entities is to expedite the adoption of renewable energy technologies, addressing the pressing global challenges posed by the climate emergency.

The Alankuda 10MW wind farm is not only a boon for the environment but also expected to have a positive impact on the local economy. During the construction phase, it will create numerous job opportunities and spur growth in the Kalpitiya area. Moreover, the project will enhance Sri Lanka’s energy security by diversifying its power generation sources.

As Sri Lanka sets its sights on achieving its renewable energy targets, aiming for 70% by 2030, the signing of the PPA for the Alankuda 10MW wind farm represents a remarkable stride forward. The collective efforts invested in realising this project showcase an unwavering commitment to a sustainable and environmentally friendly future for the nation. 

Source – ft.lk

BIZ

CEAT assures job security following Michelin Lanka acquisition

Published

on

By

CEAT OHT Lanka (Pvt) Limited, a wholly owned subsidiary of CEAT Limited, India, has reassured employees that their jobs are secure following the acquisition of the CAMSO brand’s off-highway construction equipment bias tyre and tracks business from Michelin Lanka (Pvt) Ltd.

The holding company, CEAT Ltd. of Mumbai, India, announced in December 2024 that a definitive agreement had been signed for the acquisition. This includes the Midigama plant. the Casting Product Division in Kotugoda and some parts of other divisions providing central services.

To formalize the transition, a tripartite Memorandum of Understanding (MoU) was signed on May 22, 2025, between CEAT OHT Lanka, Michelin Lanka, and the Inter Company Employees Union.

The agreement guarantees 100% job security, preservation of past service, seniority, remuneration, and employee benefits.

However, employees of Michelin Lanka in Midigama, Matara, recently protested claiming that their jobs were at risk due to the sale.

CEAT, operating in over 120 countries, emphasized its commitment to employee welfare and workplace satisfaction, affirming it will honor all obligations under the agreement and actively invest in business growth.

CEAT, listed on the Mumbai Stock Exchange and part of the RPG Group, is a leading manufacturer of tyres for cars, buses, trucks, motorcycles, scooters, and off-highway vehicles.

CEAT had previously acquired Kelani Tyres, a fully state-owned enterprise in 1993, which was considered as a controversial deal facilitated by Ranil Wickremesinghe.

Related News :

Continue Reading

BIZ

All necessary procedures to launch Starlink services in SL competed – Dy. Minister

Published

on

By

The government has completed all necessary procedures to launch Starlink services in Sri Lanka, says Deputy Minister of Digital Economy Eranga Weeraratne.

According to Deputy Minister Weeraratne, once the expected information dashboard is received from Starlink, the service could be launched without any operational delays.

He made this statement while attending a bilateral meeting organized by the Sri Lankan High Commission in Singapore, held alongside the 2025 Tech Summit Asia in Singapore.

The matter was discussed during a meeting between Deputy Minister of Digital Economy Eranga Weeraratne and Ambassador Stephan Lang, the United States’ Coordinator for International Communications and Information Policy at the U.S. Department of State.

During the meeting, several strategic areas were also discussed.

Ambassador Lang emphasized the importance and urgency of these initiatives, describing them as both challenging and essential for Sri Lanka’s digital future. He reiterated the United States’ continued commitment to supporting Sri Lanka in implementing these transformative digital policies and programs.

(adaderana.lk)

(Except for the headline, this story, originally published by adaderana.lk has not been edited by SLM staff)

Continue Reading

BIZ

No change in domestic LP gas prices this month

Published

on

By

Sri Lanka’s 02 main domestic gas suppliers, Litro Gas and Laugfs Gas, have confirmed that there will be no price revision for domestic LP gas cylinders this month.

Both companies stated that gas cylinders will continue to be sold at existing prices.

Continue Reading

Trending

Copyright © 2024 Sri Lanka Mirror. All Rights Reserved