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

Dialog, Axiata Group & Bharti Airtel to merge operations in SL

Published

on

By

Dialog Axiata PLC, Axiata Group Berhad, and Bharti Airtel Limited have signed an agreement to merge their operations in Sri Lanka.

Dialog will acquire Airtel Lanka, with Bharti Airtel receiving ordinary voting shares in Dialog as part of the deal.

The deal has been approved by the Telecommunications Regulatory Commission of Sri Lanka (TRCSL).
The statement issued in this regard is as follows :

Dialog Axiata PLC (“Dialog”), Axiata Group Berhad (“Axiata”) and Bharti Airtel Limited (“Bharti Airtel”) (collectively “the Parties”), signed a Definitive Agreement to combine their operations in Sri Lanka. Under this agreement, Dialog will acquire 100% of the issued shares in Airtel Lanka, in consideration of which Dialog will issue to Bharti Airtel, ordinary voting shares which will amount to 10.355% of the total issued shares of Dialog by way of a share swap. The transaction is subject to the approval of Dialog’s shareholders and is pending the completion of specific conditions outlined in the Share Sale Agreement, including clearance from the Colombo Stock Exchange (CSE) and completion of other applicable legal, corporate and regulatory compliance procedures.

The Telecommunications Regulatory Commission of Sri Lanka (TRCSL) has granted its approval for the proposed merger, underscoring its vision to advance the adoption of telecommunications services across Sri Lanka.

This consolidation will enable the merged entity to garner economies of scale and reduce duplication of infrastructure, achieve synergies in technology and capital expenditure leading to enhanced high speed broadband connectivity, voice and value added services, cost savings and operational efficiencies.

Vivek Sood, Group CEO and Managing Director of Axiata Group Berhad said, “The merger between Dialog and Airtel Lanka is aligned to Axiata’s strategy of market consolidation and resilience. The merger will create value for the shareholders of Dialog Axiata PLC and Axiata Group through achievable synergies. We have the utmost respect for Airtel Lanka and its employees and look forward to working together as we integrate the two companies.”

Commenting, Dr Hans Wijayasuriya, CEO Telecommunications Business and Group Executive Director of Axiata, added “This merger brings together the strengths of two leading telco groups and bodes well for the Growth and Sustainability of Sri Lanka’s flagship Telecom Sector. We look forward to the new frontiers in Customer Experience and innovation the company will deliver to Sri Lankan Consumers and Enterprises.”

Gopal Vittal, MD & CEO Bharti Airtel Limited Said, “We are happy to merge our Sri Lanka operations with Dialog. Given the scale and unique propositions they offer, we are certain that our customers will continue to enjoy cutting edge services on a seamless network.”

“It is a privilege to welcome the team at Airtel Lanka to the Dialog family and together we take a significant step forward in our commitment to delivering superior telecommunications services in Sri Lanka”, remarked Supun Weerasinghe, Director/Group Chief Executive of Dialog Axiata PLC.

“The integration of Dialog and Airtel Lanka operations will unlock new opportunities for innovation and growth, and this will lead to benefit consumers.” Ashish Chandra, Chief Executive Officer, Bharti Airtel Lanka (Private) Limited.

Continue Reading

BIZ

WhatsApp makes it easier to find chats

Published

on

By

WhatsApp is making it easier to find chats by introducing new features, US technology news website ‘The Verge’ has reported. 

Meta is launching new filters that will appear at the top of your chat list: All (the default view), Unread (just messages marked as unread), and Groups (group chats and Community subgroups), it notes.

The filters start rolling out from Tuesday (16) and will become available to all WhatsApp users “in the coming weeks.”

Continue Reading

BIZ

Indigo launches Mumbai-Colombo direct flights

Published

on

By

Indigo has expanded its connectivity to Sri Lanka adding Mumbai-Colombo direct flights from today (12), Airport and Aviation Services (Sri Lanka) (Pvt) Limited said.

Accordingly, Indigo will operate flights three times a week on Tuesdays, Thursdays and Fridays.

At present, Indigo operates to three destinations in India from Colombo (Chennai twice daily, Bengaluru once daily and Hyderabad six days per week). With this new route expansion, this will increase to four destinations, and it will contribute immensely to the development of travel, trade and tourism between Sri Lanka and India. 

With the new addition, Indigo will operate 30 weekly flights to Colombo from four main cities in India.

“AASL recently had successful negotiations with Indigo to commence flight operations between Jaffna and Chennai, India. Accordingly, Indigo will commence direct flight operations between Jaffna and Chennai from June 1, 2024 onwards with daily flight operations. This connectivity will boost travel and trade in the Northern Province, strengthening the cultural and religious bonds between the two nations”, Eng. Athula Galketiya, Chairman of Airport and Aviation Services (Sri Lanka) (Pvt) Limited (AASL) said.

Continue Reading

Trending

Copyright © 2024 Sri Lanka Mirror. All Rights Reserved