LOLC promotes sustainability through renewable energy and reforestation
View(s):The LOLC Group has embarked on several renewable energy initiatives within the organisation as well as on a national scale, with a mission to commit towards a sustainable future, by meeting the needs of the present without compromising the needs of the future generations to meet their own.
Playing a significant role in the foremost economic sectors of the country, the rapidly evolving LOLC Groupp – one of the largest and most diversified conglomerates in Sri Lanka -employs over 5000 staff members in various regions across the island, the group said in a media release.
LOLC has initiated several programmes to increase the awareness and promote the adoption of sustainability amongst the group staff, recently. In line with this, a group wide competition titled ‘Rewarding you for Sustainability’ was implemented with the objective of promoting active involvement of the staff.
The LOLC Group stepped into 2017 with a bold initiative to contribute to the forest cover of Sri Lanka, with a tree planting campaign named, “Ratak Surakinna, Gasak Sitawanna – Plant a tree and Preserve the Country”.
Commenting on LOLC’s ongoing renewable energy efforts, Kapila Jayawardena, LOLC Group Managing Director/CEO said, “As a group, we have taken an aggressive approach on developing and promoting renewable energy sources and reforestation. Our commitment is to create a sustainable environment whereby making an overall impact on the environment we live and operate in”.
On a national context, LOLC ventured into solar power generation when its group company, Sagasolar Power (Private) Ltd recently opened Sri Lanka’s first and largest Utility Scale Solar Power plant in Hambantota. The plant which is the first of its kind initiated by the private sector has the capacity to produce 10 MW of power to the National Grid. With continuous expansion, LOLC also envisages to take its renewable energy initiatives worldwide by introducing it to its Cambodian and Myanmar offices.