Power company WindForce PLC signed a Share Sale and Purchase agreement with Fairway Holdings (Pvt) Ltd recently to acquire a controlling stake of 92.5 per cent in Fairway Waste Management (Pvt) Ltd.
The Karadiyana Plant will reflect that cutting edge prowess with a 400 metric tonnes per day incinerator plant and a 100 metric tonnes per day anaerobic digestor, together generating 10MW of electricity to the national grid, officials said.
The plant, located just 15 km from central Colombo, can accommodate a total of 500 metric ton of input daily, which will be a significant contribution to manage the 7,000 metric tonnes of daily waste being accumulated in Sri Lanka, of which 60 percent 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. (DEC)
Former Chairman of SriLankan Airlines, Nishantha Wickramasinghe, arrested on allegation of corruption by the Commission to Investigate Allegations of Bribery or Corruption (CIABOC) has been remanded until July 1 by the Colombo Magistrate court.
Deputy Minister of Finance and Economic Stabilization and NPP National List MP Harshana Suriyapperuma who is tipped to be named the next Finance Ministry Secretary resigned from Parliament today.
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