Signs share sale & purchase agreement to acquire 92.5% of Fairway Waste Management Plant will convert 500 MT of waste to energy daily to generate 10 MW of electricity to the National Grid Sri Lanka’s largest publicly listed power company WindForce Ltd. aims to fast-track the development of the Karadiyana Waste to Energy Power Plant,.
WindForce to develop Karadiyana Waste to Energy Power Plant Daily News (via HT Media Ltd.)
Sri Lanka’s largest publicly listed power company WindForce Ltd. aims to fast-track the development of the Karadiyana Waste to Energy Power Plant, having signed a Share Sale and Purchase agreement with Fairway Holdings (Pvt) Ltd. With this agreement, WindForce acquired a controlling stake of 92.5% stake in Fairway Waste Management (Pvt) Ltd.
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 10 MW of electricity to the National Grid.