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Daily Financial Times
Sri Lanka s first Waste-to-Energy Power Plant was officially launched in Kerawalapitiya today by Prime Minister Mahinda Rajapaksa. Minister of Power, Dullas Alahapperuma, Governor of the Western Province, Marshal of the Sri Lanka Air Force, Roshan Goonetileke, Mayor of Colombo, Rosy Senanayake, Chairman of Aitken Spence PLC, D.
H.S.
Jayawardena and other dignitaries were also present at the occasion. The Western Power Company (Pvt.
) Ltd, a subsidiary of Aitken Spence PLC, was selected through a competitive bidding process a after the Colombo Municipal Council called bids for the implementation of an environmentally acceptable and sustainable mechanism for the disposal of municipal solid waste. Aitken Spence has since spearheaded the implementation of the project, and its operation is the culmination of years of careful planning and an investment of approx.
Lanka s first Waste-to-Energy Power Plant dailynews.lk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailynews.lk Daily Mail and Mail on Sunday newspapers.
17 February, 2021
The Prime Minister Mahinda Rajapaksa opened the Sri Lanka’s First Waste-To-Energy Power Plant in Kerawalapitiya this evening.
It is expected to recycle solid waste within the Colombo Municipal Area to generate 11.5 mw of power converting 500-700 metric tonnes of municipality waste into electricity.
The USD 100-million project was managed by Western Power Company Pvt. Ltd, a member of Aitken Spence Group.
Sri Lanka s first waste-to-energy power plant launched in Kerawalapitiya menafn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from menafn.com Daily Mail and Mail on Sunday newspapers.
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Aitken Spence achieves 44% growth in 3Q PBT from non-tourism sectors Daily News (via HT Media Ltd.)
Aitken Spence PLC non-tourism multi-industry sectors reported a Profit-Before-Tax (PBT) of Rs. 1.3 Bn in 3Q, a growth of 44% compared to the previous year in the midst of challenging economic conditions. These sectors also reported an EBITDA (Earnings Before Interest Expense, Tax, Depreciation and Amortisation) of Rs. 1.7 Bn compared to Rs. 1.4 Bn of EBITDA recorded during the third quarter of the previous year.
The overall contribution from the non-tourism sectors was notable during the second lockdown period of the country. Companies in the maritime and freight logistics, power, money transfer, elevator agency, printing and packaging, and plantation sectors performed exceptionally well compared to last year with an increase in PBT for the quarter while maintaining positive performance during the nine months ending 31st December 2020.