- Signature of a share purchase and sale agreement for the acquisition of 92.5% of Fairway Waste Management
- The plant will convert 500 MT of waste into energy per day to generate 10 MW of electricity for the national grid
Sri Lanka’s largest publicly traded electricity company, WindForce Ltd. aims to accelerate the development of the Karadiyana Waste-to-Energy Power Plant, after signing a share purchase and sale agreement with Fairway Holdings (Pvt) Ltd. With this agreement, WindForce acquires a controlling 92.5% stake in Fairway Waste Management (Pvt) Ltd. Recognized for introducing cutting edge technology into Sri Lanka’s renewable energy industry, the Karadiyana plant will reflect this cutting edge feat with a 400 tonne per day incineration plant and a 100 metric tonne incineration plant. ton per day of anaerobic digester, together generating 10 MW of electricity to the national grid.
The plant, located just 15 kilometers from central Colombo, can accommodate a total of 500 metric tons of inputs per day, which will be a significant contribution to handling the 7,000 metric tons of daily waste accumulated in Sri Lanka, including 60% come from the western province alone. Once commissioned, the anaerobic digestion plant will produce biogas from the input of organic waste, while the incineration plant will produce high pressure steam to operate a steam turbine.
Waste management continues to be a major challenge for Sri Lanka, with the accumulation of waste in landfills coming into the spotlight when the 300-foot-high Meethotamulla landfill collapsed in April 2017, killing 32 people and affecting 1,765. Mitigating catastrophic disasters like these is imperative, while keeping the country’s carbon footprint to a minimum. By adding the dynamics of limited space and the value of life into the equation, innovation is the key to managing climate disasters which, in turn, impact humanity.
Waste-to-energy plants will reduce landfills, conserve fossil fuels, and provide sustainable solutions that are not only environmentally friendly, but also be the panacea for the pursuit of life on earth.
WindForce is renowned for bringing cutting edge technology to Sri Lanka’s renewable energy industry, and these factories are well aligned with their sustainability ethic of creating a cleaner and safer Sri Lanka.