Werapitiya Hydro Power Plant at Teldeniya to Add 2MW to National Grid. Rs 450 Investment from DSI Samson Group

09th February 2012, www.dailynews.lk, By Hemanthi Guruge

Werapitiya Hydro Power Pvt Ltd, a subsidiary of DSI Samson Group Pvt Ltd had invested Rs 450 million to setup a mini hydro power plant at Theldeniya in Kandy in a bid to supply electricity to the national grid from 2013.

Werapitiya Hydro Power Pvt Ltd Managing Director Ranjith Somasiri told Daily News Business that the mini hydro power plant would have the capacity to generate two megawatts of electricity. The company has already signed an agreement with the Board of Investment to setup a mini hydro power plant and it will provide employment for more than 20 people in the area.

Werapitiya Hydro Power Pvt Ltd has completed 50 percent construction of the mini hydro power plant and commercial operations will commence by the end of this year. Another subsidiary company of DSI Samson Group, Hydro Trust Lanka (Pvt) Ltd had setup its mini hydro plant in Kuda Oya in Aranayake off Mawanella to supply two megawatts to the national grid. The DSI Samson Group ventured into the area of power generation when the Sri Lankan government invited the private sector to invest in mini hydro projects to meet the rising energy demands of the country. There are numerous benefits provided by hydropower over other energy sources.

Related Info :
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• Sri Lankan Engineers Build 18MW Mini Hydro Plant in Uganda

DSI Group with University of Moratuwa Establishes R&D Unit for Rubber Products following PPP Incentives in Last Budget

23rd December, 2010, www.island.lk

DSI Samson Group recently signed an agreement, with University of Moratuwa and Uni-Consultancy Services to jointly establish a Research and Development unit for Rubber based Products and Process development. The event took place at the University of Moratuwa on 16th December 2010.

DSI Samson Group is a well established diversified Sri Lankan conglomerate and a leading manufacturer and exporter of rubber based products.

The company is aiming at developing its research facility base to compete successfully with the competitors in the international market.

"Government of Sri Lanka has given attractive incentives to the private sector to carry out Research & Development projects through recent budget proposals and we are very keen on getting the best out of the opportunity" said Kulathunga Rajapaksa, the managing director of DSI Samson Group.

He further added that rubber based product manufacturing industry contributes to approximately 5% of the total export revenue of Sri Lanka and the competitiveness of the industry can be improved through Public Private Partnership.

Steep increase in rubber prices during the current year has made the Sri Lankan rubber products highly un-competitive in the global market.

Research and development plays a vital role in maintaining the competitiveness of the local rubber products manufacturers in terms of cost reduction and quality improvement.