Sri Lankan Venture Capital Firm Invests in Wind Power. 10MW Wind Power Plant to be Set up in Kalpitiya Peninsula

28th March 2011, www.lankabusinessonline.com

Sri Lankan venture capital Lanka Ventures said it will invest 384 million rupees through a subsidiary to set up a wind power plant on the island's north-west coast.

A stock exchange filing said LVL Energy Fund (LEF), a fully-owned subsidiary of Lanka Ventures, has signed a deal with LTL Holdings to set up a 10MW wind power generation plant in the Kalpitiya peninsula.

LEF will invest 384 million rupees for an equity stake of 40 percent in the project company named Pawan Danavi, it said.

Related Info :

• Sri Lanka Non Conventional Renewable Energy Contribution to the National Grid was 6.8pct in 2010 with New Projects

• High Potential for Wind Power in Sri Lanka. Five New Plants to be Built. 300MW of Power to be Added

Geo Responsibility Awards by Geocycle Recognise Industries with Best Environmental Management

15th March 2011, www.dailynews.lk

Geocycle Day will be celebrated on March 22 with a series of activities to popularize sustainable waste management amongst industrial community. Geocycle wishes to create awareness and encourage professional waste management among all industrialists in Sri Lanka.

The key event will be ‘Geo Responsibility Award 2011’ held on March 22, at Mihilaka Medura, BMICH from 3.00 to 7.00 pm.

With ‘Geo Responsibility Awards’, Geocycle expects to give recognition to industries that practice best environmental management system amongst industries currently registered with them.

Assessment and evaluation will be carried by an independent Technical Committee comprising of experts representing the Environment Ministry, Central Environmental Authority, Industries and Commerce Ministry, Board of Investments of Sri Lanka, Industrial Technology Institution, National Cleaner Production Centre and Moratuwa University.

These awards and certificates will be issues in collaboration with the Environment Ministry of Sri Lanka, who will also lead the Technical Committee.

Winners will be recognized with gold, silver and bronze awards whilst others will be recognized with merit certificates for their commitment towards professional sustainable waste management.

What make Geocycle’s commitment and service exceptional in professional waste management solutions is its capacity and global expertise in disposing hazardous wastes.

Geocycle commenced providing this invaluable service far back as March 2005 while Geocycle has extended its services to more industries over the years.

Geocycle has disposed 179, 959 metric tonnes of wastes for the last five years. If not, this volume of waste would probably have ended up in land fills, water bodies or burning, causing severe damages to the environment.

Today around 125 organizations from various industries obtain waste management service from Geocycle. Ship and boat building, FMCG products, pharmaceutical, agro-chemical, rubber are to name a few.

Geocycle continues to be the only institution to be official certified for disposing of hazardous waste in Sri Lanka, in addition to ISO 9001, ISO 14001, and OSHAS 18001.

The state-of-the-art analytical laboratory of Geocycle provides analytical reports for conventional and waste derived fuels.

This too is the only laboratory in Sri Lanka of this nature and is probably one of the best laboratories within the region.

Geocycle Analytical Laboratory is certified for 17025 and is listed as a competent laboratory by Central Environmental Authority.

The newly established pre-processing facility at Katunayake Export Processing Zone has helped to extend its services to more industries bringing further convenience.

This facility again is one of the best in the region and the only facility in Sri Lanka to pre-process hazardous wastes, whilst ensuring zero environmental contamination.

Geocycle has the capacity to dispose diverse range of waste in the most environmental friendly way. Non-hazardous waste such as rice husk and saw dust, as well as hazardous waste such as industrial sludge, ink, dyes, mineral oil and oil contaminated wastes, solvent, paints, lacquers, varnish, agro-chemicals, expired pharmaceuticals and PCB, PBB, PCT wastes could be disposed in through this.

Related Info :

• Geocycle – Concepts & Practices of Waste Management

EU-SWITCH-Asia Greening Sri Lanka Hotels Project Help Switch from Oil & Diesel to Biomass for Steam Generation in Hotels

09th March 2011, www.dailynews.lk

The Greening Sri Lanka Hotels Project under the EU-SWITCH-Asia Program is targeted at enhancing the environmental performance of Sri Lankan hotels through improvement of energy, water and waste management systems and reducing cost of operations and increase the market acceptance of Sri Lankan hotels through promoting them as low carbon foot print green hotels.

The European Union funded project, implemented by the Ceylon Chamber of Commerce has already taken the green message to the west coast, the southern and the eastern regions, the Cultural Triangle, the central and hill country and the east.

At present, the project works with 112 registered hotels representing both SMEs and key players in the hospitality industry.

A new project coordinated by the United Nations Development Program (UNDP) and the Environment Ministry will support hotel sector projects to switch from oil and diesel to wood fuel.

The project aims at converting industries currently running on oil, kerosene or diesel to sustainable biomass (harvested wood fuel, wood waste and agricultural waste).

A preliminary meeting was held at the Ceylon Chamber of Commerce premises on February 21 with the hotels registered with the SWITCH-Asia Greening Sri Lanka Hotels Project, to discuss the possibility of converting hotels that currently use diesel for steam generation.

The biomass energy project is funded by the Global Environmental Facility and implemented by the Forest Conservation Department and the Sri Lanka Sustainable Energy Authority in collaboration with the UNDP and the Food and Agriculture Organization of the United Nations (FAO) would consider assisting the interested hotels in replacing conventional fossil fuel based systems to Biomass-based steam generation system.

Related Info :

• Sri lanka's Small & Medium Hotels Could Go Green under SWITCH ASIA Programme