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Shell Renewables Lanka Limited has signed a supplementary agreement with the Board of Investment (BOI) for two years, during which time the company will commit to expanding operations throughout the island and provide solar powered electricity to 12,000 homes.

Under the terms of the agreement, Shell Renewables Lanka Limited (SRLL), will be entitled to undertake to provide solar power electricity to rural areas in several districts, during the two years. These areas include Anuradhapura, Polonnaruwa, Matara, Hambantota, Puttalam and Moneragla.

The signing which took place last week is significant as far as investment in the rural electrification sector is concerned. A key feature of the agreement between the BOI and SRLL, is the latter's commitment to invest Rs. 100 million within the project implementation period.

Country Chairman/Managing Director, Shell Companies in Sri Lanka, Roberto M. Moran and BOI Chairman, Lalith De Mel were present at the signing ceremony. Mr. Moran said that Shell was committed to providing alternative energy sources to difficult to reach rural areas. "Our efforts towards rural energy are part of our commitment to help develop the country particularly in areas which need it most. Some of the more successful areas have been a direct result of support extended by Provincial Councils to provide the financial resources to bring solar power to people."

Shell Renewables Lanka Limited, commenced operations in 1998, after the Shell Company bought Solar Power and Light Company. Since then the company has provided solar power to over 5,000 homes in rural areas in Sri Lanka investing over Rs. 20 million. They operate 13 regional Solar service centres around the island, to supply and install the solar systems.

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