BoI agreement for Waste Management Plant

The Board of Investment of Sri Lanka signed an agreement with Green Solutions Lanka (Private) Limited.

The agreement with Green Solutions Lanka is for a project to set up an integrated solid waste management plant. Green Solution Investment, Australia, will sponsor the venture.

The solid waste management plant is an investment of US$ 24.3 million and will create employment for an initial workforce of 40. The venture will be located at Wattala. The project will get non bio degradable waste collected by Burns (Pvt) Limited which will be converted to Oil and Gas. The Oil and Gas would be then used to run the turbine that would be used to generate Electricity.

Director of Green Solutions Lanka, Dr. Mahesh Jayaweera said this venture is carried out with the objective providing a solution to the garbage problem and providing electricity. He said that they would generate two megawatts of electricity. The venture would be using a technology called "pyrolysis".

The machinery used for the implementation of the project would be imported from Japan. Dr. Jayaweera further stated that they expect to commence construction of the plant soon and commercial operations are expected to start early next year.