Daily News Online
   

Saturday, 11 December 2010

Home

 | SHARE MARKET  | EXCHANGE RATE  | TRADING  | OTHER PUBLICATIONS   | ARCHIVES | 

dailynews
 ONLINE


OTHER PUBLICATIONS


OTHER LINKS

Marriage Proposals
Classified
Government Gazette

Bio-mass energy for national grid

Mega Ten invests US $ 15 m in new station:

Mega Ten Bioenergy will start its production of biomass energy from Gliricidia fuel wood by 2011 end and the production will contribute to the national grid with 10 megawatts.


Mega Ten Bioenergy Director Jinawara Dharmawardana, Electricity and Energy Minister Patali Champika Ranawaka and FUDEICO Chairman Dr. Xu Xing Zhong at the inauguration. Picture by Sumanachandra Ariyawansa

Shenzhen Full Dimension Sustainable Energy Investment Co Ltd of China (FUDEICO) together with IMS Holdings will invest US $ 15.23 million in this Gliricidia Sepium Biomass Power Station in Kumbukana in Moneragala district, Mega Ten Bioenergy Director Jinawara Dharmawardana said. The agreement for the joint venture investment was signed yesterday. Shenzhen Full Dimension Sustainable Energy Investment of China (FUDEICO) has invested 70 percent while IMS Holdings will invest the rest.

The construction of the power station will start in February 2011 and it could generate 60 direct job opportunities while there will be 100 indirect job opportunities in transporting and cultivating Gliricidia wood. “We have already obtained a 10 hectare plot of land on long lease from the Janatha Estates Development Board in Moneragala.”

The plant is in the full capacity of 12 megawatts while two megawatts will be utilised for factory use,” he said. IMS Holdings (Pvt) Ltd are currently negotiating to start a similar biomass production plant in Ridimaliyadda,Bibile with a capacity for 25 megawatts. IMS Holdings has signed a Standard Power Purchasing Agreement with Ceylon Electricity Board to sell a unit at Rs 18.56 for 20 years to the national grid.

The Gliricidia Sepium Biomass Power Station is the first biomass power station of the kind and has realized that there are possibilities of using sugarcane wastage as a biomass crop. The Government will introduce the use of natural gas to meet energy needs of Sri Lanka.

EMAIL |   PRINTABLE VIEW | FEEDBACK

TENDER NOTICE - WEB OFFSET NEWSPRINT - ANCL
www.lanka.info
Telecommunications Regulatory Commission of Sri Lanka (TRCSL)
www.news.lk
www.defence.lk
Donate Now | defence.lk
www.apiwenuwenapi.co.uk
LANKAPUVATH - National News Agency of Sri Lanka
www.army.lk

| News | Editorial | Business | Features | Political | Security | Sport | World | Letters | Obituaries |

Produced by Lake House Copyright © 2010 The Associated Newspapers of Ceylon Ltd.

Comments and suggestions to : Web Editor