Nipuna Rice Mills acquires four star hotel in Polonnaruwa

Ramani Kangaraarachchi

Nipuna Rice Mills in Polonnaruwa has set up the first bio mass power plant using Chaff with the help of the latest state-of-the art Japanese technology.

Nipuna Rice Mills Chairman, Nipuna Gamalath told Daily News Business that this Mega Watt two plant is sufficient to operate their rice mills saving around Rs10 million a month.

The company has taken this measure to minimize the cost of production and now is in the process of going for another expansion with an investment around Rs 200 million. It will take another one- and- a-half- years to install the plant and will be in operation in 2014.

The new plant will produce five mega watts and the company is planning to use it for other purposes which will help to save more energy cost.

Chaff can be used in an environment friendly manner to produce power, saving a huge cost spent on electricity but it is only Nipuna rice mills that make use of Chaff in a profitable manner and other rice mills throw them out in the absence of technology.

Meanwhile, Nipuna Rice Mills recently has acquired the four star hotel, Deer Park in Polonnaruwa with an investment of Rs 800 million. Chairman Gamalth said that the hotel will be upgraded with a conference hall, swimming pool and a new interior in the near future.