Hirunews Logo
Electricity+to+be+generated+from+Colombo%27s+waste.
Tuesday, 01 May 2012 - 12:53
Electricity to be generated from Colombo's waste.
12

Shares
1,461

Views

The World Bank’s private-sector financing arm is considering $9 million in debt and equity funding for a project in Sri Lanka that will sell electricity produced from burning municipal waste.

A private company won a 25-year contract to build and operate a 10-megawatt plant in the Western Province, according to a summary of the proposed funding on the International Finance Corp.’s website.

The $29 million project will be able to incinerate as much as 580 metric tons a day of solid municipal waste.

Japanese technology will be used for the project and the electricity will be sold to the Ceylon Electricity Board.

Make a Comment
Make a Comment

DOWNLOAD HIRUNEWS APP ON ANDROID & APPLE