Business
WindForce to develop Karadiyana waste-to-energy plant
Sri Lanka’s largest publicly listed power company WindForce Ltd. aims to fast-track the development of the Karadiyana Waste to Energy Power Plant, having signed a share sale and purchase agreement with Fairway Holdings (Pvt) Ltd. With this agreement, WindForce acquires a controlling stake of 92.5% stake in Fairway Waste Management (Pvt) Ltd.
Renowned for introducing breakthrough technology into Sri Lanka’s renewable energy industry, the Karadiyana Plant will reflect that cutting edge prowess with a 400-metric ton per day incinerator plant and a 100-metric ton per day anaerobic digestor, together generating 10MW of electricity to the National Grid.
The plant, located just 15 kilometers from central Colombo, can accommodate a total of 500 metric tons of input daily, which will be a significant contribution to manage the 7,000 metric tons of daily waste being accumulated in Sri Lanka, of which 60% is from the western province alone. Once commissioned, the anaerobic digestion plant will produce biogas through the input of organic waste, while the incineration plant will generate high pressure steam to operate a steam turbine.