LOLC powers green energy
LOLC, made a sustainable commitment to green energy by completing a
48KW solar system installation in its head office in Rajagiriya.
The grid connected solar system, was commissioned in July 2010.
Containing solar cells made up of 8 arrays with 8 inverters each having
the capacity of 6KW, the solar system can generate electricity leading
to saving 15 percent of current consumption from the national grid per
month. The system was designed, installed and commissioned by Access
Solar Pvt Ltd.
LOLC premises in
With this installation, LOLC has taken further steps to incorporate
environmental sustainability to the business.
Access to information on generation of solar energy will be made
available to employees through the internet portal shortly, in order to
educate them on this significant initiative undertaken by the company
and to also strengthen their environmental consciousness.
LOLC Motors Ltd - a new venture of the LOLC Group has several eco
friendly measures built into its vehicle repair facility.
To minimize use of fresh water, 70 percent of the rain water is
harvested, stored, treated and used. Waste water from the service
section is treated through a micro biological process and about 90
percent is reused. The design of the complex maximizes the use of
natural light, greatly reducing reliance on electricity for lighting.
The Group is conscious of the indirect impact the projects of their
clients have on the environment and conducts an environmental impact
assessment prior to financing any project or industry. With its partner
FMO (The Netherlands Development Company) with whom LOLC has worked
together for more than 15 years, the Company has implemented an
environmental policy which includes environmental assessment as a
mandatory requirement for any project funded by the Company. Training
opportunities have been given to employees in this sphere by FMO.
LOLC also offers credit under the E-Friends II Loans Scheme for any
industry investing towards the prevention of industrial pollution and
The Group Managing Director and Chief Executive Officer Kapila
Jayawardena commenting on the initiation of the solar project said, “We
at LOLC are committed to sustainability integration in our business
operations. Being recognized as an eco-friendly entity is only a by
product of our effort. Throughout the existence of the company LOLC has
been mindful of our business footprint and this latest project aptly
demonstrates our sensitivity to the environment as an important issue on
the current backdrop of climate change.”