Green Energy project financing:

DFCC Bank at the forefront

DFCC Bank which is in the forefront of developing the green energy sector in Sri Lanka, recently conducted a capacity building program on ‘Energy Efficiency and Solar Net Metering’ for the corporate sector.

The program, which is one of several on the theme ‘Green Energy’, discussed aspects such as monetary and environmental impact of energy consumption, energy efficiency applications, innovative concepts to achieve energy efficiency and financing options for green energy projects.

Mahendra Jayalath and Sadam Ameer, two professionals in the field of energy auditing, conservation and facilities management in Sri Lanka and overseas shared their knowledge with over 100 participants.

Adding value to the program, solar net metering system vendors presented case studies on net metering and other solar based technologies.

Head of Corporate Banking, Ms Manohari Gunewardena said, “As a development bank we are proud to lead developments in Green Energy and will continue to partner with investors initiating projects in this area”.

The business case for Green Energy is now stronger than ever.

Entrepreneurs are beginning to appreciate the potential and the financial gains possible in this sector.

DFCC Bank has been promoting the sector from 1996 when they supported Sri Lanka’s first ever privately owned, grid connected mini-hydro power plant in Dickoya. Since then DFCC has been the forerunner in leading financing and developments in this sector.

The ground breaking cash flow based repayment system which was lobbied by DFCC was a game changer in the way Green Energy projects were being looked at by investors.