NDB facilitates wind power projects
The NDB granted two long-term facilities aggregating Rs. 3.3 billion
to build and commission two wind power projects in Vallimunai and
Puloppalai in the Killnochchi district.
The two projects, Joule Power (Pvt) Limited and Beta Power (Pvt)
Limited were commissioned in December 2014 and are one of the first wind
power projects in the Northern region.
Setting up of the two wind power projects will support economic
development in the northern region, where industrial activity has not
been possible due to the lack of connection to the national power grid
during the conflict.
Chief Executive Officer, NDB Rajendra Theagarajah said, "Both
projects are of national importance and will give the opportunity for
NDB to contribute to the infrastructure development of the country.
With the Sri Lankan economy growing steadily along with revived
economic activities, the demand for energy has increased significantly."
"A reliable source of power is a necessity to re-energise economic
activities in the North and the East. Therefore, we see this pioneering
effort as vital and timely for the nation's economic growth agenda. As a
bank dedicated to national development, we are pleased to contribute
towards this national endeavour."
The Chief Executive Officer, Joule Power and Beta Power, Manjula
Perera said, "The two projects will add approximately 60 GWh green
energy annually to the national grid and also will electrify
approximately 100,000 houses while supporting economic development in
the northern region."
Sri Lanka's energy demand grows at approximately 8% annually. Sri
Lanka traditionally has been dependent on hydro power for energy.
However, in the past decade this has shifted to thermal power. Sri Lanka
is now pursuing wind power as an alternative energy source.