Power & Energy

EditorJanuary 31, 2018
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5min350

Solanra Pvt Ltd has met their target of contributing to the national electricity grid with 1000 kilo watts power within one year using German made Jurawatt solar panels. Solanra commissioned in 2012 is the sole agent in Sri Lanka for Jurawatt solar panels, world’s number one German solar panel for tropical countries and geographical locations with desserts.

Solanra Pvt Ltd recently held a felicitation ceremony at Grand Monarch hotel, Thalawatugoda to appreciate its loyal customers towards the object of adding 1000 kilowatts electricity to the national grid before end of 2017. The event was graced by Solanra Company’s CEO Mr. Kingsley Jayawardene, who is a senior electrical engineer and an experienced consultant in renewable energy for European countries.

Each Jurawatt solar panel installed by the Solanra has a 35 year warranty. These solar panels are the most suited ones for extram climatic and geographical conditions that prevail in Sri Lanka.

Jurawatt solar panels have many unique attributes that other solar panels being used in the country do not have. Its core competency is it has 125 centigrade Maximum Absorb Temperature. Usually in Sri Lanka absorbed solar panels temperature increases above 80 centigrade. Solar panels with the capacity to absorb higher temperature fail in functioning as a result and reduce their lifetime by years.

In addition, the Austrian made Fronius Inverter used with Juarawatt solar panels has the ability to generate power even at a time when there is very little sunlight. It generates power from 6am to 6pm. Thus it is super flex design and perfect answer to irregularly shaped or different roof orientations and  Fronius inverter has WLAN or Ethernet internet connection to monitor remotely..

Jurawatt solar panel also has ‘self-cleaning’ mechanism to clean bird droppings and dust plus the strength to safeguard its components against animals like monkeys that intrude. All components are made in Germany and the frame around the solar panel is made with special Aluminium alloy material with a warranty. In addition Jurawatt panels generate 30 percent more power when compared with common solar panels in the market.

Mr. Shirley Jayawardene, Managing Director, Solanra Pvt Ltd commented, “Jurawatt solar panel sold by our company is the best product for tropical countries and it is already endorsed by our loyal customers and service providers who are being felicitated today”.

He added, “We constantly receive new orders for Jurawatt solar panels due to referrals by our existence customers. They spread the good news about our product amongst their peers. Our CEO, Mr. Kingsley Jayawardene who is the founder of the company is a senior electrical engineer and a senior consultant in renewable energy for European countries, UK ,Germany ,Sweden, India and China. He is an expert in the sphere who knows what product is best for Sri Lanka. Hence our customers could rely on Jurawatt solar panels and they could consider themselves as winners.”

“Common solar panels in the marketplace could absorb only a temperature of 85 centigrade. But in many seasons we experience temperature rising to greater levels. You can experience that by touching the body of a vehicle parked in the hot sun. Hence a solar panel that has the capacity to absorb temperature up to 125 centigrade is the ideal one for the Sri Lankan context. Less powerful solar panels malfunction within a short period of time. There has not been a single complaint by customers on Jurawatt solar panels to date. Jurawatt solar panel generates more power and has the strength to defend itself against any climatic conditions, winds and intruding animals”.


EditorJanuary 26, 2018
Solanra-Lady-J-installment.jpg

5min50

Solanra Pvt Ltd has met their target of contributing to the national electricity grid with 1000 kilo watts power within one year using German made Jurawatt solar panels. Solanra commissioned in 2012 is the sole agent in Sri Lanka for Jurawatt solar panels, world’s number one German solar panel for tropical countries and geographical locations with desserts.

Solanra Pvt Ltd recently held a felicitation ceremony at Grand Monarch hotel, Thalawatugoda to appreciate its loyal customers towards the object of adding 1000 kilowatts electricity to the national grid before end of 2017. The event was graced by Solanra Company’s CEO Mr. Kingsley Jayawardene, who is a senior electrical engineer and an experienced consultant in renewable energy for European countries.

Each Jurawatt solar panel installed by the Solanra has a 35 year warranty. These solar panels are the most suited ones for extram climatic and geographical conditions that prevail in Sri Lanka.

Jurawatt solar panels have many unique attributes that other solar panels being used in the country do not have. Its core competency is it has 125 centigrade Maximum Absorb Temperature. Usually in Sri Lanka absorbed solar panels temperature increases above 80 centigrade. Solar panels with the capacity to absorb higher temperature fail in functioning as a result and reduce their lifetime by years.

In addition, the Austrian made Fronius Inverter used with Juarawatt solar panels has the ability to generate power even at a time when there is very little sunlight. It generates power from 6am to 6pm. Thus it is super flex design and perfect answer to irregularly shaped or different roof orientations and  Fronius inverter has WLAN or Ethernet internet connection to monitor remotely..

Jurawatt solar panel also has ‘self-cleaning’ mechanism to clean bird droppings and dust plus the strength to safeguard its components against animals like monkeys that intrude. All components are made in Germany and the frame around the solar panel is made with special Aluminium alloy material with a warranty. In addition Jurawatt panels generate 30 percent more power when compared with common solar panels in the market.

Mr. Shirley Jayawardene, Managing Director, Solanra Pvt Ltd commented, “Jurawatt solar panel sold by our company is the best product for tropical countries and it is already endorsed by our loyal customers and service providers who are being felicitated today”.

He added, “We constantly receive new orders for Jurawatt solar panels due to referrals by our existence customers. They spread the good news about our product amongst their peers. Our CEO, Mr. Kingsley Jayawardene who is the founder of the company is a senior electrical engineer and a senior consultant in renewable energy for European countries, UK ,Germany ,Sweden, India and China. He is an expert in the sphere who knows what product is best for Sri Lanka. Hence our customers could rely on Jurawatt solar panels and they could consider themselves as winners.”

“Common solar panels in the marketplace could absorb only a temperature of 85 centigrade. But in many seasons we experience temperature rising to greater levels. You can experience that by touching the body of a vehicle parked in the hot sun. Hence a solar panel that has the capacity to absorb temperature up to 125 centigrade is the ideal one for the Sri Lankan context. Less powerful solar panels malfunction within a short period of time. There has not been a single complaint by customers on Jurawatt solar panels to date. Jurawatt solar panel generates more power and has the strength to defend itself against any climatic conditions, winds and intruding animals”.


EditorJanuary 11, 2018
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7min95
First Offloading of a Semi-Submersible Oil Rig in Sri Lanka
 
Hayleys Energy Services, the pioneer in Oil and Gas support services in Sri Lanka, announced that it had successfully completed the offloading of the Semi-Submersible oil rigOlinda Star at the Trincomalee Port Anchorage recently. This deep-water rig is capable of drilling at water depths of up to 3,600 feet and has a drilling depth capacity of up to 24,600 feet.
 
The company was appointed as the exclusive service provider and Sri Lankan representative  for the handling of the rig by the Brazilian Oil and Gas exploration and drilling services company, Queiroz Galvao Oleo Gas S.A.’s (QGOG).
 
The rig was being dry towed from Rio, Brazil to Trincomalee Anchorage, Sri Lanka aboard Dockwise Mighty Servant 1, one of the world’s largest heavy lift carriers. The Trincomalee Port Anchorage was selected for its ideal stable and safe sea conditions for offloading and loading such large Oil Rigs with the much needed deep sea depths, sheltered-calm waters and swing radius. Upon completing the safe and incident free offloading of the Oil Rig Olinda Star, the rig was towed from Trincomalee Port, Sri Lanka to Kakinda, India.
 
QGOG had contracted Hayleys Energy Services (HES) to manage all aspects of this Rig Offloading project in Sri Lanka, where HES had to coordinate and handle the project in close liaison with the Deputy Harbour Master of Trincomalee Port and Port Officials throughout this complex and challenging operation.
 
Speaking about the project, Director and Chief Executive Officer (CEO) of Hayleys Energy Services, Chas Charles said, “Our experts have handled complex rig moves around the world as a 100% Sri Lankan Company since its inception, and it is indeed a noteworthy track record to see yet another safe and smooth rig offload carried out in Sri Lanka adhering to the industry safety standards and delivering timely results.
 
The wide end-to-end service range provided by Hayleys Energy Services as a one-stop-shop, included the provision of three Tugs and supply vessels owned by Sri Lanka Shipping Company (a subsidiary of Hayleys Advantis Limited), coupled with the supply of bunkers & fenders, vessel provisions, crew transfer boats, unlashing/welding & engineering work, hospitality services, emergency response services and project management for the entire operation in Trincomalee.
 
Our team’s knowledge and expertise in the Oil & Gas domain, clearly gives us a distinct edge over the rest in Sri Lanka and has today earned a renowned name for carrying out complex integrated Oil and Gas logistics services and projects with a 24/7 personal commitment to our international clientele. It is indeed a landmark moment for us at HES to successfully conclude yet another incident free rig offload meeting the client’s expectations. We would like to thank QGOG for placing their trust in us and also appreciate the assistance offered by all stakeholders including the Sri Lanka Ports Authority, Sri Lanka Customs, Department of Immigration, Sri Lanka Navy and all other regulatory bodies in making this project a success,” said Ricky Barnett, General Manager of Hayleys Energy Services.
 
Meanwhile the Managing Director of Hayleys Advantis Limited, Ruwan Waidyaratne said, “I would like to commend the Hayleys Energy Services team on the completion of this monumental rig offloading project. This is yet another testament to the ingenuity and tireless efforts of our teams who continue to take on ever more complex projects and deliver beyond clients’ expectations time and time again.
 
QGOG, a subsidiary of QGOG Constellation is a market leading provider of oil and gas drilling and FPSO (Floating Production Storage Offloading) services in Brazil, who is considered as one of the ten largest drilling companies globally, based on drilling rigs in operation. QGOG Constellation is equipped with a premium fleet of Oil Rigs with a proven track record and world class QHSE standards. The modern fleet of QGOG includes ultra-deepwater rigs, deepwater rigs, midwater rigs, onshore rigs and FPSOs.
 
Hayleys Energy Services is a subsidiary of Hayleys Advantis Limited, the transportation and logistics arm of Hayleys PLC. Through the wider logistics offering of Hayleys Advantis Limited, the Group caters to diverse logistics needs of its clientele. The company has provided logistics services for several projects in the Oil & Gas sector both locally and internationally including supply base management services, seismic & metocean surveys, exploratory drilling, rig repairs & servicing, duty free storage of drill rigs & transportation and loading & unloading of rigs.

EditorDecember 8, 2017
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3min79

Colombo, Wednesday 8th November 2017: Alcobronz (Pvt) Limited is a leading Engineering Based Industry which involves Machinery Manufacturing, Importers and Distribution and a fully-owned subsidiary of Nawaloka Holdings (Pvt) Ltd.

Recently Alcobronz (Pvt) Limited was appointed as the sole agent for “FORD” Power Tools, Garage Tools, Hand Tools, Power Tools Accessories, and Vacuum Cleaners   in Sri Lanka. The agreement was signed directly with Ford Motors, Argentina while the Products to be made available in the Sri Lankan Market will be imported from Ford Tools, Dubai. The launch of the Ford Power Tools range took place at the Sri Lanka Wood International Expo which was held in September this year.

The Ford products will be available to customers around the country through Alcobronz’s vast island wide Distribution Network. The extensive product portfolio imported and distributed will include Ford Power Tools, Garage Tools, Ford Hand Tools, Ford LED Lighting. Ford Power Tool Accessories and Ford Vacuum Cleaners.

Speaking on the distribution Chief Executive Officer/Director of Alcobronz (Pvt) Ltd Mr. Chandula Perera noted, “Alcobronz has established a name for itself not only as a premier Woodworking and Metal Working Machinery manufacturer but also for their superior after sales service. The agency with Ford Power Tools which is a globally recognized Brand further cements our position as the Market Leader in the Woodworking Machinery supply and distribution industry in Sri Lanka”

Backed by 43 years of unmatched service, all Ford Power Tools purchased from Alcobronz (Pvt) Ltd will receive a One year service warranty and exceptional After Sales Service in the event of repairs and replacements etc. A Brand New designated Ford Showroom is in progress adjoining the existing Alcobronz Head Office in Colombo and we also have two more Branch Showrooms in Moratuwa and Kelaniya respectively.

One of the key products imported by Alcobronz form China is the range of Power Tools sold under the Brand Name “Powertek”. The product range includes Power Tools, Submersible Pumps, High Pressure Cleaners, Air Compressors and Accessories for both Wood and Metal Industries. All Powertek range will cover 6 months Manufacturer Warranty.

For more information please call on Hot Line 11-7375000 and 0777-578151 or visit www.alcobronz.lk


EditorNovember 28, 2017
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3min70

Mrs. Gunaseeli Jayasoma - Director Operations, JLanka Technologies receiving the Silver Award for the most innovative local product from Eng. (Prof.) Mrs. Niranjanie Ratnayake, President of IESL for the Session 2017/18. Also in the picture are, from left; Hasitha Dinumpura - Electric Engineer, JLanka Technologies, Nalin D. Karunasinghe - Consultant Engineer, JLanka Technologies, Dr. Kamal Laksiri, IESL Vice President for the Session 2016 / 2017 and Prof. Ajith Dolage - Council Member, IESL


EditorNovember 17, 2017
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11min100

With the new “Blue-Green Budget” for 2018, Sri Lanka is taking a leap to the future to ensure that we leave behind a sustainable and environmentally friendly landscape for future generations. Increased levies on large capacity engines, the implementation of a Carbon Tax, a reduction in Electric Vehicle taxes; are some of the few hallmarks of “going green”.

With the significant reduction in EV import duties, it won’t be long before the mass public is swept up in an EV extravaganza. However, before everyone starts buying an electric vehicle, it’s important to understand the infrastructure needs that must be put in place. The infrastructure, especially the charging infrastructure, must be adopted with a well-designed regulatory framework in place. These must take into account public safety, fire hazards, vehicle safety (battery and electronics), while delivering an optimum level of convenience to the public.

One of the benefits of the Electric Vehicle, aside from not having to worry about fuel shortages, is that it chargers like any normal electronic device. You just have to connect a charging cable from your charger to the vehicle. And just like most electrical appliances, different regions have specific standards that must be met, due to the various power supplies; line voltages, electricity limits. As an example, most Japanese appliances run at 110V/60HZ so they are not recommended for the Sri Lankan market, which operates at 240V/50HZ.

Electric Vehicle charging equipment are specified by various plug types, for their respective regions that are delineated by line voltage and/or current rating, called Type 1 through Type 4.

Type 1: Type 1 connectors are found in EVs manufactured for the North American and Japanese markets. These markets have a household supply (normal grid voltage) of 110V-120V.

Some Type 1 vehicles can be charged through a dedicated Charging Equipment that can operate at 230V-240V (from Dual/split phase supply of 120V line) and at 20A (standard high current Sri Lankan households are wired to deliver 15A only). Manufacturers clearly request the vehicle owner to have the unit installed by a certified electrician to ensure that right procedures and codes are followed to avoid dangerous situations from arising. Charging times with Type 1 can take from 4 hours to 21 hours.

Type 2: Type 2 connectors are found in the European Union, Australia, and since of late in Singapore. Type 2 was designed for markets with a national household supply (line voltage) of 230-240V, or 380-440V with three phase connections. Type 2 socket and connector allows for average home charging from 6 hours to 2 hours and also a “semi fast” charging in 1 hour at public locations. These also allow for fast charging with a combined socket (CCS2).

Type 3: Found in some parts of Italy and France but phased out due to Type 2 becoming the EU standard.

Type 4: Also known as DC fast charging, this is commonly found with Type 1 sockets. Type 4 chargers can only be used in public locations due to their high power requirements (from 40kW up to 150kW). These chargers can top up your average EV battery in less than 30 mins so they are quite convenient, but there is a disadvantage; the more times you charge the battery with a fast charger, the shorter your total battery lifespan.

Choosing the right standard: With all these various types, one might wonder what exactly is Sri Lanka’s standard for Electric Vehicles and Charging? At this time, we simply don’t have one. The Public Utilities Commission of Sri Lanka (PUCSL) is currently looking into setting up regulations and standards but the new “Blue-Green” budget has skipped that process all together. It is imperative that the standards are adopted and the commercial as well as private charging equipment deployed are regulated and enforced to meet the standards.

A majority of all-electric vehicles that are found in Sri Lanka are of Japanese origin. Therefore, one may be tempted to set Type 1 as the standard. However, this was designed and adopted for the Japanese and North American markets, having an entirely different grid supply, generally a Type 1 charger should not be plugged into any household outlet in Sri Lanka. Connecting an EV charger without fully knowing what your household supply can lead can lead to extremely hazardous situations. Use of poorly protected outlets and/or extensions codes too can lead to hazardous and dangerous situations.  Shown below are the results of over drawing from lower rated outlet/plugs.

As Type 2 is designed for same line voltage as found in Sri Lanka, it could be adopted as the best standard for this market. It complies with Sri Lanka’s grid, 230V-240V single- phase and 380V-440V three- phase. , EV owners can plug their Type 2 Charging Cable directly into an appropriately rated household outlet without having to worry about the voltage. They can use the same charging socket at public charging stations since Type 2 also allows for semi fast charging. However, the necessary studies must be carried out by the relevant authorities relevant authorities must carry out the necessary studies in order to determine the most appropriate standard for Sri Lanka.

However, if the Type 2 is adopted as the Local Standard, what does it do to 4000+ EVs that are designed for the Japanese market? An interim standard must be adopted until all EVs imported or locally manufactured adhere and comply with a single, uniform standard.  In the interim the government could look into setting up dedicated Type 1/Type 4 2 charging points (that are built to specific codes and regulations) to ensure that Type 1 EV owners are not left out, and slowly shift them to the national EV Standard. Similar approaches have been carried out in Germany and Singapore with the assistance of companies like Bosch who manufacture charging stations designed to comply with regulations in these countries. .

One might wonder why authorized dealers for vehicle manufactures are not selling their all-Electric Vehicles in Sri Lanka? It is primarily due to the lack of any EV/EV Charging regulations and standards. Yes, one manufacturer does sell an EV in Sri Lanka but there’s a catch, that model comes with a small petrol engine that charges the battery up.

An EV owner cannot service or repair an EV at a licensed dealership. Understandably the manufacturer, the authorized dealer, cannot take the responsibility for damages caused to the car or its systems due to consumers that may plug the car to any charger or charging station that does not meet standards required for the vehicle. It is similar to petrol or diesel cars having some minimum threshold for having the correct type of petrol/diesel available for the vehicle at fuel stations, a standard mandated by the regulator and enforced by the authorities concerned.

The Sri Lankan government has taken the right steps to ensure we go full electric by 2040. It is a lofty goal, an achievable one, which will serve the public and the environment well going forward. It is also therefore it is vital to ensure the proper regulations and standards that ensure safety of the consumer and the relating to Electric Vehicles are adopted and enforced. A priority is to adopt regulations governing charging stations that will address consumer safety and Charging are adopted. This article primarily covered the standards that relate to the consumer and its safety and that of the equipment, the standards that must be adopted must also consider the integrity of the grid that can be ensured by having the charging infrastructure meet industry standards for chargers, its electronics and quality. In the absence of correct regulations, we will expose the public to an unwarranted risk.

by Dr. Pasad Kulatunga

The writer is the Chief Technology Officer and Executive Director of Fairway Waste Management. He is also the founding and the Managing Director of Sustainable Alternatives (Pvt) Ltd, a project development company dedicated to deploying sustainable technologies in waste-to-energy  understanding the technologies as well as the societal impact of adopting these technologies.


EditorNovember 5, 2017
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5min158

Game-changing innovation set to revolutionise the construction industry

D.P. Jayasinghe Piling Co. (Pvt) Limited, one of the leading companies in the field of construction, and piling in Sri Lanka, unveiled a game changing innovation for the local construction industrywith the launch of Sri Lanka’s first and only 3000mm diameter drilling rig at a ceremony held at the Waters Edge recently.

The launch, graced by General Manager of BAUER Equipment Malaysia Robert Neukaeuper and Upali Jayasinghe – Chairman/Managing Director of D.P. Jayasinghe Piling Co., and was witnessed by a large number of industry experts, including leading engineers, consultants, as well as top management teams from several private organisations and government institutions related to the construction industry.

Manufactured by BAUER Maschinen Group of Germany, the Bauer BG 39 hydraulic drilling rig is expected to take Sri Lanka’s construction industry to the next level in terms of quality, speed, flexibility and convenience. Powered by a CAT C 15 engine that produces 433 kW a 1,850 rpm, the BG 39 includes a maximum drilling diameter of 3000mm and a maximum drilling depth of 60m. It boasts of 389 kNm torque and is capable of completing pile boring within shorter time periods when compared to the other piling machines available in the country at present. Despite a total weight of 178 tonnes, the BG 39 can be safely transported and assembled in any part of the country within 48 hours.  The new machine will complement the wide range of drilling rigs available at the company that ranges from 600m to 2000m in diameter, all of which are from BAUER Maschinen Group.

Established in 2013, D.P. Jayasinghe Piling Co. offers a highly-personalised service through its dynamic team of expert service personnel that delivers a complete solution to all clients. It has set a benchmark by utilising only technologically-advanced equipment sourced from Sri Lanka’s market leader and German specialists in foundation engineering machinery, BAUER Maschinen Group. D.P. Jayasinghe Piling Co. has successfully completed over 50 pile construction projects to date covering a wide array of projects such as housing developments, apartment complexes, hospitals and many more. Some of the mega piling projects completed by the company since inception include the Mihidupura Housing Project at Edmonton Road – Colombo 05, One Colombo Project for TATA Housing Development at Slave Island, Ayurveda Hospital Building-Stage II – Colombo 08, Apartment Complex at Ward Place, Colombo 07 for Prime Land Residencies and Waste Water Pumping Station Project of Colombo Municipal Council – Wanathamulla, Bambalapitiya and Vystwyke Road.

Commenting on the game-changing innovation, Upali Jayasinghe – Chairman/Managing Director of D.P. Jayasinghe Piling Co. stated, “There are a significant number of large-scale private and public projects being planned for the immediate future across the island as Sri Lanka continues to expand her urban landscapes and country-wide infrastructure. Some of these include projects such as apartment complexes, hospitals, hotels, highways and overhead bridges. Using the BG 39, not only can clients cut down on the time and costs, they are also guaranteed of a superior quality finish. I can confidently say that we are the No.1 in the country when it comes to quality and this new drilling rig will further boost our standing in the local construction industry and enhance our reputation as a company that provides world-class, innovative solutions to our valued clientele.”

D.P. Jayasinghe Piling Co. is a subsidiary of D.P. Jayasinghe Group of Companies, an organisation founded by Deshabandu D.P. Jayasinghe in 1960 as a transport company. Over the years, D.P. Jayasinghe Group of Companies has progressively evolved to become a conglomerate specialising in diverse aspects across multiple industries. The group’s portfolio comprises of transport, heavy machinery, construction, real estate and property, warehouse complex and container yards.


EditorOctober 26, 2017
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4min68

Keeping true to their promise of pioneering renewable energy trends in Sri Lanka, JLanka Technologies unveiled some eagerly anticipated products and technologies at Techno 2017. As Sri Lanka’s leading solar solutions provider, JLanka introduced GoEV – Sri Lanka’s first homegrown smart Electric Vehicle (EV) charging platform, followed by the launch of the internationally acclaimed SolarEdge HD Wave Converter at Techno 2017.

Designed and developed locally by JLanka, the GoEV platform supports the rapidly growing number of EV owners in Sri Lanka with multiple services and benefits. The platform’s features include an online monitoring system, SMS alerts, 24×7 support and much more, with a fully functioning mobile app. Mr. Nalin Karunasinghe, Consultant Engineer at JLanka introduced the platform to the gathering, together with DC fast charging units also manufactured for the first time in Sri Lanka, ideal for high traffic commercial hubs such as Colombo and other major cities across the country.

This was followed by Dr. Sarath Amunugama, Hon. Minister of Special Assignment and Chief Guest of the opening day at Techno 2017, unveiling the SolarEdge HD Wave Converter. Manufactured by SolarEdge Technologies Inc. of Isreal, the extremely lightweight SolarEdge HD Wave Converter uses digital processing to create high definition (HD) sine waves, and uses thin-film capacitors instead of larger electrolycs, resulting in an extremely smaller, cooler, highly reliable and manageable unit easily installed indoors or outdoors. The HD Wave Converter operates at over 99% efficiency, an unmatched statistic across the market.

“Technology and innovation are at the forefront of today’s renewable energy industry,” commented Srinath Dolage, Marketing Manager of JLanka. “To bring about the transformation of renewable energy at the rapid pace which is required today, JLanka is continuously investing in research and innovation, partnering with global leaders in solar power to provide Sri Lanka with the most economic and effective solar solutions available. By introducing the most ultramodern technology such as the GoEV Platform and the SolarEdge HD Wave, JLanka is leading a massive technological transformation across our country.”

The Monitoring Portal for IoT (Internet of Things) was also another major attraction at the JLanka stall. With added focus on energy management and conservation on a global scale, JLanka’s IoT Platform offers an intelligent network infrastructure to consumers, improving operations, safety and security, while also gaining valuable data and insight into managing electrical equipment and energy consumption in organizations across all industries.

“The interest shown by crowds over the 3-day exhibition has been overwhelming,” commented Srinath Dolage, Marketing Manager of JLanka. “Our vision of making solar energy easily accessible to the general public has certainly succeeded, and we are thrilled with the progress the country is making towards becoming a 100% energy self-sufficient nation by rapidly adapting to solar power solutions.”


EditorOctober 25, 2017
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8min102

Wednesday, 25th October 2017, Colombo: A subsidiary of Lanka Ventures – a leading Sri Lankan venture capital company, the LVL Energy Fund is a limited liability company that invests in renewable and thermal power projects across Sri Lanka and beyond. With a diverse portfolio of energy projects spanning across Sri Lanka, Bangladesh and Nepal, the LVL Energy Fund will be the island’s only listed entity that possesses investments in thermal energy, as well as two key renewable energy sources; hydro and wind energy. In an effort to maintain and boost its growth trajectory, the company is currently preparing to launch an IPO, which will enable it to expand and strengthen its position at the forefront of Sri Lanka’s rapidly growing energy industry.

Hailing from solid roots and origins: The LVL Energy Fund was established in June 2006, as a result of its parent company, Lanka Ventures’ decision to venture more aggressively into the energy sector. Having handled power and energy projects since the year 2000, Lanka Ventures incorporated the LVL Energy Fund, with the primary objective of streamlining its investments in the power and energy industry into a single channel. The formation of the LVL Energy Fund enabled Lanka Ventures to further concentrate its efforts within the industry, whilst also putting the company in a stronger position to explore overseas markets with immense potential. With an initial capital of Rs. 300 million, followed by two successful private placements, the LVL Energy Fund kick-started with a solid foundation. Within a short span of time, the company attained significant success and stability, investing in wind and hydro power plants in several locations across Sri Lanka and later investing in thermal projects in Bangladesh.

A stronghold in thermal and renewable energy: The LVL Energy Fund currently invests in hydro, wind and thermal energy projects. Nearly 45% of the company’s investments are tied in thermal projects, whilst 30% and 25% of its investments are in wind and hydro projects respectively. LVL Energy Fund has investments in six operating local hydropower plants in Belihuloya, Aranayake, Ginigathhena, Galle, Norton Bridge and Bogawantalawa. The company also has investments in two operating wind power plants based in Kalpitiya peninsula in Puttalam district. More recently, LVL Energy Fund also invested in two thermal power projects in Rajshahi and Comilla, in Bangladesh.

A remarkable journey and track-record: Due to its wide variety of power plants situated across the country and key locations overseas, LVL Energy Fund will become the only listed establishment with stakes in hydro, wind and thermal energy projects –three key sources of energy for generating electricity. Having identified the seasonality and volatility of hydro and wind power operations, the company adopted a distinct strategy which involved the investment in a diverse range of power plants in various key locations. Whilst most players in the industry experience drastic peaks and troughs in their performance and profitability throughout the year, LVL Energy Fund’s prudent geographical and product diversification strategy has enabled it to sustain a consistent flow of income all year round. Moreover, over the past years, the same diversification strategy has been significantly instrumental in propelling the company towards a leading position in the local power and energy industry.

Ambitious vision and plans for the future: Commenting on the LVL Energy Fund’s outstanding journey thus far, as well as its ambitious vision for the future, Sumith Arangala – CEO, LVL Energy Fund Limited said: “Beginning from a small investment of Rs. 32 million in the sector at Lanka Ventures, LVL Energy Fund has come a long way since its inception. Over the past 11 years, we have gained immense stability and rooted ourselves in various strategic locations across Sri Lanka, and we have successfully tapped into two key overseas markets in Bangladesh and Nepal. The robust diversification strategy that we employ has remained our strong point over the years, and it is the same strategy that has elevated us to the summit of the local energy industry. Following several rounds of fund raising which culminated in a total fund base of nearly Rs. 2,700 million last year, we are now in a better position to explore more prospects and markets. As part of our ongoing efforts to further expand our operations, we will be launching an Initial Public Offering in the coming months. Part of the funds raised from the IPO will be channelled towards investment in three new hydro power projects in Sri Lanka and Nepal. We look forward to successfully growing and expanding LVL Energy Fund in the near future and contributing to the development of Sri Lanka’s power and energy industry as well as the country’s economic growth at large.”

An array of new projects and developments in the pipeline: As part of an ongoing effort to maintain its growth momentum as well as its significant lead in the market, LVL Energy Fund has several new developments and projects in the pipeline. As the potential in the local hydro power market is gradually diminishing, the company will look overseas for investment in hydro power as it has done in the case of the 10 megawatt hydropower project in Nepal that will be funded out of IPO proceeds. To further stabilize its operation, the company is looking to invest in a 100 megawatt thermal power plant in Bangladesh. Furthermore, the company is considering investing in two new wind power projects of 20 megawatts in Jaffna Peninsula. Lastly, as part of its next chapter of diversification, LVL Energy Fund will actively pursue opportunities to add solar power projects also to its portfolio in Sri Lanka.

Generating electricity and power from renewable energy sources instead of relying solely on fossil fuels, offers significant environmental and health benefits to the public and it also supports sustainable economic and industrial growth. Not only are renewable energy sources less taxing on the planet, they emit less pollution and are linked to less health risks. By embracing alternative energy production, industries can grow and thrive in a sustainable manner. Having recognized the potential of the alternative energy sector, the LVL Energy Fund made significant headway in establishing itself as a leading player in the local industry. Following its new development and expansion plans, the company is well poised to become a significant contributor to the regional and global energy industry as well.



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