Monday January 21, 2019

IFC to finance Fairway Sri Lanka's waste-to-energy firm

May 18, 2018 13:30 PM GMT+0530 | 0 Comment(s)

IN PROGRESS:  Work under way at Fairway waste management site. Source: Fairway group

ECONOMYNEXT - Washington based International Finance Corporation said it is planning to help finance a 67 million US dollar waste-to-energy project by Sri Lanka's Fairway Holdings group.

IFC will provide a 7 million US dollar loan to the company.

The mass incinerator has the capacity to 500 tonnes of municipal solid waste a day.

It is expected to generate 80 GigaWatt hours (millions of units) of electricity a year.

The facility will process waste from Dehiwala-Mount Lavinia, Moratuwa, Maharagama, Boralesgamuwa, Kesbewa, Piliyandala and Homagama local authorities. (Colombo/May18/2018)


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