Sri Lankaâ€™s Advantis sees good prospects in project logistics business
ECONOMYNEXT – Advantis Projects, a Sri Lankan project cargo handler that is part of the Hayleys group, says it sees good growth prospects in the power and energy logistics business, given the island’s shift towards renewable energy due to increasing demand for electricity.
While Advantis Projects is also able to draw upon the expertise of foreign consultants, if required, local management of projects ensures costs are contained, a statement said.
The firm owns specialised equipment such as multi-axle trailers with the ability to transport cargo up to 300MT in weight, and handles customs clearance, liaising with relevant organisations to ensure the smooth transportation of cargo, and marine logistics facilities such as vessel chartering and providing barges.
Advantis Projects’ movement of heavy cargo for the power and energy sector included handling of windmill cargo for the renewable energy sector which required ship to shore ground logistics in the north of Sri Lanka to install 16 wind turbines in Pallali.
The firm also handled transportation of four 100 ton diesel engine generators from the Horana industrial zone to Lahore, Pakistan.
Sri Lanka has been experiencing a 4 percent annual increase in electricity consumption led by the domestic and hotel sectors.
Domestic consumption alone accounts for at least 40 percent of the electricity consumed, in contrast with developed nations with only 20 percent domestic consumption, the statement said.
“However, a major hurdle in the construction of power plants in developing countries has been the installation of the large, heavy generators that produce the electricity in a power plant,” the company said.
“The poor infrastructure within the country including narrow road network, low overhead wires and weak bridges can make it difficult to transport oversized cargo.
“Additionally, the lack of skills and logistical expertise in these regions have been a factor that made these projects problematic, if not impossible, in the past.”
(COLOMBO, June 12, 2017)