Power and Energy Services

The renewable energy sector is an emerging local industry with a potential to export engineering expertise and technical know-how. Industry provides complete solutions to harness the power of nature in an environmentally and socially renewable manner. The Sri Lanka power and energy companies have the excellence in developing and operating customized power solutions to the world to become internationally sought-after industry leaders and project partners with operations extending throughout the world. Industry has a clear vision for a renewable green future, harnessing the optimal potential of power plants to generate clean renewable energy at affordable rates, reducing reliance on non-renewable resources. The industry also undertakes Engineering, Procurement and Construction (EPC) contracts and Operations and Management (O & M) services of power plants for other investors offering customized packages of services to investors, helping them build their own Eco-friendly plants.

Sri Lanka is endowed with several forms of renewable energy sources owing to the Island's natural geo-dynamic settings. Biomass, solar, hydro and wind have been identified as the potential sources in this regard that have the greater capabilities to cater to national demand with enhanced technologies and cost-effective solutions. In addition to direct solar energy, hydro, wind and biomass are among the widely used renewable types of energy in Sri Lanka.

Renewable energy resources are an appropriate choice in clean energy generation around the world. Unlike non-renewable energy generation, plants that have a relatively lower capital investment and a substantial operational cost, renewable energy conversion plants have negligible operational costs. Renewable energy production facilities are not subjected to fuel-price fluctuations but change due to environmental conditions to some extent. Hence, renewable energy should be considered to be the ultimate strategy for stabilizing energy prices in the long term. The most reliable renewable energy, except geothermal and tidal energy, comes either directly or indirectly from the sun. Most of the large rivers in the world have been tapped today generating hydro-electricity. Similar technologies were employed in minute scale to tap the potential energy of high mountain streams as small, mini or micro hydropower development. This technology has been widespread in Sri Lanka as a lucrative private sector industry.

Caring For The Environment And Industry Commitment

Fossil fuels are harmful to the environment and are largely responsible for climate change and air pollution. The burning leads to the release of large quantities of carbon dioxide (CO2) which, when released into the atmosphere, trap heat and induce climate change. Therefore, burning of fossil fuels is one of the largest contributing factors of carbon emissions.

Many countries have now embraced renewable energy as a means to preserve what is left and normalize the generation of clean energy. The advantages of wind power, solar power and hydro power are many, but above all else, these sources of energy have become a necessity.

Many countries have now embraced renewable energy as a means to preserve what is left and normalize the generation of clean energy. The advantages of wind power, solar power and hydro power are many, but above all else, these sources of energy have become a necessity. Renewable energy, therefore, is not only the real solution, but is also the mainstay of the future. As the world becomes increasingly aware of climate change and experiences its impacts, the demand for clean, green energy is skyrocketing. The major advantage of renewable energy sources – such as wind, solar and hydro power – is that they do not release pollutants into the air and are replenish able. Therefore, renewable energy automatically becomes the better, more environmentally viable solution to the energy crisis.

In keeping with Goal 13 of the Sustainable Development Goals established by the United Nations in 2015 titled “Climate Action”, many countries in the world have turned their attention to sourcing, funding, developing and encouraging the integration of renewable energy sources.

The world has recognized the worrisome nature of the acceleration of global warming, and the Paris Agreement on climate change stands as a significant moment in the path to embracing renewable energy sources as the way forward. In 2015, 195 states adopted the Agreement, which further holds them accountable towards the eventual if not rapidly approaching shift towards renewable energy sources.

Specifically, in Sri Lanka, the government has announced its plans to meet 70% of the country’s electricity demand using renewable energy sources by 2030. Government has identified that the demand for electricity will only increase with the increasing number of development projects in the future, and that “renewable energy sources must be harnessed as much as possible for future generations to experience a sustainable development”. Therefore, the companies are perfectly positioned to facilitate the increase in demand through their prowess in the industry. Sri Lanka is home to a host of strategically advantageous locations for renewable energy generation with wind corridors with high wind speeds throughout the year and locations where the Annual Global Horizontal Irradiance is highest, which makes the country perfectly viable for renewable energy projects.

1. Energy supply from cleaner sources and technologies will be encouraged to minimize harm to the local and global environment, while taking into consideration both the impacts on the National economy and the long-term environmental benefits.
2. Nationally Determined Contributions (NDCs) to global emission reduction goals will be made to meet the National emission reduction obligations as agreed.

Enhansing The Share Of The Renewable Energy

1. Energy supply from renewable energy resources in the country’s energy mix will be increased to reduce pressure on foreign exchange, as a means of engaging the local community in the energy industry and to attain sustainability.
2. Renewable energy investments for electricity generation will be realized through a competitive scheme to reduce the costs and to facilitate wider investor participation.
3. Research will be conducted to overcome adverse impacts of renewable energy absorption to the power system from intermittent sources such as wind and solar energy by the regulatory Authorities of Sri Lanka.
4. Effective forecasting technologies for wind, solar and rainfall will be introduced so that optimum use of renewable resources could be realised.
5. Energy storage solutions will be encouraged for firming intermittent renewable sources, voltage and frequency regulation, local grid support, peak shaving and improving grid resilience

The Industry Has Led To Foster Growth Through Backward Integration

• The local developers are capable of handling the entire value chain i.e., from identification of project sites, design, procurement, construction, commissioning, operation and Maintenance.
• Experienced local contractors have gained a high reputation on the construction of small Hydro Power Plants especially in the African region.
• The markets have created for local businesses who supply electrical equipment such as Panel Board and mechanical equipment i.e., Turbines, Gates and Trach Rack.
• Construction of Transmission lines and Thermal plants.
• Offers a complete range of power and distribution transformers (industrial, or commercial applications) designed for reliability and durability delivering efficiency in utility.
• Power generation from sources of renewable energy (hydro-, wind, solar, thermal and other power farms)
• Suppliers of clean, renewable energy through the operational excellence of its multiple mini hydro, ground and rooftop solar plants.
• Diversified renewable energy solutions
• Turbines and accessories
• Machine manufacturing