NDB funds wind power projects in the Northern Province
View(s):Two wind power projects – Joule Power (Pvt) Ltd and Beta Power (Pvt) Ltd – funded by NDB were successfully commissioned in December 2014 in Vallimunai and Pulopallai in the Kilinochchi district.
NDB said in a statement that it had granted two long term facilities totalling Rs.3.3 billion towards construction and commissioning of these two projects, said to be the first-ever wind power projects in the north afte a 30-year old conflict ended.Commenting on the bank’s involvement, Chief Executive Officer of NDB Rajendra Theagarajah said, “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 North and East. Therefore, we see this pioneering effort as both vital and timely for the nation’s economic growth agenda”.
CEO of Joule Power and Beta Power, Manjula Perera said “these two new projects will add approximately 60 GWh green energy annually to the national grid and will also electrify approximately 100,000 houses while supporting the much needed economic development in the northern region”.
Picture shows the Joule Power (Pvt) Ltd power plant at Pulopallai .