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Zero Traffic Deaths? An Interactive Global Map Shows Where
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SLI taking initiative to help raise awareness on road safety
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Sri Lanka’s largest publicly listed power company WindForce Ltd. aims to fast-track the development of the Karadiyana Waste to Energy Power Plant, having signed a share sale and purchase agreement with Fairway Holdings (Pvt) Ltd. With this agreement, WindForce acquires a controlling stake of 92.5% stake in Fairway Waste Management (Pvt) Ltd.
Renowned for introducing breakthrough technology into Sri Lanka’s renewable energy industry, the Karadiyana Plant will reflect that cutting edge prowess with a 400-metric ton per day incinerator plant and a 100-metric ton per day anaerobic digestor, together generating 10MW of electricity to the National Grid.
The plant, located just 15 kilometers from central Colombo, can accommodate a total of 500 metric tons of input daily, which will be a significant contribution to manage the 7,000 metric tons of daily waste being accumulated in Sri Lanka, of which 60% is from the western province alone. Once commissioned, the anaerobic digestion plant
By Hiran H. Senewiratne
Leading real estate company Prime Residencies whose Initial Public Offering (IPO) was oversubscribed recently, has announced the basis of share allotment to the public, stock market analysts said yesterday.
“Prime Residencies’ IPO was intended to issue 187.5 million shares at Rs 10.40 per share to raise Rs 1.95 billion however, it was oversubscribed and 216 million shares were issued to the public. In this backdrop, investors who applied up to 10 million shares would be allotted in full and other prospective shareholders who applied more than 10 million shares would be allotted 14% on top of the 10 million shares.”
“Hence the company would be able to raise Rs 2.25 billion. Amid this development, trading activities at CSE were retarded till 12.00pm as two index heavy companies mainly; Brown Investments and LOLC witnessed some dip in trading, but nevertheless, in the later part of the day buying interest was noted. As a result, market turned positiv
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