Electricity to be Generated from Colombo's Waste
The World Bank’s private-sector financing arm is considering $9 million in debt and equity funding for a project in Sri Lanka that will sell electricity produced from burning municipal waste.A private company won a 25-year contract to build and operate a 10-megawatt plant in the Western Province, according to a summary of the proposed funding on the International Finance Corp.’s website.
The $29 million project will be able to incinerate as much as 580 metric tons a day of solid municipal waste. Japanese technology will be used for the project and the electricity will be sold to the Ceylon Electricity Board.We hope that this would become a successful project as it not only clears waste from the city but also gives a alternative energy source to the citizens.
