Resus Energy to invest Rs. 1.3 b in hydro and solar power projects

Tuesday, 26 February 2019 00:15 - - {{hitsCtrl.values.hits}}

Establishing itself in 2003, Resus Energy PLC a forerunner in the renewable energy industry, has since been taking giant leaps with its investments and development in many projects across the island. While increasingly supporting the national effort to develop renewable energy resources in Sri Lanka, Resus Energy PLC is currently investing a staggering Rs. 1.3 billion in a couple of hydropower solar power projects during this year.

Resus Energy Managing Director Kishan Nanayakkara

These projects have been structured with focus to generating renewable and sustainable energy combining the latest tech and an environmentally responsible business proposition. Resus Energy PLC is set to invest Rs. 1.0 billion in total on two hydro power projects in the Kandy and Nuwara Eliya Districts.

The Upper Huluganga Hydro Project in Huluganga, Kandy estimated to cost Rs. 400 million is expected to generate 1.9MW in contribution to the main national grid while the Karapalagama Project, located in the Nuwara Eliya District costing Rs. 600 million is set to generate 2.7MW to the national grid.

Resus Energy will additionally invest another Rs. 300 million in utility-scale solar power projects in the Ampara district. The Resus Eastern Solar Power Project is estimated to generate 1MW each from the two power plants to be attached to the Ampara sub-station.

Having been recognised over the past few years consecutively for its commitment to pursue environmentally sustainable and responsible approaches in generating renewable energy, Resus Energy PLC uses the knowledge, latest technology and experience to manage such an immense undertaking.

Resus Energy PLC Managing Director Kishan Nanayakkara shared these views: “We are humbled and take great responsibility in our continuous and successful efforts in hydro and solar power generation operations across the island. We wish to emphasise on our unwavering focus on harnessing sustainable energy but not at the expense of our environment. Our current major ventures in terms of projects for 2019/20 in the Kandy, Nuwara Eliya and Ampara Districts will be the direction in which efficient energy extraction and sustainable tech will take us in the future.” Having already completed many hydropower extraction projects in the recent past, Resus Energy PLC contributes about 35GWh of electricity to the national grid that powers the nation. Resus Energy PLC has fully functioning hydro and mini hydro plants in Thalawakale, Thaldeniya and Maliboda that generate a total of 11.1MW.

In the last two years, Resus Energy PLC, was able to complete two hydro power projects in Daraniyagala costing Rs. 300 million and Kandy costing Rs. 400 million that contribute 1.2MW and 1.5MW to the national grid respectively.

As a company that is truly interested in and invests in the people and the planet in pursuit of its primary business goals, Resus Energy PLC believes in creating a shared value that benefits all its stakeholders. Resus Energy PLC is focussed and well placed to contribute further towards powering the nation through its passionate, efficient and innovative business proposition.