Sri Lanka moves forward with waste-to-energy
Orizon Renewable Energy (ORE), a unit of Malaysia's Octagon Consolidated Bhd, has received a letter of intent from Ceylon Electricity Board to buy electricity generated from ORE’s proposed waste-to-energy plant in Colombo, Sri Lanka.
Based on this ORE plans to execute the Standardised Power Purchase Agreement and the Public Private Partnership deals at end of year. Plant construction expected to start in the second quarter of 2012 and completed in the second quarter of 2014.
The plant, with total development cost of RM745 million, will use gasification technology with the capacity to destroy 1,000 tonnes of municipal solid waste per day and generate a minimum of 40MW net of electricity.