Western Power Company Waste to Energy Plant
Sector: Water Supply and Storage • Location: Sri Lanka
Source: World Bank Group
The project entails the construction of a 10 MW waste-to-energy power plant in Sri Lanka. The plant will use 700 metric tons of municipal solid garbage on a daily basis. Financing comprises a syndicated loan of $ 56.73 million provided by Hatton National Bank (lead arranger), People’s Bank, DFCC and Bank of Ceylon and an equity contribution of $ 25.21 million. Aitken Spence PLC is the sponsor. Tot
- Status
- Prospective
- Sector
- Water Supply and Storage, Biomass, Power Generation (CCGT), Government, Waste Processing and Treatment, Commercial
- Location
- Sri Lanka
- Updated
- 22 Jul 2026
- Source
- World Bank Group
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Project Information
Participants
Sponsoring Agency |
Status
Original status | active |
Taiyo status | Prospective |
Taiyo last update | 2026-07-22 |
Contact
| Not available for this record. |
Description
Description | The project entails the construction of a 10 MW waste-to-energy power plant in Sri Lanka. The plant will use 700 metric tons of municipal solid garbage on a daily basis. Financing comprises a syndicated loan of $ 56.73 million provided by Hatton National Bank (lead arranger), People’s Bank, DFCC and Bank of Ceylon and an equity contribution of $ 25.21 million. Aitken Spence PLC is the sponsor. Total investment amounts to $ 81.94 million. Financial closure took place in June 2018. http://www.sundayobserver.lk/2018/06/03/business/hnb-facilitates-sri-lanka%E2%80%99s-first-waste-energy-plant ; https://www.hnb.net/media-center/2017/hnb-partners-up-as-lead-banker-to-sri-lanka-s-first-waste-to-energy-plant |
Original sector | Municipal Solid Waste |
Budget |
Location
Country | Sri Lanka |
Source
Source | World Bank Group |
URL |
More Details
Record type | Project |
Sector | Water Supply and Storage, Biomass, Power Generation (CCGT), Government, Waste Processing and Treatment, Commercial |
Article published date | 2024-09-27 |
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