Aitken Spence – Newswire https://www.newswire.lk Sri Lanka's largest News aggregator Tue, 18 Mar 2025 08:05:02 +0000 en-US hourly 1 https://wordpress.org/?v=6.8.6 https://www.newswire.lk/wp-content/uploads/2020/05/favicon.png Aitken Spence – Newswire https://www.newswire.lk 32 32 Sri Lanka’s first waste-to-energy power plant turns mountains of trash into clean electricity https://www.newswire.lk/2025/03/18/sri-lankas-first-waste-to-energy-power-plant-turns-mountains-of-trash-into-clean-electricity/ Tue, 18 Mar 2025 04:10:49 +0000 http://www.newswire.lk/?p=179428

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In the densely populated Western Province of Sri Lanka, the disposal of solid waste has been a dirty – and dangerous – problem.

Thirty-two people were killed in the collapse of a mountain of waste at the Meethotamulla open dumping site in the Colombo District seven years ago. The pile of rotting debris had shifted from flooding and a fire before it collapsed and buried dozens of people living in nearby homes.

Even without such tragic disasters unfolding, untreated solid waste causes unhealthy air pollution as it decomposes, releasing harmful gasses into the air including highly flammable methane. It poisons the soil and groundwater as well.

Today, Sri Lanka’s Western Province, home to more than six million people, still produces 3,500 metric tons of household waste every day. That’s the equivalent of a stack of  2,600 compact cars or 13,000 motorcycles every day.

To tackle the persistent problem of solid waste disposal, the Western Power Company Ltd, a subsidiary of Aitken Spence PLC, launched the nation’s first waste-to-energy power plant.

Opened in 2021, the waste-to-energy power plant incinerates 600 to 800 metric tons of waste each day and supplies 10 megawatts of electricity to the national grid. 

Residue ash left over from the incineration at the plant is repurposed to produce cinder blocks for the construction industry, and the flue gas is treated to remove harmful particles before it is released into the air.

Aitken Spence gives considerable credit for its sustainability vision to the UN Global Compact, to which it has been a signatory since 2002. Over the last 22 years, the company has participated in many UN Global Compact programmes including the Climate Emergency Task Force, Gender & Diversity, Business & Human Rights and the Sustainable Supply Chain Working Groups as well as several Climate Ambition Accelerators along with the Target Gender Equality Accelerator, Business & Human Rights Accelerator and the SDG Innovation Accelerator.

Building of the waste-to-energy plant meant overcoming unforeseen challenges, including interest rate fluctuations that caused financial losses, a failure of some promised support systems and a financial crisis that led to depreciation of the local currency, the company said.

Former Prime Minister, Mahinda Rajapaksa has called its construction “a milestone in the solid waste management process not only in the city of Colombo, but in entire Sri Lanka.”

The concept of a waste-to-energy power plant was first proposed in 2012, and it was fast-tracked by the government in the wake of the 2017 Meethotamulla disaster.

The power plant so far has sustainably repurposed more than 815,000 metric tons of municipal solid waste into energy for the national grid.

“Otherwise it all would have ended up in an open dump, which would have caused several environmental consequences especially on  climate change,” said R. Shanmugapriya, Assistant Director (Tech and Training) at the Waste Management Authority of the Western Province.

“This plant has found a permanent solution to a national issue of waste management and most  importantly helped to preserve the surrounding environment, wetlands and waterways for the future.”

The waste-to-energy process also has helped protect the sensitive Muthurajawela wetland ecosystem that has been threatened by solid waste collection.

“For years, waste disposal had become a severe problem,especially in the Western Province,” said Shahina Mysan, Director of Engineering (Solid Waste Management) at the Colombo Municipal Council.

“This municipal solid waste was accumulating in landfills, polluting both the ground water and the environment,and spreading diseases. Moreover, the municipal solid waste was accumulating in a sensitive wetland ecosystem which cannot be valued,” Mysan said.

“The waste-to-energy power plant has not only ensured the safe disposal of the municipal solid waste, it has also safeguarded our wetlands and their own ecosystems in the surrounding areas of the Western Province for the future generations of our country.”

Rathika de Silva, Executive Director, UN Global Compact Network Sri Lanka, noted that Aitken Spence was one of the first companies to join the UN Global Compact Network Sri Lanka.

“Their dedication has not only fueled their business growth but has also positioned them as trailblazers in innovation, exemplified by their pioneering Waste-to-Energy project,” de Silva said. “I commend them for their boldness and creativity in championing sustainability, and basing their strategic decisions on scientific data.” (UN Global Compact)

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Two closed apparel factories resume operations in Koggala https://www.newswire.lk/2023/08/08/two-closed-apparel-factories-resume-operations-in-koggala/ Tue, 08 Aug 2023 07:20:40 +0000 http://www.newswire.lk/?p=124158

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Two garment factories that exported their products only to the American market had to be closed recently due to the American and Chinese crises. About 2500 people who were making a living lost their jobs due to this. The value of the machinery of these factories located in the Koggala Investment Processing Zone is hundreds of millions of US dollars.

On the intervention of the Sri Lanka Board of Investment, Aitken Spence, a pioneering company in this country, has joined forces to re-establish these two factories. Accordingly, steps were taken to re-operate these two factories under Ace Apparels. For this, the company is investing more than 3.6 million US dollars in the first phase.

The signing of the relevant agreement was done on July 28 by Dinesh Weerakkoddy Chairman of the Sri Lanka Board of Investment, and Mr. Dr. Rohan Fernando Director, on behalf of Aitken Spence Company.

Mr. Lushan Perera, the company’s chief executive officer, says that this factory, which is operating under a new vision, will generate substantial new job opportunities, and it will expand further. He also said that steps have been taken to start the production process within 2 months.

Speaking further, Mr. Perera said that given the ongoing global economic crisis, his company’s hope is to focus on competitive products and find new markets, and for that, he will pay more attention to the markets of emerging Asian countries such as India, China, Indonesia, and Japan.

Mr. Priyanka Ranatunga, director of the Koggale Investment Processing Zone of Sri Lanka Board of Investments, said that at present, a workforce of about 11,000 in the Koggala region is responsible for earning foreign exchange, and with the opening of new factories, that number may increase to 13,500, and in addition, a large number of indirect jobs will also be created. He said that it is predicted that the existing shortfall in price orders will be restored by the end of the year and the necessary empowerment of the factories will be done accordingly.

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