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IFC to finance Fairway Sri Lanka’s waste-to-energy firm

Washington based International Finance Corporation said it is planning to help finance a 67 million US dollar waste-to-energy project by Sri Lanka’s Fairway Holdings group.

IFC will provide a 7 million US dollar loan to the company.

The mass incinerator has the capacity to 500 tonnes of municipal solid waste a day.

It is expected to generate 80 GigaWatt hours (millions of units) of electricity a year.

The facility will process waste from Dehiwala-Mount Lavinia, Moratuwa, Maharagama, Boralesgamuwa, Kesbewa, Piliyandala and Homagama local authorities.

Courtesy – economynext

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