Lankapage Logo Recent Top Stories
CP 14 YEARS
Go Home Home Serving the Sri Lankan community globally since 2000
go to LankaPage.com

Leading News from Sri Lanka::

* Australian company to set up US$ 190 million solar panel plant in Sri Lanka
Mon, Feb 24, 2014, 11:43 am SL Time, ColomboPage News Desk, Sri Lanka.

Feb 24, Colombo: The Sydney-based Australian solar panels manufacturer, Energy Puzzle Group will invest US$ 190 million to set up a state-of-the-art factory in Sri Lanka to manufacture solar panels.

Sri Lanka's investment promotion agency, the Board of Investment (BoI) said the Energy Puzzle Group will set up its plant in the BOI's new Export Processing Zone at Mirijjawela, near Hambantota in the deep south.

Chairman of Energy Puzzle, Patrick Featherston and Chairman of the Board of Investment of Sri Lanka Dr. Lakshman Jayaweera signed the agreement recently in Colombo.

Energy Puzzle will be developing their operations in Sri Lanka under several phases and in the first phase, which is covered under the agreement with the BOI, the company will manufacture solar cells and panels of up to 150 MW/year.

"However the company envisages a greater production of Solar Panels and Energy Technology in the future," the BoI said.

The company will originally employ 150 staff of which there would be a mix of Sri Lankan and some Australian managers and workers.

According to the BoI, Energy Puzzle has a vast experience in solar power projects and provides consultancy services to the governments of Australia, the USA and Sri Lanka in this form of alternative energy.

Production of solar panels will be mainly exported but some of this production will also be made available to the local market. The Company could be listed in the Colombo Stock Exchange under a new scheme which is being set up by the BoI and Stock Exchange.

ColomboPage - Recent 10 Stories
Sri Lanka opposition protests against government's casino legislation
-- [9 hours ago]
Sri Lankan parliamentary approval for one of the three controversial casino legislations
-- [9 hours ago]
Employees of Sri Lanka's zoological garden urge authorities to re-commence elephant dances
-- [9 hours ago]
Discovery of contaminated plastic bottles during raid raises alarm on water sold in Sri Lankan market
Consumer movement urges Sri Lankan government to remove the fuel surcharge from the electricity bill
Sri Lanka Attorney General's Department sets up provincial units
Sri Lanka briefs diplomatic community on measures taken to subdue renewed threat of terrorism
Sri Lankan President vows to take strict action against lawbreakers, not to permit religious discord
Parliamentary delegation of Balochistan visits Sri Lanka
Sri Lanka business chamber conducts workshop on media Strategies for corporate sector

Copyright © 2000, 2014 by LankaPage.com (LLC) :
The news and other contents on ColomboPage are copyrighted property of LankaPage.com, LLC. Any unauthorized use of any information on ColomboPage may constitute a violation of copyright laws. You need written permission to reproduce, republish, post, transmit, broadcast or distribute, material from this site from LankaPage.com, LLC. However, news organizations or broadcasters in Sri Lanka may republish the news items in ColomboPage with proper acknowledgment to ColomboPage.