Lankapage Logo CP 19 YEARS
Go Home Home Serving the Sri Lankan community globally since 2000
go to

Leading News from Sri Lanka::

* Bank of Ceylon becomes the first ever state institution to provide 1 MW to the national grid
Tue, Jan 8, 2019, 10:22 am SL Time, ColomboPage News Desk, Sri Lanka.

Jan 08, Colombo: Reiterating the commitment towards the nation, the Bank of Ceylon, Banker's to the Nation now contributes 1 Mega Watt (MW) Solar Photovoltaic energy to the national grid.

This is probably the first time a state institution has gone beyond its core business to generate value of this scale for the country as an act of social responsibility.

It was generated with the view of reducing the energy consumption of the Bank along with its branch network and to support the National energy crisis as a gesture of commitment and concern towards environmental sustainability.

This 1 MW solar Photovoltaic energy was released with the connection BOC Nugegoda branch as the 27th BOC branch to be converted to generate solar energy.

The ceremony marking the Nugegoda branch connecting to the national grid took place recently with the patronage of the CEO/ General Manager Mr. Senarath Bandara.

The pilot project in this regard was carried out in the Tissamaharama Branch and with the success of that it was rolled out to 27 BOC branches.

Soon this initiative will be taken across to another fifteen other BOC branches, completing 42 branches altogether in the first phase of this project.

Outcome of 1 MW renewable energy generation capacity is expected eventually to lead to the generation of 1.387 million kWh annually, offset CO2 gas emissions by 1,205.3 tons annually, save 13,854 trees annually, and save Rs.27.74 million annually.

Envisioned to be the catalyst for sustainable development through social, environmental and economic bottom line, our mission is to stay on the course as 'a responsible corporate citizen by operating the business in an environmentally responsible, socially equitable and economically sound manner' improving social and economic wellbeing is an integral part of BOCs core operations.

Leading the Sri Lankan Banking industry with over 79 years of experience, the Bank of Ceylon has become the most stable and the trusted bank in the country helping Sri Lankans to build their lives and making themselves financially stable whilst uplifting the country's economy.


ColomboPage - Recent 10 Stories ::
Many projects implemented under guidance of Plantation Minister to boost rubber industry
-- [5 hours ago]
Sri Lanka PM says unity government spent over Rs. 1.3 trillion to improve education and health
-- [6 hours ago]
UNDP hosts dialogue on Youth Leadership, Innovation and Entrepreneurship in Sri Lanka next week
-- [7 hours ago]
First Sri Lankan women graduate from Army School of Ceremonial in UK
-- [7 hours ago]
Sri Lanka to receive $1 billion Bank of China loan this quarter - report
-- [8 hours ago]
Human Rights Watch says Sri Lanka's political crisis threatens justice efforts
-- [9 hours ago]
Germany authorities arrest suspect in the assassination of Sri Lanka Foreign Minister in 2005
-- [9 hours ago]
Sri Lanka President signs three loan agreements totaling $ 455 mn with ADB
-- [9 hours ago]
President appoints Commission to probe corruption and malpractice during unity government
Health Ministry bans handling prepared foods by hand

Copyright © 2000, 2016 by (LLC) :
The news and other contents on ColomboPage are copyrighted property of, 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, LLC. However, news organizations or broadcasters in Sri Lanka may republish the news items in ColomboPage with proper acknowledgment to ColomboPage.