PROJECT

Projects

Summary of Investment Information

Project Number

32295

Company Name

RENEWGEN ENVIRONMENT PROTECTION KOTTE PVT LTD

Date SPI Disclosed

Apr 28, 2012

Country

Sri Lanka

Region

South Asia

Projected Board Date

May 30, 2012

Environmental Category

B - Limited

Status

Pending Signing

Last Updated Date

Nov 30, 2016

Department

Gbl Infrastructure & Natural Resources

Industry

Infrastructure

Previous Events

Approved : Jun 13, 2012

Sector

Waste to Energy - Renewable Energy Generation

Project Description

RenewGen Enviro Ventures India Pvt. Ltd. is a developer focused on the waste disposal market in and around South Asia. In order to facilitate the development and operation of such projects in the region, the decision has been taken to establish a holding company, as the Sponsor, in Singapore.The Sponsor would hold a portfolio of waste disposal and waste to energy projects in South Asia.

The developer has secured the first competitively awarded Waste to Energy concession in Sri Lanka from the Waste Management Authority of the Western Province in Sri Lanka (WMA). The project is a 25 year concession to build own and operate a 10MW waste to energy project in the Western Province of Sri Lanka. The project will process up to 580MT/day of municipal solid waste (MSW) and will generate up to 10MW of electricity which will be sold to the grid. The concession will be undertaken by Renewgen Environment Protection Kotte Pvt Ltd (“Renewgen Kotte” or “Company”), a company incorporated in Sri Lanka. The Ceylon Electricity Board will off-take the power generated from the plant. The project will use a highly proven (deployed in over 400 plants worldwide) grate based mass incineration technology that is suitable for unsorted MSW in conjunction with advanced emission purification systems.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation