Sri Lanka’s renewable energy sector is buzzing with renewed optimism after the Ceylon Electricity Board (CEB) finally settled outstanding dues of around Rs. 40 billion owed to solar power generation companies.
This positive development, coupled with timely monthly payments moving forward, has created a “pleasant environment” for businesses according to Riyaz Sangani, Founder CEO of Vidullanka PLC. Vidullanka, a leading renewable energy company, celebrates not only this financial resolution but also their recent achievement of ISO 9001:2015 certification for Quality Management.
Vidullanka Ready to Expand, Seeks Streamlined Approvals
While celebrating these milestones, Sangani cautions of a hurdle to their international ambitions. Vidullanka’s plans for solar power plant investments in Bangladesh, Malawi, and Zambia have been on hold for the past three to four years due to pending approvals from those countries’ authorities. Sangani emphasizes his company’s focus on both solar and hydropower investments and welcomes foreign players entering Sri Lanka’s power sector. However, he stresses the need for a “level playing field” regarding payment terms for both local and foreign companies.
Vidullanka’s Commitment to Quality and Sustainability
The ISO 9001:2015 certification signifies Vidullanka’s dedication to delivering exceptional service and achieving their vision of a sustainably energized planet. Their commitment extends beyond efficient operations; Sangani highlights their active involvement in Corporate Social Responsibility (CSR) initiatives. Notably, Vidullanka has installed solar power systems in five Matara schools, with the first project scheduled for completion this August.
This news marks a significant step forward for Sri Lanka’s renewable energy sector. With the CEB settling its debts and Vidullanka’s ambitious plans for future expansion, Sri Lanka appears poised for a surge in solar power generation.