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Sri Lanka Equity Forum » Stock Market Talk » Tokyo Power opens new Biomass Plant in Mahiyanganaya

Tokyo Power opens new Biomass Plant in Mahiyanganaya

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Jayashantha

Jayashantha
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
The Tokyo Cement Group recently opened its second Biomass power plant to supply the largely rural region of Mahiyanganaya with 5MW of energy.

This Rs. 2.4 billion plant by Tokyo Power, the energy arm of the nation’s leading cement and concrete manufacturer, Tokyo Cement Group, is an initiative to build on its expertise in sustainable biomass power. “Tokyo Power launched the Mahiyanganaya plant after successfully pioneering the first plant of its kind in Sri Lanka that provides 10MW of clean energy to their factory in Trincomalee,” according to a company statement.

This 5MW Dendro power plant is expected to contribute approximately 40 million kWh annually to the national grid using sustainable green energy sources, notably Gliricidia, a fast growing tree legume, which is available in abundance in the country’s dry zone. The fuel-wood is obtained from plantations of Gliricidia sepium, or from farmers in the region who grow these trees through Tokyo Cement’s out-grower agricultural programmes.

http://www.sundaytimes.lk/140420/business-times/tokyo-power-opens-new-biomass-plant-in-mahiyanganaya-92846.html

Balanced_Views


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@Jayashantha wrote:The Tokyo Cement Group recently opened its second Biomass power plant to supply the largely rural region of Mahiyanganaya with 5MW of energy.

This Rs. 2.4 billion plant by Tokyo Power, the energy arm of the nation’s leading cement and concrete manufacturer, Tokyo Cement Group, is an initiative to build on its expertise in sustainable biomass power. “Tokyo Power launched the Mahiyanganaya plant after successfully pioneering the first plant of its kind in Sri Lanka that provides 10MW of clean energy to their factory in Trincomalee,” according to a company statement.

This 5MW Dendro power plant is expected to contribute approximately 40 million kWh annually to the national grid using sustainable green energy sources, notably Gliricidia, a fast growing tree legume, which is available in abundance in the country’s dry zone. The fuel-wood is obtained from plantations of Gliricidia sepium, or from farmers in the region who grow these trees through Tokyo Cement’s out-grower agricultural programmes.

http://www.sundaytimes.lk/140420/business-times/tokyo-power-opens-new-biomass-plant-in-mahiyanganaya-92846.html

Good news for TKYO - can expect improved earnings. Share might go to 50

lux2014

lux2014
Manager - Equity Analytics
Manager - Equity Analytics
Good news for farmers too. Also, good news to supporters of renewable energy as the money spent on fuel wood will stay in our country unlike when it's spent on imported oil/gas/coal to generate electricity.

Tokyo Cement has shown us time and time again the viability of dendro power technology, but sad to say some pundits will always say it's a "terrible headache".

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