Amana Bank powers Vidullanka’s ground-mounted solar facility

Dignitaries at inauguration including Minister Kanchana Wijesekara, State Minister Indika Anuruddha, CEB General Manager Eng. Rohan Seneviratne, Sri Lanka Sustainable Energy Authority Chairman Eng. Ranjith Sepala, Amana Bank Managing Director/CEO Mohamed Azmeer and Vidullanka CEO Riyaz Sangani

Testifying its commitment towards developing Sri Lanka’s renewable energy sector, Amana Bank recently financed the 2MW ground-mounted Horana Solar Power Plant commissioned by Vidullanka PLC, a frontrunner and pioneer in generating clean and affordable energy to the country. 

The solar plant, which is estimated to annually generate 3.9GWh of energy, was ceremoniously connected to the national grid on June 9, 2023, in the presence of distinguished guests, including Power and Energy Minister Kanchana Wijesekara, Power and Energy State Minister Indika Anuruddha, Ceylon Electricity Board General Manager Eng. Rohan Seneviratne, Sri Lanka Sustainable Energy Authority Chairman Eng. Ranjith Sepala, Amana Bank Managing Director/CEO Mohamed Azmeer and Vidullanka CEO Riyaz Sangani. 

Commenting on the project, Azmeer stated, “Partnering with Vidullanka in the establishment of Horana Solar Power Plant brings us great excitement as we strongly believe that investing in a sustainable projects today will pave the way for a carbon balanced and more nature friendly tomorrow for Sri Lanka. Our model of banking also encourages financing projects, which have a sustainability impact and our track record includes many such projects, including financing mini-hydropower plants, biomass power plants as well as large-scale industrial rooftop sola projects, ground-mounted sola projects, waste plastic recycling projects and sustainable aqua-culture ventures. By joining forces with Vidullanka, we aim to create a lasting impact that reflects our unwavering commitment to a greener and more sustainable future.”

Also sharing their appreciation Sangani said, “We are happy to have a financial partner in Amana Bank, who has encouraged our mission of harnessing the abundant renewable energy resources the country is blessed with. Its unique partnership-based model of banking is an ideal fit for the development projects we undertake and the bank’s risk appetite for such have been welcoming as we work together in reducing the nation’s carbon footprint.”

As per the address to the gathering by the minister and CEB officials, it was learnt that Vidulllanka is the only participant to successfully complete and commission the awarded tender under the CEB’s ‘Soorya Bala Sangramaya Phase III’ for 150 MW renewable energy capacity increase launched in March 2020, despite the drastic cost escalations occurred during the recent past.