DFCC Bank-NIA partner to support biogas technology adoption

DFCC Bank, Sri Lanka’s pioneer in financing renewable energy, has joined hands with the recently established National Innovation Agency (NIA), which was enacted by the parliamentary Act No. 22 of 2019, to promote biogas technology, as the agency’s financial services provider and to create broader awareness about this sustainable alternative. 
Discussing the benefits and strengths of the technology, NIA Chief Innovation Officer Prof. Ajith de Alwis said, “Biogas has a triple benefit as waste becomes raw material, hence accomplishing recycling and sustainable disposal, while the output derived from that waste is transformed into a sustainable energy source and can also be used as an organic fertiliser. Therefore, this process stands unique as the only process that does not generate waste but instead uses waste as the input.” “At the larger community and social level, it can help reduce energy costs and our carbon footprint while providing an effective and efficient method of waste disposal, often onsite or in the nearby vicinity. We hope to see this technology promoted further and popularised, which is why we have partnered with DFCC Bank,” he added.

From left: DFCC Bank PLC Assistant Vice President Marketing and Sustainability Senaka Jayasinghe, DFCC Bank PLC Assistant Vice President MSME Chandana Wanigasena, DFCC Bank PLC Senior Vice President Offshore Banking, Remittances and Business Development Anton Arumugam, NIA Chief Innovation Officer Prof. Ajith de Alwis, NIA Innovation Officer Dr. Sachie Panawala and NIA Innovation Officer Navodi Wickramasinghe