COLOMBO: DFCC Bank has provided financial support to Laugfs Group in establishing its first solar power project at Hambantota. This is the second such solar power project financed by DFCC at the proposed 100MW “Solar Park” at Hambantota.
DFCC Bank has been a steady partner of the non-conventional r enewab le energy (NCRE) industry of Sri Lanka since its humble beginnings in 1996. The NCRE industry contributes to approximately 10 percent of the country’s electricity generation today, and the government envisages the NCRE industry to play an even greater role in the years to come.
DFCC Bank has the enviable position of having financed Sri Lanka’s first grid connected mini-hydro project in 1996, first private sector wind power project in 2010 and the first grid-scale solar power project in 2015. As of date, the Bank has financed 70 mini hydro projects, 3 wind power projects, 2 solar power projects and a biomass project with a cumulative capacity of more than 150MW feeding the national grid.
