Business
AIA Insurance continues to support the Sri Lanka Cancer Society, with third year of partnership
AIA Sri Lanka announced the renewal of its partnership with the Sri Lanka Cancer Society for the third consecutive year, for 2021. AIA will continue to donate Rs 100/- on behalf of every new policy sold in the year, to the Sri Lanka Cancer Society. The Memorandum of Understanding (MOU) in this regard was signed between AIA CEO Nikhil Advani and Cancer Society Chairperson Nihal Rodrigo.
In 2019, AIA reached out to the Cancer Society in honour of it being AIA Group’s centennial year. A MOU was signed, with AIA pledging to donate Rs. 100 for every new policy sold that year, resulting in a donation of almost Rs. 5 Mn at the end of the year. The MOU was renewed in 2020 and again in 2021, despite the challenges of the Covid pandemic and AIA continued to honour its pledge, resulting in a donation of almost Rs. 4.7 Mn for the year. The funds donated are being used by the Cancer Society for the provision of care and solace to needy cancer patients as well as increasing awareness on the prevention and treatment of cancer, which is a rapidly growing concern in Sri Lanka.
AIA CEO Nikhil Advani explained, “As the best life insurance company in Sri Lanka (awarded by the Global Banking and Finance Review 2019, 2020), we are committed to making a tangible difference in the lives of Sri Lankans. We prioritize our promise of helping people live heathier, longer, better lives and community service is a huge part of bringing that promise to life.”
He added, “Non–Communicable Diseases, such as cancer remain a very real problem in Sri Lanka and are responsible for approx. 80% of deaths, which is well above the global rate of 63%. Cancer is one of the nation’s leading health concerns and requires specialised treatment and more so, a dedicated care and support system for the patients and their families-and we truly appreciate the good work that the Sri Lanka Cancer Society are doing in this regard. It gives all our staff, wealth planners and partners great purpose to know that we are helping the battle against this dreaded illness, physically, financially and emotionally.”
Cancer Society Chairperson Nihal Rodrigo thanked AIA for their continued support, “a sign of a strong partnership is when you support each other come rain or shine, and AIA certainly did stand by us, even in the face of a crippling pandemic. We do appreciate that despite the economic challenges during the pandemic, AIA continued to provide the promised financial support, which was immeasurably helpful in running our hospices and treating needy cancer patients during a very tough time. We are delighted to see this partnership renewed for the third year and look forward to strengthening our battle against cancer with the strength and support of AIA.”
He added, “We use the significant contributions made by AIA largely towards the operation and upkeep of ‘Shantha Sevana’ a 32 bed hospice care facility as well as the ‘Bandaranayake Memorial Homes’, which provides a transit home and care facilities to needy patients seeking treatment at the National Cancer Institute, the Apeksha Hospital. We rely on external support to provide direct care for patients who are undergoing this ordeal while doing everything possible to ensure they receive the best of care and support, both medically and emotionally. So, it means a lot to us to have AIA come forward and continue their support for our cause.”
Business
Lanka’s largest solar park set to transform energy landscape and local economy in Hambantota
A new era in Sri Lanka’s renewable energy is unfolding in the Gonnoruwa Division of Hambantota District, where construction has begun on the country’s largest solar power park. Spanning 450 acres and designed to generate 150 megawatts (MW) of electricity, the US$150 million private-sector-led project is poised to become a cornerstone of the nation’s sustainable energy ambitions.
Officials say the solar park, guided by the Sustainable Energy Authority and the Mahaweli Authority, will make its first contribution to the national grid by the end of this year, with full capacity expected by 2026. Once completed, the facility will rank among Sri Lanka’s largest renewable energy installations, second only to the 210 MW Victoria Dam and the 150 MW Upper Kotmale hydropower project.
The initiative is being framed as a strategic response to recurring power cuts in the Southern Province during annual drought periods. With a projected 20% contribution to the country’s daytime electricity demand, the solar park is expected to significantly stabilize the grid, reduce reliance on fossil fuels, and contribute to the country’s renewable energy targets.
Project Engineer Thilanka Bandara confirmed that preliminary land preparation and boundary works have been completed, with 50 MW already feeding into the national grid. The investment, fully funded through foreign direct investment, local bank loans, and equity capital, requires no government funding. Two private firms are sharing the development, contributing 70 MW and 80 MW respectively.
Bandara highlighted a unique feature of the project: the transmission infrastructure, estimated at US$16 million, is entirely financed by the investors, marking a departure from conventional grid-connected projects. The park will also employ state-of-the-art ground-mounted solar technology, considered the most advanced currently deployed in Sri Lanka.
In a first for Sri Lanka, the solar panels will be installed five feet above the ground, allowing partial-shade crops to be cultivated underneath. Technical Officer Sithmina Bandara explained that this setup will enable the cultivation of food plants such as mushrooms, which thrive in shaded conditions, creating a model for integrated solar-agriculture systems. Agricultural experts have already provided guidance on implementing this initiative, which combines energy production with local food security.
The project is expected to generate 750 to 1,000 direct and indirect jobs, with 400–500 already employed in the initial phase. Long-term maintenance work will provide further employment opportunities, offering a substantial economic boost to the Hambantota region. Environmental management measures are also in place to prevent elephants from entering nearby villages, ensuring harmony between development and wildlife.
All necessary approvals and permits were obtained by February 2025, aligning the project with the Ceylon Electricity Board’s national generation plan. Officials confirmed that upon completion, the total output of the Solar Energy Park will rise to 200 MW, combining existing installations with the new 150 MW facility.
Experts say the Hambantota solar park represents more than just a power generation project. Its innovative design, private-sector financing, and integrated agricultural approach position it as a template for future renewable energy projects in Sri Lanka, reflecting a new model of sustainable development that balances energy, economy, and environment.
By Sirimanta Ratnasekera
Business
ESU Kandy clinches dominant victory at ‘Battle of Esoftians’
The Battle of Esoftians, an annual cricket encounter organized by ESOFT Uni Kandy, concluded with a spectacular display of cricketing prowess as the Kandy team secured a massive 245-run victory over ESOFT Metro Campus, Kurunegala. The match was held on the 15th at the University of Peradeniya Grounds.
Winning the toss and electing to bat first, the ESOFT Uni Kandy batsmen dominated the field from the outset. They showcased an explosive batting performance, posting a formidable total of 280 runs for the loss of 5 wickets in their allotted 20 overs.
In response, the Kurunegala ESOFT Metro team struggled against a disciplined bowling attack. The Kandy bowlers dismantled the opposition’s batting lineup, bowling them all out for a mere 35 runs, sealing a historic win for the Kandy campus.
The event was graced by the presence of key officials from the ESOFT management: Amila Bandara – Chief Operating Officer (ESOFT Uni), Dimuthu Thammitage – General Manager (Central Region), Lakpriya Weerasinghe – Deputy General Manager, ?Lahiru Diyalagoda
Centre Manager-Degree Division, ESOFT Metro Campus Kurunegala and Dushantha Sandaruwan – Master in Charge (ESU Kandy Cricket Club)
Team Lineups
ESOFT Uni Kandy (Winners)
Chamath Ekanayake (Captain), Dinuka Tennakoon (Vice Captain), Dushantha Sandaruwan (MIC), Chalitha Rathnayake, Pulasthi Bandara, Isuru Dehigama, Kesara Nuragoda, Aadhil Sherif, Isuru Pannala, Achintha Medawatta, Ahamed Shukri, Gowtham Hari Dharshan, Danushka Sahan, Eranda Bandara, and Damith Dissanayake.
ESOFT Metro Campus Kurunegala (Runners-up)
Adeesha Samarasekara, Savishan Madusha, Lahiru Diyalagoda, Hirun Damayantha, Naveen Madushanka, Daham Pothuwewa, Senuda Thewnaka, M.R. Abdulla, Arunodya Dasun, Mohamad Afri, Desith Perera, Lasitha Ranawaka, Anton Dilon, Shenuka Thirantha, and Kavindu Bandara.
Text and Pix By S.K. Samaranayake
Business
HNB joins Royal–Thomian “Battle of the Blues” as official banking partner
HNB PLC, Sri Lanka’s leading private sector bank, has joined as the Official Banking Partner for the 147th edition of the historic “Battle of the Blues,” the Royal–Thomian cricket encounter between Royal College, Colombo, and S. Thomas’ College, Mt. Lavinia. Commenting on the partnership, HNB’s Managing Director/CEO Damith Pallewatte highlighted the bank’s long-standing connection with cricket, including sponsorship of Sri Lanka’s first Test match against England in 1982, and emphasized HNB’s commitment to nurturing young talent and promoting school cricket. The three-day clash for the Rt. Hon. D. S. Senanayake Memorial Shield will take place from March 12–14 at the SSC Grounds, with the Mustangs Trophy one-day match following on March 28 under lights. HNB’s inaugural involvement marks a milestone in the bank’s sports marketing journey, strengthening its role in the school cricket ecosystem. The bank will enhance the spectator experience by introducing digital and cashless banking solutions, modernizing the event while preserving its rich heritage and sporting tradition.
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