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JLANKA Marks Decade in Solar Electricity

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—Looks forward to serving the nation for many decades more—

JLANKA Technologies, which claims to be “Sri Lanka’s foremost innovators of energy sourcing solutions” marked its tenth anniversary this month, celebrating its achievements over the last decade. 

“We are thrilled to be celebrating 10 years in business, having built a repute as an industry-transforming company that challenges convention,” stated Mrs. G. Jayasoma, Operations Director at JLANKA. “The company’s success is powered by our passionate team of engineers, technical experts, business analysts, sales and after-sales, marketing and customer care professionals who share JLANKA’s vision for sustainable energy. Our success today is a result of their commitment to make a lasting impact, and we remain committed to continue our work into the next few decades.”

JLANKA was established in 2011 by Dr. Mayura Jayasoma with a long-term vision to guide the country towards 100% energy independence through more efficient, greener and economical access to power. The company has stayed true to this vision, rapidly evolving to provide energy solutions for residential, commercial and utility scale projects. Partnerships with global solar giants such as SolarEdge Technologies and TrinaSolar Limited ensure benchmarking on par with global standards and uncompromised quality of all JLANKA solar solutions, a company news release said.

“By 2016, JLANKA was well established and equipped with both experience and expertise to tackle the sudden surge for demand in solar with the launch of Soorya Bala Sangramaya – a community based power generation project by the Ministry of Power and Renewable Energy with an ambitious short term goal to add 200MW to the national grid, a challenge the JLANKA team was ready to meet.

“Grouped under System Maintenance Units (SMUs) to cover geographical areas around the country, The JLANKA team is spread across Sri Lanka from Colombo to Kandy and from Galle to Anuradhapura. This easy accessibility from any part of the island enables clients to engage with JLANKA as a single point-of-contact for engineering, procurement and construction (EPC) operations for solar projects. JLANKA has thereby cemented its position as the country’s leading EPC subcontractor for installations ranging from single rooftops to utility scale solar systems falling under Soorya Bala Sangramaya,” the release said.

“Now, with the advent of solar, JLANKA has strengthened their capacity and mastered renewable power installation to service the Sri Lankan residential, commercial and utility sectors as per demand. During the past decade, JLANKA has installed a total solar capacity of 43 Mega Watt across the island and successfully completed over 4,750 projects including some of the largest solar installations for private, public and non-profit organizations across the country.  JLANKA has thus far facilitated the harvesting of a staggering 140,000 Mega Watt Hours of electricity in Sri Lanka, while saving 28,534 tons of CO2 emissions annually and planting 295,697 trees as part of their commitment to offset greenhouse gases.”

The company said it was targeting a milestone of transforming 500,000 residences to sustainable solar homes by 2025. 

 

 



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Business

HNB supports Sri Lanka Welfare Society of Blind Women

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Supporting the livelihoods of visually impaired women, Sri Lanka’s most customer friendly bank HNB PLC donated 300 white canes and dry ration packs to the members of the Sri Lanka Welfare Society of the Blind Women.

The donations made utilizing voluntary contributions gathered by HNB employees, were handed over to members of the Society at a special event at HNB Towers under the patronage of HNB Managing Director and CEO Jonathan Alles.

“HNB is proud to partner with the Sri Lanka Welfare Society of the Blind Women to serve the visually impaired women of the country. Our goal is to do our part in ensuring they are given opportunities, recognition and respect that are equal to every other citizen, and we hope that partnerships of this nature will pave the way for a more inclusive and caring society,” HNB Managing Director and CEO, Jonathan Alles said.

With 252 customer centres across the country, HNB is one of Sri Lanka’s largest, most technologically innovative banks, having won local and global recognition for its efforts to drive forward a new paradigm in digital banking. Over the recent past, the bank was ranked among the World Top 1,000 Banks list compiled by the prestigious UK-based Banker Magazine. HNB has a national rating of AA- (lka) by Fitch Ratings (Lanka) Ltd.

HNB was also declared Best Sub-Custodian Bank in Sri Lanka at the Global Finance Awards 2020, in addition to winning the coveted Best Retail Bank in Sri Lanka Award for the 11th time at the Asian Banker Awards 2020, in recognition of its sustainable growth and continuous improvements in processes, products and services amidst a challenging macroeconomic environment.

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People’s Insurance enters Medical Insurance market with ‘the most comprehensive medical insurance cover available in Sri Lanka’

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In an unprecedented effort to enhance its product offerings to customers across Sri Lanka, People’s Insurance PLC recently announced its plans to diversify into the health insurance space of the country. This strategic move to establish its presence as a health insurance provider builds on the well-established public image of People’s Insurance as the insurer who cares with love.

As the market is already heavily saturated with health insurance products offered by the competition, Peoples Insurance had the strategic objective of offering a product to make them stand out from the rest. Following a customer first approach, the insurer has decided to be a step above its competitors by offering a highly comprehensive medical insurance cover available in the country.

Citizens of Sri Lanka and those individuals who currently reside in the country are eligible to obtain a medical insurance cover from People’s Insurance. Individuals can be covered from their 5th birthday onwards. However, infants from the age of 3 months can also be protected by these covers provided that their parents have a medical cover from People’s Insurance too.

Jeevani Kariyawasam, the Head of Operations at People’s Insurance PLC commented on this new development, “When People’s Insurance PLC began to contemplate our entry into the health insurance sector, we knew we had to be different. As we are known as the only insurer who cares with love, our health insurance product had to reflect this strongly. Due to this, we decided to position ourselves as an insurance provider with a highly comprehensive product in the health insurance space. With affordable premiums, we have made every effort to ensure that Sri Lankans can enjoy the peace of mind that health insurance brings about.”

Medical schemes will vary from Rs. 100,000 to Rs. 2 million and premiums will depend on the sum insured, along with the customer’s age band. It is also noteworthy that the geographical scope of treatment extends beyond Sri Lanka and into India as well. Costs related to ambulance call outs, inpatient proceedings, surgical treatments, pharmaceuticals, diagnostics and pre and post hospitalization expenses are just a few of the areas that this comprehensive product covers.

As People’s Insurance PLC has a trusted and well established name in the minds of Sri Lankan customers, it is expected that their entrance into the medical insurance sector will be welcomed by citizens across the island. With the underlying goal of caring for its customers beyond anything else, this new development will allow for more Sri Lankans access to proper healthcare services. This decision truly resonates with a purpose beyond profit initiative.

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Browns Investments purchases 9.9 percent stake in HNB, boosting market

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By Hiran H. Senewiratne

CSE activities were positive but not bullish yesterday. Besides, the CSE announcement on a transaction where Browns Investments purchased a 9.9% stake in HNB plus last minute buying interest brought a positive note to the stock market, analysts said. Browns Investments bought 42 million HNB shares in the price range of Rs. 125.75 and Rs. 132.25 for RS 5.3 billion.

This quantum of shares or 9.9 % percent stake of HNB purchased by Brown Investments happened during the months of April and May, market sources said. Amid those developments both indices were positive. All Share Price Index was up by 45.85 points. Turnover stood at Rs. 890.3 million with a single crossing. The crossing is from Sampath Bank which crossed 500000 shares to the tune of RS 26 million and its shares traded at Rs. 52.

In the retail market, top five companies that mainly contributed to the turnover were, J K H RS 189 million (1.4 million shares traded), Browns Investments Rs. 181 million (27.8 million shares traded),Expo Lanka Rs. 53.8 million (1.2 million shares traded), Sampath Bank 50.2 million (1 million shares traded)and Royal ceramic Rs. 47.3 million (1.4 million shares traded). During the day 74.2 million share volume changed hands in 10600 transactions.

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