Project built at a cost of Rs 2,300 million, fully funded by BOI

By Ifham Nizam 

Signifying a major development in the industrial zones in Kalutara district, the newly built Wagawaththa grid substation was successfully connected to the national grid on December 19, 2024.

This significant step is expected to strengthen the electricity supply to the Wagawaththa and Millaniya industrial zones, both crucial areas coming under the purview of the Board of Investments (BOI) in Sri Lanka.

With an investment of Rs 2300 million, the project was funded by the Board of Investments (BOI), aimed at ensuring a more reliable and efficient power supply to the region. The substation was constructed on a five-acre plot of land generously donated by the BOI. The newly installed facility boasts an impressive capacity of 90 MVA (Mega Volt-Amps), designed to cater to the growing needs of the industries in the area.

CEB spokesperson, Senior Electrical Engineer A D K Parakramasinghe, speaking to The Island Financial Review said: “We are pleased to announce that the Wagawaththa Grid Substation is now part of the national grid. This is not only a major step forward for the industrial zones it serves, but it also marks a key achievement for CEB as this project is the first grid substation entirely designed, constructed, and commissioned by our own engineers and field staff.”

He stressed the importance of the substation’s design and construction, highlighting the expertise and dedication of the CEB’s Transmission Construction Projects (TCP) Branch. “This substation was entirely executed by CEB’s own staff, including engineers, superintendents, and various categories of field staff. It is a proud moment for CEB as it reflects our capability to successfully undertake major infrastructure projects independently, enhancing our self-reliance and efficiency,” he added.

He also said that the Wagawaththa Grid Substation is set to improve the reliability of electricity supply to both existing industries and those anticipated in the future. With the industrial zones of Wagawaththa and Millaniya being crucial to Sri Lanka’s economic development, the new substation will play an essential role in supporting the ongoing industrial growth, helping businesses in the region to thrive.

The CEB spokesperson also highlighted the growing demand for electricity in Sri Lanka’s industrial sectors, and how this substation will meet the demand not just for today, but for years to come.

 “This facility will be pivotal in supporting the BOI’s vision of fostering industrial development. By improving the power infrastructure, we are contributing directly to the industrial and economic growth of Sri Lanka,” he noted.

The substation is strategically located within the proximity of major industries, which are key drivers of the country’s economy. The enhanced power capacity will ensure that these industries are well-equipped to operate efficiently, helping to mitigate issues related to power outages or shortages.

Looking ahead, the spokesperson expressed confidence that the Wagawaththa Grid Substation will be a model for future infrastructure projects undertaken by CEB.

“This project sets a precedent for our future endeavors. We are committed to ensuring that the power infrastructure in Sri Lanka keeps pace with the demands of the country’s growth. CEB’s capability and commitment to quality and excellence are reflected in this achievement,” he said.

By Sanath Nanayakkare

Empowering women through an athletic-leisure designwear movement, and building a sisterhood by sharing this transformative trend is the mission of our brand, said Amani Nawushad – the young Founder and CEO of Aura Active athleisure (clothing) products, addressing the media in Colombo on Dec.22, 2024.

Speaking at the launch of her boutique in Horton Pace Colombo 7, she said,” Aura Active is a business about women empowerment, and we are creating a community through our brand. We are showcasing high- quality, affordable products which are manufactured in Sri Lanka. Aura Active is a brand where we actually try to build a community when you buy the product, makes you part of the brand in a wider and growing network of sisterhood. This is what Aura Active is about. Join the movement and follow Aura Active Club on instagram for updates and inspiration.”

Speaking further she said:

“Sri Lanka’s athleisure scene is undergoing a transformation, thanks to Aura Active, a brand redefining what it means to look good, feel good, and stay active. Designed exclusively for women, Aura Active combines high-quality, stylish, and versatile clothing with a mission to promoting inclusivity and encouraging women to embrace healthy, active lifestyles.”

“Every piece is meticulously crafted to suit the diverse needs of women—whether it’s hitting the gym, running errands, or relaxing in comfort. Aura Active’s designs embody a modern, minimalist aesthetic, with colors that exude elegance and strength; the soft hues of Blush, the bold depth of Midnight, and the sleek confidence of Onyx. Aura Active products are designed for championing women’s sports as well as their inclusivity. Thus, the brand will become a beacon for celebrating women’s achievements on and off the field. Our goal is to inspire women to feel confident and capable in every aspect of their lives.”

“Aura Active is an athleisure space where women empowerment and style go hand in hand. From its chic designs to its empowering message, Aura Active will be setting a new standard in Sri Lankan fashion, proving that strength, style, and sisterhood are the ultimate combination.”

“Aura Active is an athleisure space where women empowerment and style go hand in hand. From its chic designs to its empowering message, Aura Active will be setting a new standard in Sri Lankan fashion, proving that strength, style, and sisterhood are the ultimate combination”, she said.

Aura Active’s first pop-up event took place on December 22nd where the attendees could experience the collection firsthand.

Janashakthi Insurance PLC has announced the appointment of Annika Senanayake as the new chairperson, effective 01 January 2025.

Annika, with over 15 years of extensive experience at the IWS Holdings Group, a diversified conglomerate, involved in sectors that include telecommunications, warehousing and logistics, media and broadcasting, automobiles, aviation, warehousing, food and beverage processing and packaging, brings invaluable leadership to Janashakthi Insurance. Her wide-ranging expertise in corporate planning and strategic growth will play a pivotal role in guiding the company through its next phase of development.

In her new role as chairperson, Annika is poised to bring a wealth of visionary insight to Janashakthi Insurance, reinforcing the company’s leadership team. Her proven track record in managing complex, multifaceted businesses will provide strategic direction and support as Janashakthi continues to expand its footprint in Sri Lanka’s competitive insurance market, Janashakthi Insurance PLC stated.

She currently serves as a Director at IWS Holdings (Private) Limited, RAD Productions (Private) Limited, RAD Productions USA LLC, Ceylon Natural Rubber (Pvt) Ltd, Scan Furniture (Private) Limited, and is a committee member of the Young Directors Forum at The Sri Lanka Institute of Directors. Her extensive background also includes notable past roles, such as serving as an Independent, Non-Executive Director at Sampath Bank PLC until her retirement in 2020, as well as the CEO of ART Television Broadcasting Co. Annika’s broad leadership experience across diverse sectors positions her to provide valuable insights and strategic direction for Janashakthi Insurance’s continued success.

Speaking on the new appointment, Janashakthi Insurance PLC Executive Deputy Chairman, Prakash Schaffter, said: “I am delighted to welcome our new Chairperson, Annika Senanayake, to the Janashakthi Insurance family. Her exceptional leadership experience, coupled with her diverse skill sets across multiple industries, will be invaluable as we navigate the company’s future growth trajectory.”

Janashakthi Insurance Chairperson, Annika Senanayake, said: “I consider it a privilege to assume the role of Chairperson at Janashakthi Insurance PLC, a company that has been a key industry player for over three decades and has continuously advanced its legacy of excellence in the insurance field. I am grateful for the opportunity to work alongside a dedicated team as we drive Janashakthi Insurance’s strategic vision forward and achieve new levels of success.”