Business
University of Moratuwa and Union Bank link-up to help ‘transform Sri Lanka’s future education’
By Ifham Nizam
Senior Professor N.D. Gunawardena, Vice-Chancellor of the University of Moratuwa, highlighted the university’s journey in ‘transforming the future of education in Sri Lanka’, as a crucial role.
Speaking at an event held at The Taj Samudra, last week in association with the Union Bank, the Vice-Chancellor connected the Bank’s motto, “Transform Real Lives,” with the university’s mission to revolutionize education and make an impact on students.
The Bank announced a new Memorandum of Understanding (MOU) with the University of Moratuwa and the National Innovation Agency to support the National Entrepreneurship Development Programme (NEDP). This initiative aims to empower SMEs and youth aspiring to become entrepreneurs across Sri Lanka.
‘From the beginning, we have been transforming lives, the Vice-Chancellor remarked, noting that the University attracts top students from across the nation, securing the “best of the best” for its programs.
‘The University of Moratuwa, renowned for its emphasis on technological education, continues to see overwhelming demand, particularly within its Engineering Faculty, which now enrolls 90% of the top 10% of students in the country, the Vice Chancellor explained.
The Moratuwa University VC added: ‘The University’s commitment to innovation is also reflected in its unique academic offerings. The university boasts Sri Lanka’s only dedicated faculty for Information Technology and is the sole state university with a specialized architecture faculty. The popularity of its Artificial Intelligence program further underscores its leadership in cutting-edge fields.
‘The University’s achievements in Business Education is also notable. As the first Dean of the Business Faculty, I encountered challenges in launching the program in 2017, when the intake was a modest 100 students. Today, the Faculty has expanded to include streams in Financial Services, Business Course Management, and Business Analytics, positioning the University as a formidable competitor even against established institutions like the University of Sri Jayawardenepura.
“Our approach has been one of differentiation. The University has tailored its Medical Faculty to stand out by integrating medical technology, a unique feature among Sri Lankan institutions.
‘We take pride in the ongoing efforts to change the lives of students and the University is continuously commitment to being in the forefront of education in Sri Lanka.
‘We have established a private company within the university, linked to the National Entrepreneurship Development Programme, as a key initiative in fostering innovation and entrepreneurship among students.’
The mentioned MOU was signed in the presence of Nirvana Chaudhary, chairman of Union Bank, Dilshan Rodrigo, Director/CEO of the Union Bank and Senior Professor N.D. Gunawardena.
The NEDP certificate course aims to equip participants with the skills and knowledge needed to launch and grow their social enterprises. The program will be open to Sri Lankan citizens aged 18 and above who are passionate about driving social change and demonstrate a commitment to advancing their social enterprise ideas.
The University of Moratuwa, with its tested and approved short course offerings, will co-brand the program with the Union Bank and the National Innovation Agency, ensuring a robust and impactful initiative. This partnership underscores Union Bank’s commitment to fostering entrepreneurship and innovation in Sri Lanka.
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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