Category: Business and Economy

Ground-breaking ADB- funded LECO-UOM Microgrid Project launched in partnership with DIMO and DHYBRID

Lanka Electricity Company (LECO) together with the University of Moratuwa (UOM) launched a pioneering pilot project on Microgrid with a grant assistance of $ 1.8 million (approximately Rs. 325 million) from Asian Development Bank (ADB). DIMO, together with the German specialist DHYBRID, has been selected for the supply of comprehensive Renewable Energy Microgrid consisting of…

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Driving Value through mastering Internal Capital Adequacy Assessment Process (ICAAP) post pandemic

By Rajith Perera, Partner/Principal, Financial Accounting Advisory Services, Ernst & Young, Sri Lanka COVID-19 pandemic represents the biggest test of the financial stability to the financial services sector. Pandemic constitutes unprecedented local as well as global macro-economic stress leading to slowed down economic conditions. Financial system in the country faces the dual challenge to sustain…

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