Mon, 06 Feb 2023 Today's Paper

DFCC recognised at prestigious ADFIAP Outstanding Development Project Awards

DFCC recognised at prestigious ADFIAP Outstanding Development Project Awards

25 March 2019 03:19 pm - 0     - {{hitsCtrl.values.hits}}

A A A

DFCC Bank was bestowed with a Merit Award at the Association of Development Financing Institutions in Asia and the Pacific (ADFIAP) Awards Night held in Oman on 20th February 2019. The award was given under the ‘Outstanding Development Project Awards, Category 2, Environmental Development’ for DFCC Bank’s project, ‘Funding the Installation of Rooftop Solar Systems of Large Rooftop Owners’. By generating 11.4MW of solar power, this project contributes to the overall objective of the ‘SooryaBalaSangramaya’ of the Government of Sri Lanka of adding 200MW of solar electricity to the national grid by 2020 and 1,000MW by 2025. 

The award was accepted by the CEO of DFCC Bank, Lakshman Silva from Mrs. Nahla Al-Hamadi, Director General of Industry, Ministry of Commerce and Industry. An eminent banker, Silva was further invited to speak at the Plenary Session 3 of the 42nd ADFIAP Annual Meeting, on the topic - DFI's and Technology Development for which he was bestowed with a token of appreciation. The session was attended by ADFIAP members, international partners, local delegates, and distinguished guests from the Omani government and ministries.

DFCC Bank received this recognition because this is an innovative project as it involves installation of solar roofing (by a promoter specialising in renewable energy projects) on rooftops of large buildings owned by others. This model will thus be a major boost to the rooftop solar industry, as potential investors can rent space from large rooftop owners, such as garment factories, who are not interested in making the required capital investment for a project of this nature. 

Commenting on the award, Lakshman Silva said, “DFCC Bank has gone a step ahead from reaffirming its support for renewable energy by playing a proactive role by extending green financing for projects that harness renewable energy to take Sri Lanka closer to increase its renewable energy production while making a contribution to the national electricity grid. Developing green energy requires us to think out of the box and this unique project leverages on rooftops without having to stop due to scarcity of land.It is a practical and innovative solution that can be implemented in rural and urban areas alike.DFCC Bank has a strong track record in financing renewable energy projects, having financed more than 75 projects across a broad spectrum of green energy sources such as hydro, wind and now solar. We believe that as a bank we can make a great difference by extending loans for such nationally important projects. We thank the jury at the ADFIAPawards for recognising our efforts yet again.”

In 1996, DFCC Bank financed Sri Lanka's first-ever privately owned, grid connected mini-hydro power plant, with both long-term debt and equity. The success of this pioneering project catalysed the harnessing of the country’s non-conventional renewable energy resources resulting in a nationally significant industry, which today supplies nearly 10% of the nation’s electricity needs.

DFCC also financed a pioneering manufacturer of turbines for local and foreign hydro power plants. This project was the recipient of ADFIAP's award for 'Outstanding Project - Technology Development’. DFCC’S assistance to the industry has not been confined to Sri Lanka; the Bank has also extended funding to local hydropower developers to set up projects overseas.


Order Gifts to Sri Lanka. See Kapruka's top selling online shopping categories such as Toys, Vegetables, Grocery, Flowers, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Sending Money,Online Books, Delivery Service, Food Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop Sri Lanka

  Comments - 0

Order Gifts to Sri Lanka. See Kapruka's top selling online shopping categories such as Toys, Vegetables, Grocery, Flowers, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Sending Money,Online Books, Delivery Service, Food Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop Sri Lanka

Add comment

Comments will be edited (grammar, spelling and slang) and authorized at the discretion of Daily Mirror online. The website also has the right not to publish selected comments.

Reply To:

Name - Reply Comment




Order Gifts to Sri Lanka. See Kapruka's top selling online shopping categories such as Toys, Vegetables, Grocery, Flowers, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Sending Money,Online Books, Delivery Service, Food Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop Sri Lanka

Pain and punishment

Should we spare the rod and spoil the child? Does it really happen? Children

Health System in the emergency room

Sandya Kumari from Kotahena has been experiencing chest pains since 2015 and

Canada’s targeted sanctioning of Gota and Mahinda

History was made last week when two former executive presidents of Sri Lanka

SC judgement on Easter attack: Court rules negligence stood in the way of avoiding most heinous crime

“On the ill-fated day of 21st of April 2019, this island home was awoken ru