Bank of Ceylon Becomes the First Ever State Institution to Provide 1 Mega Watt to the National Grid

January, 8, 2019

Reiterating the commitment towards the nation, the Bank of Ceylon, Banker’s to the Nation now contributes 1MWT Solar Photovoltaic energy to the national grid. This is probably the first time a state institution has gone beyond its core business to generate value of this scale for the country as an act of social responsibility. It was generated with the view of reducing the energy consumption of the Bank along with its branch network and to support the National energy crisis as a gesture of commitment and concern towards environmental sustainability. This 1 MWT solar Photovoltaic energy was released with the connection BOC Nugegoda branch as the 27th BOC branch to be converted to generate solar energy. The ceremony marking the Nugegoda branch connecting to the national grid took place recently with the patronage of the CEO/ General Manager Mr. Senarath Bandara. Deputy General Manager Finance and Planning Mr.Vipula Jayabahu, Deputy General Manager Sales and Channel Management Mr. C. Amarasinghe, Deputy General Manager Support Services Mrs.W.I. Hettihewa, Deputy General Manager Retail Banking Range 1 and Range 2 Mr.D.M.L.B. Dassasnayake Members of Corporate and Executive Management together with Assistant General Manager Western Province South Mr.Sampath Perera and the staff of the Branch were also present at the event.

The pilot project in this regard was carried out in the Thissamaharama Branch and with the success of that it was rolled out to 27 BOC branches. Soon this initiative will be taken across to another fifteen other BOC branches, completing 42 branches altogether in the first phase of this project. Outcome of 1MWT renewable energy generation capacity is expected eventually to lead to the generate of 1.387Million Units (1,387,000 kWh) annually, Offset CO2 gas emissions by 1,205.3 tons annually, Save 13,854 trees annually, Save Rs.27.74Million annually.

Envisioned to be the catalyst for sustainable development through social, environmental and economic bottom line, our mission is to stay on the course as ‘a responsible corporate citizen by operating the business in an environmentally responsible, socially equitable and economically sound manner’ improving social and economic wellbeing is an integral part of BOCs core operations. Leading the Sri Lankan Banking industry with over 79 years experience, the Bank of Ceylon has become the most stable and the trusted bank in the country helping Sri Lankans to build their lives and making themselves financially stable whilst uplifting the country’s economy.

Photo Caption: (Left to Right) Bank’s Civil Engineer Mr. Bathiya Thilakawardena, Assistant General Manager Mr. Sampath Perera, Deputy General Manager Mrs. W.I. Hettihewa, Deputy General Manager Mr. Vipula Jayabahu, CEO/ General Manager Mr. Senarath Bandara and Deputy General Manager Mr. C. Amarasinghe at the ceremony.

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