Oct 18, 2019 (LBO) – Sri Lanka's Board of Investment signed a supplementary agreement with Senaka Zenn (Private) Limited to set up a project to manufacture pre-stressed spun concrete electrical poles, piles and railway sleepers for both local and export markets.
The initial investment made by the Company was 10.3 million US dollars.
The Supplementary Agreement was signed by BOI Chairman, Mangala Yapa and Chairman of Senaka Group of Companies, Senaka Gurusinghe.
The project is an import substitution project which will save Sri Lanka considerable foreign exchange and at the same time is environmentally friendly since it reduces the dependence on wooden poles.
“our project was started in 2016 and so far a total of 100,000 poles have been supplied to the CEB, LECO, and SLT. The project was started as a substitute for the wooden poles used by CEB," Gurusinghe stated.
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"I should also stress the fact that wooden poles have a lifetime of just 8-10 years at most, hence the use of concrete poles provides a more permanent solution to the country’s requirement."
Regarding the quality of manufacture of his products, he added that the poles are made of spun Concrete in Sri Lanka but using technology from Japan.
"The inside of the poles is hollow, so, it is the same weight as the wooden poles and can be easily carried and installed," he said.
"These advantages together with the environmental benefits mentioned make our products a very attractive proposition for Sri Lanka."
