VANCOUVER, BC / November 26, 2023 / Infinitum Energy Pte. Ltd. (“Infinitum“, “iEg“, or the “Company“) is pleased to announce the Company has received Presidential Committee approval to develop the first 100MW phase of the Company’s 350MW solar project in the Hambantota region of Sri Lanka.
This approval paves the way for iEg to maintain the development schedule of this critical project. The project is expected to reduce the country’s carbon emissions by more than 147,000 tons annually, and save the government $35,000,000 in imported fuel costs.
Lindsay Nagle, Infinitum’s CEO, commented: “This critical approval poises Infinitum to be well positioned going into an exciting 2024 with two projects slated for construction. Our local Country Director, Prasad Panabokke has proven time and time again to be an effective leader in navigating the challenges of development. With this project and our broader portfolio, we view Sri Lanka as a key country for continued development with tremendous potential.”
About Infinitum Energy Pte. Ltd.
Infinitum is a climate infrastructure company specializing in the development of clean energy projects within emerging markets. The Company’s core focuses are high-impact solar, wind, and innovative waste-to-energy projects. Through strategic partnerships with leading financial institutions, the team has executed on 42 clean energy projects spanning 13 countries to date, with investments amounting to over $12 billion. Infinitum’s five development-stage projects are located across Sierra Leone, Uganda, Turkey, Mongolia, and Sri Lanka, totalling more than $2.5 billion of expected capital expenditures.
For further information on the Company, please visit https://www.infinitumenergygroup.com
ON BEHALF OF THE BOARD
“Lindsay Nagle”
Director & CEO
For more information contact:
Jeremy Wright, Director & CFO
+1 (604) 837-7990
[email protected]
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