VPE Awarded ‘Best Integrated Report’ at CMA Excellence in Integrated Reporting Awards 2023

The 2022/23 Annual Report of Vallibel Power Erathna PLC won the award for ‘Best Integrated Report under Power/Electricity Sector’ and ‘Merit Award’ at the CMA Excellence in Integrated Reporting Awards 2023, presented by the Institute of Certified Management Accountants of Sri Lanka (CMA). VPE was honored to receive this prestigious award for two consecutive years.

 First time VPE awarded Gold Award at SAFA Best Presented Annual Report Awards

The Annual Report of 2021/22 of Vallibel Power Erathna PLC was internationally recognized as the ‘Gold Winner’ award under the ‘Power and Energy Sector’ category at the coveted SAFA Best Presented Annual Report Awards, Integrated Reporting Awards & SAARC Anniversary Awards for Corporate Governance Disclosure 2022. The event was held at Hotel Raddision Blu, India on 22nd December 2023.

VPE was exceptionally honored to become the first time winner of this esteemed award which was presented by South Asian Federation of Accountants (SAFA), a forum of professional accounting bodies in the SAARC region of eight nations; Afghanistan, Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan and Sri-Lanka.

 VPE awarded Bronze Award at CA Sri Lanka TAGS Award 2023

Vallibel Power Erathna PLC received the Bronze award under the ‘Power and Energy’ sector at the coveted TAGS Awards 2023, organized by The Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka). Recognizing organizations for their focus on transparency, accountability, governance, and sustainability in corporate reporting, the event was held at Shangri-La Hotel, Colombo, on December 12, 2023. The company Annual Report has been privileged to secure its position among the top three winners of the Power and Energy Sector of TAGS Awards since 2011.

 Silver Award at Presidential Environment Awards 2021-2022

Our Kiriwaneliya Power Plant was honored to receive the Silver Award under Renewable Energy Project Category at the Presidential Environment Award Ceremony for year 2021-2022 organized by Central Environmental Authority (CEA). The ceremony was held at BMICH on April 28th, 2023.

Kiriwaneliya Power Plant has been awarded with this prestigious award since 2013, a noteworthy recognition for its continuous effort and commitment towards sustainable development of the industry.

CEA organizes the Annual Presidential Environment Award with the objective of honoring industries, business organizations and individuals who have made an excellent contribution towards environmental conservation; who continue to build an environmentally friendly industry, business and service culture; and to encourage the society to engage more on environmentally sustainable activities.

#vallibelpower #renewableenergy #award #winner #sustainability #environment #environmentaward

 VPE awarded Gold Award at CA Sri Lanka TAGS Award

Vallibel Power Erathna PLC was honoured to receive the Gold award under the ‘Power and Energy Sector’ category at the coveted TAGS Awards 2022, organized by The Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka).

TAGS recognizes companies ranging from multinationals to conglomerates, as well as small and medium enterprises for promoting the core concepts of CA Sri Lanka which are transparency, accountability, governance and sustainability in both financial and non-financial reporting aspects.

 VPE Awarded ‘Best Integrated Report’ at CMA Excellence in Integrated Reporting Awards 2022

Vallibel Power Erathna PLC has won ‘Best Integrated Report’ under the Energy Sector at CMA excellence in integrated reporting awards 2022 organized by Institute of Certified Management Accountants of Sri Lanka (CMA). The company also won a ‘Merit Award’ for its 2021/2022 Annual Report.

The integrated reports were evaluated using guidelines applicable in the International IR Framework issued in December 2013. CMA recognized not only the accounting and financial information, but also non-financial information provided in integrated Reports.

 Empowering Green Clean-up Campaign

Being part of the extensive clean -up effort, our team in Kiriwaneliya plant proceeded with the ‘Empowering Green’ Clean-up campaign (Sri Pada Hatton Route) last week.

 Sri Pada Clean-up campaign

Committed to protect our environment, Vallibel Power Erathna PLC initiated a clean-upcampaign along the footpaths to Sri Pada Holy Mountain. The event was organized byErathna MHP and Kiriwaneliya MHP from Erathna and Hatton footpaths respectively bypicking up all plastic, polythene and paper waste along the footpaths up to the Sri PadaHoly Site. Immense support was given from local police stations, Divisional SecretariatOffices, Municipal Councils, and village temples to make this event a success.
Sri Pada clean-up campaign will continue throughout the Sri Pada season.

 Covid precautionary measures at Sri Pada

With the aim of supporting government initiatives to maintain Covid precautionarymeasures during the Sri Pada season, we have installed two washbasins withsink taps at Erathna footpath for use of pilgrims.

 Bronze Award at Presidential Environment Awards 2019

The Kiriwaneliya Mini Hydro Power Project, yet again proved its excellence in contributing towards a pollutants free environment by receiving Bronze Award at the Presidential Environment Awards 2019 in the Renewable Energy Generation Project Category. The ceremony was organized by the Central Environment Authority together with the Ministry of Mahaweli Development & Environment on 29th October 2019 at Nelum Pokuna Mahinda Rajapaksa Theatre.

 Bronze Award in Annual Report Award Competition 2018 - CA Sri Lanka

VPEL's Integrated Annual Report-2017/18 was recognised the Bronze Award at the Annual Reports Awards 2018 under the category of Power and Energy Sector. The event organised by the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) was held on 04th December, 2018 at the Shangri-La Hotel, Colombo under the patronage of the Governor of Central Bank Dr. Indrajit Coomaraswamy.

 Kiriwaneliya MHP wins at Presidential Environment Awards

Kiriwaneliya Mini Hydro Power Project has won the Bronze Award under the Sustainable Energy Generation Project category at the Presidential Environment Awards 2018. The award ceremony was organized by the Central Environment Authority in partnership with Ministry of Mahaweli Development & Environment on 19th October 2018.

 Vallibel Power Erathna PLC wins at Asia Sustainability Reporting Awards

Singapore, 6 March: Vallibel Power Erathna PLC has won Asia’s best Integrated Report (SME) at the 4th Asia Sustainability Reporting Awards (ASRA) concluded in Singapore this evening. ASRA is the highest recognition for corporate reporting in the region.

Senior business leaders from 13 countries turned up at the exclusive awards ceremony hosted by the British High Commissioner in Singapore H.E. Scott Wightman. The event was attended by dignitaries from diverse fields including academia, non-profit, embassies, trade associations and advocacy organisations.

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 Extension of SPPA of Erathna MHPP for another Five years period

The Erathna MHPP's Standard Power Purchase Agreement (SPPA) entered into with Ceylon Electricity Board (CEB) will expire in July 2019 and as per the letter dated 17th of May 2018, the CEB has informed the Company another five years extension. Further, as per Sri Lanka Sustainable Energy Authority (SEA) Act No 35 of 2007, at the end of 20 year period, the Board of SEA may, at request of the developer (Company) and in consultation with the Committee, extend the period of the validity of the permit by further period not exceeding another 20 years.

However, Denawaka Ganga MHPP and Kiriwaneliya MHPP have a further 9 years of operation before their SPPAs falls due.

 Vallibel Power walked away with the ‘Winner’ award of ACCA Sustainability Reporting Awards 2017

Vallibel Power Erathna PLC walked away with the ‘Winner’ award of SME category at the Association of Chartered Certified Accountants (ACCA) Sri Lanka Sustainability Reporting Awards 2017 ceremony which was held at the Cinnamon Grand Hotel. The Company Annual Report was rewarded for disclosing its sustainable business approach and the “Empowering Green” reforestation initiative.

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 Vallibel Power Erathna’s Annual Report 2016/17 was adjudged for the Silver Award in Annual Report Award Competition 2017

Vallibel Power Erathna PLC for the 7th consecutive year was able to win an award from The Institute of Chartered Accountants of Sri Lanka who conducted the "53rd Annual Report Award Competition". Year 2017 it was the Silver Award in the Power & Energy Sector Companies. It proves the VPEL's adapting of comprehensive corporate financial reporting system . In our existence hitherto enabled the company to be a frontier in the sector with a very sound financial status.

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 Kiriwaneliya MHP secures Silver Award again at National Green Awards

In vision of “A Clean & Green Environment Through Service Excellence,” Kiriwaneliya Mini Hydro Power Project was honored by the silver award under Renewable Energy Generation Project Category at the National Green Awards 2017. The project’s effort to make its operations more eco friendly has been acknowledged by the Central Environment Authority in collaboration with Ministry of Mahaweli Development & Environment on 16th of October 2017.

 Annual ISO 9001 & 14001 Surveillance Audit a Success

We are pleased to announce that Vallibel Power Erathna PLC has passed the second annual surveillance audit and was recommended to continue ISO 9001:2008 & ISO 14001:2004 Management System Certification. The audit was carried out by SGS Lanka (Pvt) Ltd affiliating with SGS United Kingdom Limited on January 19th 2016 at Erathna Mini Hydro Power Project.

The result of this audit will help us in our preparations for the ISO 9001 & 14001 re-certification with the new version that has been published in 2015.

 Bronze Award at Annual Report Award Competition 2015

The Annual Report of 2014/15 of Vallibel Power Erathna PLC was adjudged for the Bronze Award in the Power & Energy Sector at the 51st Annual Report Awards Competition conducted by The Institute of Chartered Accountants of Sri Lanka. This achievement was being maintained by the Company consecutively from 2011 while achieving the Gold Award in 2012 through its continued commitment towards best practice in annual corporate reporting.

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 Inter-Site Staff Cricket Tournament - 2015

In order to build better relations amongst the staff and to develop their spirit, the 3rd Inter Site Staff Cricket Tournament, organized by the Vallibel Power Group, was held on 28th November 2015, at the Seevali Ground, Rathnapura.

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 Best Under a Billion Award

Company was selected as one of the "Best Under a Billion" companies listed in the July issue of Forbes Asia 2015. The Award was presented at the Award Ceremony held at Kuala Lumpur on November 2, 2015. Only Vallibel Power Erathna PLC was selected this year from Sri Lanka for this award.

 Kiriwaneliya MHP Wins Silver at National Green Awards 2015

Kiriwaneliya Mini Hydro Power Project secured the Silver Award under Mini Hydro Power Category at the National Green Awards 2015. The project was awarded Bronze in year 2014 and the best green practices of the project led it to Silver this year. The Award Ceremony was held on Monday, October 5th 2015 under the patronage of President Maithripala Sirisena.

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 Change of the Directorate

It is with deep regret that the Board of Vallibel Power Erathna PLC announces that Mr. L D Dickman, a member of the Company’s Board, passed away on August 11, 2015. Mr. Dickman had been with Vallibel Power Erathna PLC since 2010, during which time he provided an invaluable contribution to the Company.

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 Sri Lankan energy sector team visits Bavaria to study on ‘Renewable Energy'

A 13 member Sri Lankan energy sector team, which comprises of industry executives and academics, will visit Bavaria, Germany during mid-June in order to take part in a training program on 'Renewable Energy'.

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 Sri Lanka Energy Sector Development Plan for a Knowledge-based Economy, 2015-2025

Minister of Power and Energy Patali Champika Ranawaka in presenting 'Sri Lanka Energy Sector Development Plan for a Knowledge-based Economy, 2015-2025' informed the public of an impressive goal of reaching 100% energy self-sufficiency by year 2030. The Ministry has embarked on an ambitious action plan and as the first phase, proposes to provide electricity access to every citizen in Sri Lanka during the year.

The Minister's vision is presented as challenges, potentials, targets and an energy policy with a view for a cleaner future through green energy. Highlights of Minister's proposal and the challenges ahead are discussed below.

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 Vallibel Power Erathna’s Annual Report 2014 was adjudged for the Silver Award in Annual    Report Award Competition 2014

Vallibel Power Erathna PLC is proud to announce that its Annual Report 2014 was adjudged for the Silver Award in the Power & Energy Sector at the 50th Annual Report Awards Competition conducted by The Institute of Chartered Accountants of Sri Lanka. This is an achievement maintained by the Company consecutively from 2011 while achieving the Gold Award in 2012.



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 Divestment of Asia Energy Management Systems Inc (AEMS) Shareholding and    Resignation of Directors

It is hereby disclosed that Messrs. Asia Energy Management Systems Inc (AEMS) has disposed their entire shareholding of 160 million shares in Vallibel Power Erathna PLC on November 04, 2014.

Subsequently, Mr. Daryl S. Clerk and Mr. Sunil E. De Silva who were the members of the Board of Directors of Vallibel Power Erathna PLC representing AEMS resigned w.e.f. November 15, 2014 from its Board. Mr. Clerk and Mr. Silva served as Non Executive Directors in the Board of the Company from 2010.

 CEB Introduced new tariff to encourage the mini hydro power projects in the Country

As per the notice published by the Ceylon Electricity Board in "Daily News" news paper in September 19, 2014, CEB has announced the Avoided Cost Based Non Conventional Renewable Energy Purchase Tariff for the year 2014 w.e.f. 1st January 2014.



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 Vallibel Power Erathna PLC is certified for ISO 9001 & 14001

Vallibel Power Erathna PLC has been able to obtain ISO 9001:2008 and ISO 14001:2004 International Certificates for its successful implementation of Quality and Environmental Management Systems in all three power plants, namely, Erathna MHP, Denawaka MHP and Kiriwaneliya MHP.



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 Change of Directorate

Mr. Chathura Vishvajit Cabraal who has thorough academic knowledge in the power sector joined the Board of Vallibel Power Erathna PLC on 08th January 2014.

Chathura Cabraal is a Graduate (with Honours) in Mechanical Engineering with a focus in manufacturing and design from the Missouri University of Science and Technology. During his bachelor's degree, he paid special attention to Control Systems Engineering, Environmental Control and Engineering Statistics. Before he joined the Board of Vallibel Power Erathna PLC, the knowledge he gained applied in his functions as an Engineer in the Energy and Environment Division of Brandix Lanka Ltd. At Brandix, he has been closely associated with the analysis of new equipment for factories, renewable energy projects and sustainability reporting.

 Vallibel Power Mini Hydro Power Project qualified for CDM

It is with great pleasure that Country Energy (Pvt) Ltd wish to inform our shareholders that we were able to register under United Nations Framework Convention on Climate Change (UNFCCC). Our consultant, First Asia Carbon Lanka (Pvt) Ltd of Singapore tediously followed up the process and they were able to complete the registration process by 06th December 2013. (Webpage link of CDM registration



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 Yet another Achievement by Vallbel Power

The Institute of Chartered Accountants of Sri Lanka, who is the national accounting body organised its 49th Annual Report Award Ceremony on 10th December 2013 at Waters Edge, Battaramulla.



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 Inter-Site Staff Cricket Tournament - 2013

Vallibel Power Erathna PLC, organized inter site staff cricket tournament at Eheliyagoda Public Ground on 30th November 2013 representing six teams from employees of all mini hydro power projects established by the Company. This inaugural cricket match comprised Eleven Side League Cricket Tournament.



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 Vidooka Art Compitition - 2013

Vidooka Art Competition was successfully held for the second consecutive year to recognize the young drawing talents of our rural.



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 Change of Directorate

Ms. Dona Shyamalie Nishanthi Weerasooriya has been appointed as an Alternate Director to Mr. K D D Perera with effect from 11th November 2013.

 The Annual General Meeting of Vallibel Power Erathna PLC

The Twelfth Annual General Meeting of Vallibel Power Erathna PLC was held at The Kingsbury, Colombo 01 on Thursday, 27 June 2013 at 9.30 a.m. The meeting was chaired by the Director Mr. Nimal Perera.

The following resolutions were passed with the unanimous consent of the Shareholders.

1) Receive and consider the Annual Report of the Board of Directors, Financial Statements of the Company &     Group for the year ended 31 March 2013 together with the Report of the Auditors thereon.

2) Re-elect Mr. S E De Silva who retires by rotation in terms of Article 25 (10) of the Articles of Association,
    as a Director of the Company.

3) Re-elect Mr. H Somashantha who retires by rotation in terms of Article 25 (10) of the Articles of Association,
    as a Director of the Company.

4) Re-elect Mr. P B Perera who retires by rotation in terms of Article 25 (3) of the Articles of Association,
    as a Director of the Company.

5) Re-appoint Messrs Ernst & Young, as Auditors of the Company for the ensuing year and to authorize the
    Directors to determine their remuneration.

6) Authorize the Directors to determine and make donations for the year ending 31 March 2014 and up to the
    date of the next Annual General Meeting.

 Change of Directorate

Mr. W. D. N. H. Perera was appointed as the Alternate Director to Mr. Prashan Buddhika Perera with effect from 22nd February 2013.

 Vallibel Power recognized at ACCA Sustainability Awards

Vallibel Power Erathna PLC was adjudged the First Time report winner in the Small Scale Category of ACCA Sri Lanka Sustainability Reporting Awards 2012. The Awards ceremony was held at the Cinnamon Grand Colombo on 20th February 2013. This was the 10th edition of the ACCA Sri Lanka Sustainability Reporting Awards.



Read More >> Published on Sunday Times on March 3, 2013

 Interim Dividend for the year ending 31st March 2013

The Company has announced Rs.0.25 (Twenty five cents) per share, Interim (Tax Free) Dividend for the year ending 31st March 2013. The dividend payment date is 19th February 2013 and XD date is 8th February 2013. Total value of the Dividend is Rs.186.7 Million.

 'VPEL grabs the Gold Award in Annual Reports Award Ceremony 2012'

Vallibel Power Erathna PLC for the consecutive year was able to win an award from The Institute of Chartered Accountants of Sri Lanka.

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 'President presents National Green Awards to environment protectors and VPEL wins     Bronze'

Erathna Mini Hydro Power Project has won the Bronze award in Mini Hydro Category at the National Green Awards 2012.

  
Read More >> Daily FT, Wednesday, 5th December 2012

 Small Hydro Power Developers elect new Executive Committee

The Small Hydro Power Developers Association elected a new executive committee for the year 2012/13 at the Annual General Meeting held on 31 October 2012 at the Royal Golf Club Colombo.

Read More >> Daily FT, Monday, 12th November 2012

 Vallibel Power Art Competition 2012

Vallibel Power Erathna PLC organized its first Art Competition Vidooka 2012 for the children of Erathna and Adavikanda villages and the children of its staff members, as a CSR initiative.



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 Sri Lanka to construct 200 mini hydropower projects

Sri Lanka Minister of Power and Energy Patali Champika Ranawaka says that measures are in place to construct 200 mini-hydropower projects in the island.

Read More >> ColomboPage Online, Tuesday, 06th November 2012

 Sri Lanka inflows to hydro power plants lowest in 20-years

Water inflows to Sri Lanka's hydro power plants up to September 2012 was the lowest in 20-years and much lower than a year earlier which was also a drought year, the island's power ministry said.

Read More >> Lanka Business Online (LBO), Friday, 05th October 2012

  Small Hydro Power Association cries foul over PUCSL's move

The Small Hydro Power Association (SHPA) yesterday cried foul over the sudden withdrawal of new tariff announced by the Public Utilities Commission (PUCSL) and warned the move by regulator had put 50 MW of renewable energy at stake.



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  Renewable Energy Firms

Sri Lanka renewable energy firms demand higher tariffs after depreciation.

Read More >> Lanka Business Online, Wednesday, 29th August 2012

  Delegation from Seychelles visits Vallibel Mini Hydro Power Plant

The delegation of senior officials of the Government of the Seychelles which accompanied His Excellency James Alix Michel,President of Republic of Seychelles on his State Visit to Sri Lanka, paid a visit to a mini hydropower project of Vallibel located at Erathna, Kuruwita.



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  First Quarter Results

The Company released the first quarter results for the period ended 30th June 2012 on 14th August 2012.

  ISO Certification

VPEL, recognizing the importance of continual growth, is in the process of obtaining the ISO certification. It has taken the initiative to establish an Integrated Management System of ISO 9001:2008 & ISO 14001:2004. An agreement was signed with Somaratna Consultants on 25th July 2012 for this purpose.

  Annual Excursion of Vallibel Power Erathna Head Office 2012

This year, Annual Excursion of Vallibel Power Head Office Staff was to Trincomalee - Hotel Chaaya Blu. The excursion was on 21st and 22nd July 2012.

  Vallibel Power Erathna PLC organized a training program on 5S to its staff on     30th June 2012

As an initiative towards continual improvement, Vallibel Power organized a training program on Work & Life Balance and 5S to all staff on 30th June 2012. The program was conducted by Sri Lanka Institute of Development Administration (SLIDA) at SLIDA premises.

  The Annual General Meeting of Vallibel Power Erathna PLC for year 2012 was held on     26th June 2012 at Hotel Taj Samudra Colombo

The Annual General Meeting of Vallibel Power Erathna PLC for year 2012 was held on 26th June 2012 at Hotel Taj Samudra Colombo. The meeting was chaired by the Director Mr. Nimal Perera. The meeting was concluded with an informative company profile vedio presented to all shareholders.

  Tea with CEO

Vallibel is a diversified conglomerate which has invested in financing, banking, Leisure, Garments, Manufacturing industry and power sector. Under vallibel power it develops renewable energy projects to generate electricity and supplies electricity to national grid. Vallibel ventured into power generation business in early 2000 and successfully commissioned its 10MW plant in 2004, which later on went public with the record braking oversubscribing shares in year 2006, and has generated substantive profit for its shareholders. Since then vallibel has invested extensively in hydro power sector contributing more & more green energy to the nation.

Interviewed by: Ashwin Hemmathagama

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