FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com


Join the forum, it's quick and easy

FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com
FINANCIAL CHRONICLE™
Would you like to react to this message? Create an account in a few clicks or log in to continue.
FINANCIAL CHRONICLE™

Encyclopedia of Latest news, reviews, discussions and analysis of stock market and investment opportunities in Sri Lanka

LISTED COMPANIES

Submit Post


ADVERTISE
Poll

EXCHANGE RATE PREDICTION: 2022

 
 
 
 

View results

ශ්‍රී ලංකා මූල්‍ය වංශකථාව - සිංහල
Submit Post


CONATCT US


Send your suggestions and comments

* - required fields

Read FINANCIAL CHRONICLE™ Disclaimer



Latest topics

» POSITIVES & TARGETS BY IMTIAZ BUHARDEEN
by Gowri123 Yesterday at 4:38 pm

» When will supply chain disruptions ease?
by Gowri123 Yesterday at 4:08 pm

» We’re seeing a shift toward international and value stocks, says Schwab’s Kleintop
by target1 Yesterday at 2:40 am

» Wall Street stumbles as consumer pessimism stokes growth fears
by target1 Yesterday at 2:34 am

» Free Market Capitalism vs. Crony Capitalism
by target1 Yesterday at 2:30 am

» Sri Lankan corporations reap large profits as workers and rural toilers face poverty and starvation
by CHRONICLE™ Tue Jun 28, 2022 6:37 pm

» අද රාත්‍රියෙන් පසු, යක්ෂයාගේ හෝරාව ඇරඹේ!
by God Father Tue Jun 28, 2022 6:13 pm

» Derana 360 with Minister Dhammika Perera
by samaritan Tue Jun 28, 2022 1:07 pm

» CENTRAL INDUSTRIES PLC (CIND.N0000)
by LHW Tue Jun 28, 2022 9:24 am

» Breaking News- Kanchana to go to Qatar ; 2 more ministers off to Russia
by Beyondsenses Tue Jun 28, 2022 8:13 am

» PM thanks President Biden for assuring US support to Sri Lanka
by Beyondsenses Tue Jun 28, 2022 8:07 am

» Sri Lanka Stock Market heading toward ASPI 4500
by God Father Mon Jun 27, 2022 9:14 pm

» Why no power cuts in certain areas of Colombo?
by God Father Mon Jun 27, 2022 8:03 pm

» Expolanka to continue its winning streak
by samaritan Mon Jun 27, 2022 9:49 am

» කොළඹ රාජකීය ගොල්ෆ් සමාජය විසින් රජයේ දේපළ අවභාවිත කිරීම
by ddindika Mon Jun 27, 2022 9:33 am

» LOLC to enter the giant Indian Market
by samaritan Mon Jun 27, 2022 9:17 am

» LOLC HOLDINGS PLC (LOLC.N0000)
by CHRONICLE™ Mon Jun 27, 2022 6:46 am

» SOEs within Minimum Programme for Economic Recovery
by CHRONICLE™ Mon Jun 27, 2022 6:44 am

» COVID WAVES: Can there be another Covid-19 wave in Sri Lanka?
by CHRONICLE™ Mon Jun 27, 2022 6:36 am

» Luminex Limited lists on the Diri Savi Board after a capital raise of Rs. 250 Million
by CHRONICLE™ Mon Jun 27, 2022 6:34 am

EXPERT CHRONICLE™

MARKET CHAT


CHRONICLE™ ANALYTICS


ECONOMIC CHRONICLE

GROSS DOMESTIC PRODUCT (GDP)


CHRONICLE™ YouTube

LATEST TWEETS

You are not connected. Please login or register

FINANCIAL CHRONICLE™ » DAILY CHRONICLE™ » Net Metering from BAM Green to cut electricity bills by 100%

Net Metering from BAM Green to cut electricity bills by 100%

5 posters

Go down  Message [Page 1 of 1]

CSE.SAS

CSE.SAS
Global Moderator

By Rashika Fazali
BAM Green, a subsidiary of BAM holdings, commenced operations last Thursday (28) and will look at reducing up to 100% of commercial and domestic electricity costs by going green with the use of renewable energy sources.

As crude oil is expected to dry out in the next 20 years and coal running out in another 200 years, powering energy will be a huge hassle, as prices will soar and the search for alternative sources of energy rapidly becoming the need of the moment.

However, with solar power being the most practical and free source of energy, BAM Green will look to power Sri Lankan households and businesses by advocating the conversion to cheaper energy with the use of the company’s Net Metering system.

This system will be connected to the power line directly through the meter and any excess solar power generated, will be fed back to the Ceylon Electricity Board (CEB) grid using an export system. The energy left in the system will then be used to power households at night which will be referred to as power imports. Consumers will only have to pay the difference between the imports and exports at the end of the month.

At the launch of the company’s new subsidiary held at Water’s Edge, BAM Green introduced its first customer to invest in their solar panel Net Metering system, popular musician Sunil Perera who stated: “My electricity bill compared to average users was high. It was around Rs. 80,000 and with all our efforts; we could never get it below Rs. 65,000.”

As the high electricity cost was posing a big issue in his household, Perera stated that he went in search of a system that would significantly reduce his monthly electricity bill. Having found the Net Metering system and installed it in June last year, he revealed that his present electricity bill showed a surprising drop to around Rs. 4,000. “The month before it was around Rs. 5000,” stated Perera adding, “I am very happy with the investment. If you are having doubts, don’t worry. Just go for it.”

With the Net Metering system, the cost of electricity is gradually reduced with the efficiency of the solar panel but at the same time it also depends on the type of equipment installed and their overall energy consumption.

BAM Green has so far tried, tested and completed 25 pilot projects covering the domestic and commercial sector and revealed that the company will offer a massive 25 year warranty on the Net Metering systems, which is sourced from Norwegian Renewable Energy Corporations (REC) Group, a leading global provider of solar power solutions.

REC Group Asia Pacific Managing Director Shailendra Mohan Bebortha stated that this technology will help take the human race forward into the next generation of sustainable power generation. After the realization that climate change is man-made and following the recent tsunami in Japan that caused a nuclear catastrophe that rocked the world, he stated that the environment needs to be looked after with more care.

In addition, BAM Green in collaboration with the Carbon Consulting Company handed out carbon conservation certificates to their clients who have helped preserve the environment with the reduction of their individual carbon footprints.
http://www.ft.lk/2013/04/02/net-metering-from-bam-green-to-cut-electricity-bills-by-100/

Sidath

Sidath
Manager - Equity Analytics
Manager - Equity Analytics

some time back these guys advertised a small solar solution to reduce the electricity bills. So I called them. First thing was i was transferred around as no one knew about the product. After a number of sales people who where unable to answer my question I was finally put to an engineer, who also had no clue. So I got transferred to another engineer, who started by staying "I'm new here". All I wanted answered where a few simple technical questions.

I'm surprised they are capable of doing this

Chinwi

Chinwi
Associate Director - Equity Analytics
Associate Director - Equity Analytics

80,000 per Month !
Sure you should go for net metering or any metering !

For the people who wanted to save 4-5000 per moth better to calculate FD income, depreciation , coming down prices of the equipment with time and possible new technologies in future before taking a decision.

Jeremy

Jeremy
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics

One of an article has been published on our company BAM GREEN in Sri Lanka equity Forum.

There was a comment made by a user and I wanted answer that comment and got myself registered. But unfortunately, it is not allowed until 7 days. Could you please submit my comment if I send it to you. Or else can you allow my account to publish that,

BAM GREEN Pvt. Ltd.

Asanka B. Thennakoon,

Project Manager- Renewable Energy
No 120, Station Road, Homagama

Sri Lanka.

D: +94 117796843
M: +94 773507168

asankabandara


Stock Trader

Dear Sidath,
Thank you very much for your valuable feed back. I apologize for inconvenience caused. Somehow, i need clarify that we are one of the two company in Sri Lanka who does not comprise the quality of systems to reduce installation costs.

May be we may have failed to respond properly to your telephone inquiry, but we have taken measure by employing more engineers to address customer's requirements.

I take your feed back positively.

BAM GREEN Pvt. Ltd.

Asanka B. Thennakoon,

Project Manager- Renewable Energy
No 120, Station Road, Homagama

Sri Lanka.

D: +94 117796843
M: +94 773507168
E: asanka.t@bamholdings.com
U: http://www.bamgreensolar.com

http://www.bamgreensolar.com

Back to top  Message [Page 1 of 1]

Permissions in this forum:
You cannot reply to topics in this forum