Skip to content
Back to Guavy Wire
Stocks

Coca-Cola-Backed Hydro-Powered Recycling Centre Sets New Benchmark in Sri Lanka

Instruments
KO
Share

Coca-Cola-backed initiative sets new benchmark in Sri Lanka's plantation sector by combining renewable energy, plastic recycling, community livelihoods and environmental conservation to create a circular economy model.

The Somerset Eco Material Collection and Processing Centre (MCPC), established at Somerset Estate in Radella under the Strengthening Women and Youth Engagement in Informal Waste Management in Sri Lanka (SWYFT) project, is Sri Lanka's first material collection and processing centre powered entirely by hydropower.

Funded by The Coca-Cola Foundation and implemented by Janathakshan, with Neptune Recyclers as the recycling partner and Talawakelle Tea Estates as the plantation-sector partner, the facility demonstrates how waste recovery can be linked with clean energy and inclusive economic development.

The centre draws electricity from a nearby small-scale hydropower plant on the Nanu Oya River, providing renewable power for its operations while also charging electric three-wheelers and bicycles used to collect recyclable waste from surrounding communities.

More on Stocks

Disclaimer: Guavy is a data and market intelligence provider, not an investment adviser. The information, signals, and market analysis provided by the Guavy API and related services are for informational purposes only and are not intended as financial advice, investment recommendations, or an endorsement of any particular trading strategy. Trading in volatile markets, including cryptocurrency, carries significant risk and may not be suitable for all investors. Past performance is not indicative of future results. Users should consult with a qualified financial professional before making any investment decisions. Guavy makes no guarantee of trading profits or financial returns.

Market sentiment intelligence for apps, funds & agents

Location

729 55 Ave SW
Calgary AB T2V 0G4
Canada

© 2026 Guavy Inc