30 March 2010

Sri Lanka Distilleries Invests in 4MW Hydro Power Plant

30th March 2010, www.lankabusinessonline.com

Sri Lanka's Distilleries Company, said it was spending 750 million rupees to by into a 4 MegaWatt hydro power plant in a tea plantation which is an associate firm in its group. Bogo Power Pvt Ltd, will be built on Kirkoswals estate in the Bogowantalawa area in Sri Lanka's central hill region.

Distilleries said the firm had already signed a standardized power purchase agreement with state-run Ceylon Electricity Board to sell its output.

Distilleries is part of the Stassen's group controlled by businessmen Harry Jayewardene.

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