28th March 2011, www.lankabusinessonline.com
Sri Lankan venture capital Lanka Ventures said it will invest 384 million rupees through a subsidiary to set up a wind power plant on the island's north-west coast.
A stock exchange filing said LVL Energy Fund (LEF), a fully-owned subsidiary of Lanka Ventures, has signed a deal with LTL Holdings to set up a 10MW wind power generation plant in the Kalpitiya peninsula.
LEF will invest 384 million rupees for an equity stake of 40 percent in the project company named Pawan Danavi, it said.
Related Info :
• Sri Lanka Non Conventional Renewable Energy Contribution to the National Grid was 6.8pct in 2010 with New Projects
• High Potential for Wind Power in Sri Lanka. Five New Plants to be Built. 300MW of Power to be Added