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Sri Lanka’s WindForce to invest Rs535.5mn in 10 MW wind power project
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Sri Lanka’s WindForce to invest Rs535.5mn in 10 MW wind power project
ECONOMYNEXT – Sri Lanka energy firm WindForce PLC said it has acquired a 51 percent equity stake in Safe Power International (Pvt) Ltd for 535.5 million rupees to develop a 10 MW Wind Power Project in Alankuda, Puttalam. The estimated total project cost is 4.2 billion, WindForce said in a stock exchange filing. This will be financed through a debt-to-equity ratio of 75:25. WindForce PLC’s equity contribution amounts to LKR 535.5 million. “Of thi…
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