Panasian Power PLC MOU with Padiyapelella Hydro Power (Pvt) Ltd.

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Panasian power PLC
Panasian power PLC

13th June 2011, the Panasian Power PLC announced to Colombo Stock Exchange that company has signed a Memorandum of Understanding (MOU) with Padiyapelella Hydro Power (Pvt) Ltd for the acquisition of their entire shares.

Padiyapelella Hydro Power (Pvt) Ltd is presently owns 2 Mini Hydro Power Projects in Padiyapelella in the central province.

Phase one will contribute 3.5 Megawatts to the national Grid from January 2012 and power purchase agreement has been signed for Phase 2 for a capacity of 3 Megawatts.

Source: http://www.cse.lk/cmt/upload_cse_announcements/5231307962218_.pdf


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2 responses to “Panasian Power PLC MOU with Padiyapelella Hydro Power (Pvt) Ltd.”

  1. priya thiyagaratnam Avatar
    priya thiyagaratnam

    looking for hydro power projects…above 10 mega watts…investors available…URGENT
    careerwise@gmail.com or 94773265235

    1. prasanna Avatar

      Dear Priya Thiyagaratnam,
      All the best for the your proposals,
      Regards,
      Prasanna.A

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