Browns Capital acquires Saga Solar Power controlling stake

30 October 2015 05:19 am - 0     - {{hitsCtrl.values.hits}}

A A A

Browns Capital PLC announced that it has purchased a controlling stake of Saga Solar Power (Pvt) Ltd for Rs.407.06 million.
Browns Capital has purchased 38.70 million shares in Saga Solar Power, amounting to a 50.1 percent ownership.
Saga Solar Power operates the 10 Megawatt solar power project in Buruthakanda, Hambantota. 

The construction started in 2010 and was completed this year at a cost of US$ 18 million, 70 percent of which was funded through an IFC loan. The project covering 45 acres, falls under the Ministry of Power and Energy’s Sustainable Energy Authority.
According to Industrial Solutions Lanka (Pvt) Ltd Managing Director Anura Vidanagamage, whose company was involved with the project, the annual revenue from the project will be Rs.439 million, with an internal rate of return of 15.34 percent.
According to him, the electricity tariff from the project is Rs.23.10 per unit.
See Kapruka's top selling online shopping categories such as Toys, Grocery, Flowers, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,News, Courier/Delivery, Food Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka.

 

  Comments - 0

See Kapruka's top selling online shopping categories such as Toys, Grocery, Flowers, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,News, Courier/Delivery, Food Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka.

 

 

Add comment

Comments will be edited (grammar, spelling and slang) and authorized at the discretion of Daily Mirror online. The website also has the right not to publish selected comments.

Reply To:

Name - Reply Comment




US Vice President-Elect Kamala Harris’s Key Sri Lankan Tamil Aide

An overwhelming feeling of relief has descended upon the world-not merely th

The virus may be spreading much faster than official data suggest

The daily case reports from the Epidemiology Unit are the only data we have t

Credentials of official raise controversy

Amila Ishan Kankanamge, the Government appointed non-Executive Director to Mo

How the SLAF killed the LTTE’s “Smiling Cobra” in an air strike

More than eleven years have passed since the war between the Sri Lankan Armed

See Kapruka's top selling online shopping categories such as Toys, Grocery, Flowers, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,News, Courier/Delivery, Food Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka.