FLC Hydro Power PLC subsidiary Thebuwana Hydro Power (Pvt.) Ltd launched its latest 800 kilowatt Thebuwana Mini Hydro Plant last week.
The plant expands FLC Hydro Power group’s capacity to 4.9 megawatts. The group also launched the 900 kilowatt Stellenberg Mini Hydro Plant in January 2014. Both power plants have been exempted from tax through the Board of Investment.
Construction of the Thebuwana Mini Hydro Plant was delayed. However, the company believes that an unusually high plant load factor will ensure steady revenue streams, mitigating the delay.