Laugfs goes hydro

6 January 2011 03:00 pm - 11 - {{hitsCtrl.values.hits}}

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Laugfs Gas distributor has decided to enter the country’s mini hydro power generation sector with an initial investment of Rs.500 million, a Stock Exchange disclosure filed by the company said.

This is its first investment in the hydro power sector and the company expects to develop Ranmudu Oya Mini Hydro Project in Balangoda under its fully owned subsidiary M/s Laugfs Power Ltd.

Two days back the company also said that they have struck a deal with Bharat Petroleum of India to supply the local market with an innovative metal cutting gas.

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Comments - 11

Yehiya-Doha Friday, 07 January 2011 01:41 AM

Its good move. Why they paying royalty for aceytelene(metal cutting gas) gas. They can start with own name.

Cobra Friday, 07 January 2011 01:42 AM

How come? The Govt. recently put a thitha to mini hydro projects, didn't they? How much is 10% of Rs.500 million,please?

Nuwan Gamage Friday, 07 January 2011 02:08 AM

It's not called a 'stock exchange disclosure'. It's called a "filing with the SEC" because it is a disclosure filed with the SEC.

iam Friday, 07 January 2011 02:33 AM

Gov has stopped giving approval to build mini hydro schemes ecological considerations. Then why this IPO?

Dinesh Friday, 07 January 2011 03:04 AM

It is nice to see private sector investments,but what is benift the people going to get out of it is the big question?

TDDC Friday, 07 January 2011 03:44 AM

Denesh, Do you like to go back to Cuban /North Korean modal? or like to go back to Mrs Bandaranayake model of development or you prefer minihydro shold be undertaken by the bankrupted CEB. So what is your best advise????

Dinesh Friday, 07 January 2011 04:41 AM

TDDC I am not saying this should not be given to private sector.My point is whether there is a necesary to have this plant nwt ? reduction in rates ? If yes it would be benifit the people.

lankaman Friday, 07 January 2011 04:53 AM

10% of 500 million is 50 million

malkanthi Friday, 07 January 2011 05:20 AM

Study the present day politics, and dont be surprised at such moves!

Leslie Friday, 07 January 2011 06:55 AM

Will these Mini hydro power generating schemes bring down the cost of electricity the public has to pay or benefit only those who have approved the scheme?

Cobra Friday, 07 January 2011 10:48 AM

Thank you Lankaman, food for thought eh?

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Laugfs goes hydro

Comments - 11

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