Vidullanka emerges lowest bidder for mini hydropower project in Fiji

Vidullanka PLC announced it has emerged as the lowest-cost bidder for an engineering, procurement and construction contract to expand and upgrade a 100-kilowatt mini hydropower facility at Buca Village in Fiji, marking a potential overseas renewable energy win for the Sri Lankan firm.
In a disclosure to the Colombo Stock Exchange, the company said the determination was made on December 19, 2025 and represents a material step towards securing the contract, although the formal award is still pending. 
Vidullanka noted that the development is price-sensitive, given its potential impact on future business activity and the company’s longer-term market positioning.
The company said further announcements would be made once the contract is formally awarded, material agreements are executed or there are additional developments related to the tender process. It cautioned that the potential award remains subject to technical evaluations, decisions by the evaluation committee, regulatory approvals and successful negotiation of final terms.