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Browns Capital buys into Sri Lanka solar power plant

ECONOMYNEXT – Browns Capital PLC said it had invested 407 million rupees to acquire a 50 percent stake in Saga Solar Power (Pvt) Ltd.

The firm said in a stock exchange filing it bought 38.7 million shares of Saga Solar Power (Pvt) Ltd. which operates a 10MW solar power project at Baruthakanda village in southern Hambantota.

The Saga Solar power plant, set up under the Sri Lanka Sustainable Energy Authority, has a 20-year power purchase agreement.  (Colombo/October 28 2015)

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