Japan’s SBI invests US2mn in Sri Lanka’s Sunshine energy

ECONOMYNEXT – SBI Ven Holdings (Pte) Ltd, a unit of SBI Holdings Inc or Japan has invested 2 million US dollars in Sri Lanka’s Sunshine Energy (Pvt) Ltd taking a 30 percent stake.

Commenting on their latest association with Japan’s financial giant,

"At a time where the investor confidence and sentiment have been greatly affected, SBI VenHoldings’s investment on Sunshine Energy brings in vital foreign direct investments (FDI) to Sri Lanka when it is much needed in the market and the economy,"  Sunshine Holdings Group Managing Director Vish Govindasamy said.

He said the investment will help the firm contribute to Sri Lanka’s renewable energy targets.

Sunshine group has built hydro and solar power capacity. (Colombo/July24/2019)