Tuesday June 18, 2019

Sri Lanka's Sunshine Holdings eyes solar and wind power

Jun 19, 2018 07:02 AM GMT+0530 | 0 Comment(s)

ECONOMYNEXT - Sri Lanka's Sunshine Holdings Plc, which is already in hydro power generation is planning to enter the solar and wind energy, by the firm's own projects as well through acquisitions or partnerships.

"We are currently looking into the feasibility of venturing into roof top solar power projects in the near future," Group Managing Director Vish Govindasamy told shareholders

"We are also looking at a public-private partnership on ground mounted solar projects."

Sunshine has identified locations where up to 1 MegaWatt of rooftop solar could be built. A pilot project was underway to learn about the sector, the company said.

With the Ceylon Electricity Board and the government looking to increase renewable energy, the firm was also wanted to get into ground mounted solar on their own or with partners.

In wind the company would partner "like-minded investors", the firm said.

Sunshine already runs two mini-hydro plants in Lindula, Talawakelle, with a combined capacity of 4.2 MegaWatts. A 2.4MW plant is under construction in Lippakelle estate. (Colombo/June19/2018)