Sri Lanka firms in 10MW Nepal hydro power project
ECONOMYNEXT – Sri Lanka-based Lanka Ventures Plc, a venture capital firm with a strong focus on energy, said it will invest $3.0 million in a 10MegaWatt hydro power plant in Nepal, involving a 45 percent stake.
Its partner, LTL Holdings, a Colombo-based power firm, will hold the balance 55 percent stake.
The project named Makari Gad Hydro will be in Darchula of the Far Western Development Region of Nepal.
The 10MW plant will have a head of 924 meters and can generate 70GigaWatt hours of energy, giving it a plant factor of 80 percent.
Run-of-the-river hydro plants (which do not have storage) will generally give about 30 percent or less plant factor in Sri Lanka based on rainfall and the head.
LTL Holdings is a Sri Lanka-based power company with which Lanka Ventures has invested in thermal plants in Bangladesh and a wind project in Sri Lanka. (Colombo/Aug24/2016)