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Sri Lanka Laugfs Gas to invest in more solar power

ECONOMYNEXT – Sri Lanka’s Laugfs Gas group, which supplies liquid petroleum gas, is to invest Rs2.5 billion more this year in expanding its solar power capacity with more plants.

“We plan to continue our aggressive growth strategy to 2018/19 at an investment cost of Rs 2.5 billion,” the company told shareholders in its annual report for 2016-17.

The investments will include two solar power projects of 10 MW and 2 MW.

“In addition, we are looking to extend our opportunities to wind and floating  solar projects which will further diversify our renewable energy capacity,” the company said.

It said its medium -term goal is to increase the renewable energy portfolio to 80 MW by 2020.
(COLOMBO, June 06, 2018)

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