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Sri Lanka Mackwoods mulls investments in mature hydro power projects

ECONOMYNEXT – Sri Lankan energy firm Mackwoods Energy said it is considering investments in more mature hydro power projects, which already have approval given continuing delays in getting approvals for its own projects.

The firm is also exploring projects in other renewable energy segments such as solar, wind, bio-mass and bio-gas, and waste to energy projects in line with the company’s objectives of diversifying into the renewable energy sector, a stock exchange filing said.

“In view of the persistent delay in implementation of mini hydro power projects, including transmission lines and grid availability issues, the company is exploring investments in more mature hydro power projects that already have approval,” the statement said.
(COLOMBO, Feb 24, 2017)

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