Sri Lanka Resus Energy buys firm with hydropower plant license
ECONOMYNEXT – Resus Energy, a Sri Lankan renewable energy company that owns and operates hydro power plants, said it bought a firm with approval for a small hydro power plant in Kegalle district for 20.3 million rupees.
A stock exchange filing said Resus Energy, formerly Hemas Power, had bought 45,005 voting shares, being the total issued capital of JB Power (Pvt) Ltd.
JB Power has approvals to develop a 700 kilowatt hydropower plant in the Kegalle district.
Resus Energy operates three hydropower plants with a capacity of 7MW.
(COLOMBO, April 17, 2017)