Sri Lankaâ€™s Sunshine group mulls hydro, wind, solar energy investments
COLOMBO (EconomyNext) – Sri Lanka’s Sunshine Holdings plans to invest in more energy projects as part of a plan to expand the conglomerate’s business in key growth sectors of the economy.
Sunshine Holdings group Managing DirectorVish Govindasamy said they have one mini-hydropower plant generating 1.8MW running now.
“We are now building two more plants and we’ll then have 7.5MW in total,” he told a news conference.
Total investment in the hydropower sector will be close to 600 million rupees which will be committed by sometime next year.
“We’re also looking at opportunities in wind and solar power,” Govindasamy said.
Sunshine Holdings has a presence in key growth sectors like the pharmaceutical and healthcare business, plantations, fast moving consumer goods like branded tea and energy.