Sri Lanka’s Aberdeen Holdings buys into power firm

COLOMBO (EconomyNext) – Aberdeen Holdings (Pvt) Ltd, a privately held investment company, has bought into Vidullanka a mini-hydro power firm paying 439 million rupees for a 15.3 percent stake.

The shares were sold by high networth investor T Senthilverl Tuesday, a stock exchange filing said.

Aberdeen Holdings is the family holding company of Sri Lanka’s Kassim family who founded Expolanka Holdings, a logistics firm which is now controlled by a Japanese firm.

Aberdeen Holdings already has interests in renewable energy, with a subsidiary dealing in residential and commercial solar energy, according to its website.

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