ECONOMYNEXT – Sri Lanka energy firm WindForce PLC said it has acquired a 51 percent equity stake in Safe Power International (Pvt) Ltd to develop a 10 MW Wind Power Project in Alankuda, Puttalam. “Safe Power International (Pvt) Ltd has been incorporated to develop a 10 MW Wind Power Project in Alankuda, Puttalam District, Sri Lanka, with an estimated total project cost of LKR 4.2 billion,” WindForce said in a stock exchange filing. The project will be financed through a 75:25 debt-to-equity structure, the company said. The remaining 49 percent of Safe Power International is held by Arinma Power (Pvt)…
Sri Lanka’s WindForce to develop 10 MW wind power project
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