ECONOMYNEXT – Sri Lanka energy firm WindForce PLC said it has acquired a 51 percent equity stake in Safe Power International (Pvt) Ltd for 535.5 million rupees to develop a 10 MW Wind Power Project in Alankuda, Puttalam. The estimated total project cost is 4.2 billion, WindForce said in a stock exchange filing. This will be financed through a debt-to-equity ratio of 75:25. WindForce PLC’s equity contribution amounts to LKR 535.5 million. “Of this, a sum of LKR 231 million was disbursed at the time of signing the shareholder agreement.” Related Sri Lanka’s WindForce to develop 10 MW wind power…
Sri Lanka’s WindForce to invest Rs535.5mn in 10 MW wind power project
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