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Monday, 18 May 2015 00:27 - - {{hitsCtrl.values.hits}}
Vidullanka Plc has completed its eighth mini hydro power project last week, bringing the total renewable energy produced by the Group to 16.75 MW.
It said the construction of the 1.75 MW Rideepana Mini Hydro Power Plant in Andeniya, Badulla, was successfully completed and was commission to the national grid on 15 May.
The latest project for which an investment of Rs. 20 million was made is owned by Rideepana Hydro Ltd., a wholly-owned subsidiary of Vidullanka Plc.
In June last year, Vidullanka PLC commissioned its seventh mini hydro power plant in Kotmale, Nuwara-Eliya with the installed capacity of 4 MW. The project company, Lower Kotmale Minihydro Ltd. is a joint venture between Vidullanka PLC and the consortium of investors led by Jaywise Constructions Ltd.
Vidullanka’s mini hydro portfolio includes Bambarabatuoya (3.2 MW), Batathota (2 MW), Ganthuna (1.2 MW), Haloya (800 kW), Wembiyagoda (1.3 MW), Madugeta (2.5 MW), Lower Kothmale Oya (4 MW) and Rideepana (1.75MW). The Group is also planning its first overseas project to produces 6.5 MW via a fully owned subsidiary in Uganda.
The first biomass power generation project of Vidullanka with 2.5MW installed capacity will be located in Diyaviddagama, Dehiattakandiya and is expected to be grid connected during 2015/16 Financial Year.
A BOI approved company founded in 1997, Vidullanka constructs and operates hydroelectric power projects. It was the first power company to be listed in the Colombo Stock Exchange. A fully-owned subsidiary Vidul Construction Ltd. specialises in designing and construction of mini-hydro power projects.
Vidullanka Plc also owns a 10% stake in Panasian Power PLC.
High net worth but low profile investor Dr. T. Senthilverl is the largest shareholder in Vidullanka Plc with a 29.6% stake.
