Sri Lanka DSI group expands hydro investments

Jan 16, 2013 (LBO) – Sri Lanka’s DSI Holdings group, which has interests in footwear and rubber products, is investing 350 million rupees in a two Mega Watt mini-hydro plant, Fitch Ratings said. Earlier reports said that the total cost of the plant built by Werapitiya Hydro Power (Pvt) Ltd would be around 450 million rupees which is expected to be connected to the national power grid this year.

Fitch said the investment will increase group debt.

DSI group already has 2MW hydro plant, Hydro Trust Lanka (Pvt) Ltd, which is running a mini-hydro plant in Kuda Oya in Aranayake near Mawanella, according to the group website. .