Sri Lanka venture capital firm invests in wind power

Mar 28, 2011 (LBO) - Sri Lankan venture capital Lanka Ventures said it will invest 384 million rupees through a subsidiary to set up a wind power plant on the island's north-west coast.
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A stock exchange filing said LVL Energy Fund (LEF), a fully-owned subsidiary of Lanka Ventures, has signed a deal with LTL Holdings to set up a 10MW wind power generation plant in the Kalpitiya peninsula.
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LEF will invest 384 million rupees for an equity stake of 40 percent in the project company named Pawan Danavi, it said.

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