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Sri Lanka Distilleries makes hydro power move

Officials from K. Seeds Investments Pvt Ltd (at left) with officials from Commercial Credit and Finance PLC (at right)

Mar 30, 2010 (LBO) - Sri Lanka's Distilleries Company, said it was spending 750 million rupees to buy into a 4 MegaWatt hydro power plant in a tea plantation which is an associate firm in its group.
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Distilleries is part of the Stassen's group controlled by businessmen Harry Jayewardene.

Bogo Power Pvt Ltd, will be built on Kirkoswals estate in the Bogowantalawa area in Sri Lanka's central hill region.

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Distilleries said the firm had already signed a standardized power purchase agreement with state-run Ceylon Electricity Board to sell its output.

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