Sri Lanka gas distributor invests Rs500mn in mini-hydro

CEAT Kelani Holdings Managing Director Ravi Dadlani (right) and Lanka Ashok Leyland CEO Umesh Gautham exchange the OEM agreement

Jan 06, 2011 (LBO) – Sri Lankan liquid petroleum gas distributor Laugfs Gas plans to invest 500 million rupees in a mini-hydro power project, a stock exchange filing said. The project will be done by a fully-owned company subsidiary called Laugfs Power and will be its first mini-hydro power project.

Construction work on the Ranmudu Oya Mini Hydro Project in Balangoda, in the hills south east of the capital Colombo, will start soon, the statement said.

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