Thursday, January 6, 2011

Sri Lanka gas distributor invests Rs500mn in mini-hydro


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.

source - www.lbo.lk

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