@seek wrote:
Good input. Thanks.
Let me come to the reality.
Have you invested in a hydro-power company? If so, what is your best pick according to aforementioned criteria?
Good question ! ( though, You have put me in a difficult position)
Have you invested in a hydro-power company?Yes, have some shares , (But not really I have invested).
Actually , that's a private company , and that was a friendly offer to appreciate some work I did for them, during the initial stages.
With regard to listed companies , I have few shares just to gather company information /accounts.
what is your best pick according to aforementioned criteria?Actually,I have not done a comparative study based on above criteria , because.... ..
# with regard to criteria 1, PPA terms are not available in company published documents. Terms of PPA and rates are not same for all companies. These have been revised from time to time, by CEB / Utility Commission. But if someone knows the exact time ( period) of the PPA , the rates and terms applicable to that particular project can be ascertained. This needs some investigation.
#Criteria no. 3- information regarding to the plant, also has to be sourced from outside. But someone need not to engage in spying, because normally these are "public information" among developers in the same geographical area,
# I am reluctant to pay attention to hydro shares , specially because of criteria no 4. As to my knowledge ( I may be wrong ?), the major shareholders involved in all quoted hydro companies , are not the original developers. They came into the scene much later, only as an investment. Most are involved in other "big businesses ", and naturally their interest may not align with that of minor shareholders.
It seems most investors are going after these shares based on rainfall factor. That's also logical.
Sorry, that I disappointed you (what is the best pick ? ), nevertheless I am glad to here your views on the last point about major shareholders.
Sometimes back there was an interesting ( and aggressive ?) discussion in this forum , on tariff rates, PPA, and the role of Utility Commission. I found the link.....
http://forum.srilankaequity.com/t26639-pap-will-take-over-by-hemas-power
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