FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com


Join the forum, it's quick and easy

FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com
FINANCIAL CHRONICLE™
Would you like to react to this message? Create an account in a few clicks or log in to continue.

Encyclopedia of Latest news, reviews, discussions and analysis of stock market and investment opportunities in Sri Lanka


Submit PostSubmit Post
ශ්‍රී ලංකා මූල්‍ය වංශකථාව - සිංහල
Submit Post



Latest topics

» Make it your goal to stay positive in a negative market
by reyaz Today at 9:01 pm

» Daily Foreign Transactions
by Pradeep90 Today at 8:32 pm

» CHEVRON LUBRICANTS LANKA PLC ((LLUB.N0000)
by Antonym Today at 8:23 pm

» GLAS will be winner with Super Gain.
by C.THARANGA Today at 8:12 pm

» What will happen tomorrow?
by dul324 Today at 5:35 pm

» Most Undervalued Shares
by celtic tiger Today at 1:38 pm

» Ban of chemical fertilizers is a great news
by samaritan Today at 9:59 am

» SANASA DEVELOPMENT BANK PLC (SDB.N0000)
by samaritan Today at 9:48 am

» Price prediction on GRAN and TAFL
by Antonym Today at 8:47 am

» CENTRAL INDUSTRIES PLC (CIND.N0000)
by Bakkabwoi Today at 12:25 am

» DIPD/HAYC/HAYL
by desilva Yesterday at 10:48 pm

» Prime Residencies IPO. Over Priced?
by ChooBoy Yesterday at 5:08 pm

» FUTURE of BROWNS INVESTMENT PLC (BIL)
by samaritan Yesterday at 1:10 pm

» RSI & Stop Loss Combined Strategy to generate more than 70% profit in CSE
by samaritan Yesterday at 11:51 am

» "MFL" DEAL to 12 RS (multi finance plc)
by arunaupendra Yesterday at 9:47 am

» Millennial Capital Youtube Channel
by MillennialC Mon May 10, 2021 11:09 pm

» JANASHAKTHI INSURANCE COMPANY PLC
by Accountant Mon May 10, 2021 6:33 pm

» Synergies of possible merger between Sampath Bank and PABC
by MoneyLover Mon May 10, 2021 4:04 pm

» GREAT NEWS! Sri Lanka inks US$500mn deal with Korea Eximbank financing
by ADVENTUS Mon May 10, 2021 2:16 pm

» Sri Lanka Investment Forum 2021
by samaritan Sat May 08, 2021 1:06 pm

EXPERT CHRONICLE™

ECONOMIC CHRONICLE

GROSS DOMESTIC PRODUCT (GDP)


CHRONICLE™ YouTube

CHRONICLE™ NEWS PRODUCTS

FINANCIAL CHRONICLE™

Views & Reviews, Analysis, Evaluations, Discussions, Gossip and Hot Tips relating to Sri Lankan companies listed on the Colombo Stock Exchange (CSE)
Contribute




DAILY CHRONICLE™

Latest news and articles published in Newspapers, Websites, Blogs and other online news sites relating to business and investments in Sri Lanka
Contribute



ECONOMIC CHRONICLE™

This is a section that provide news, views, analysis, predications relating to Political and Socio-Economic factors and how such activities affect the Stock Market and other economic activity of the Country.

Contribute




EXPERT CHRONICLE™

This is an exclusive section for Expert Articles which will help member to share knowledge through comments and responses of the members. All members are allowed to reply and make comments to these articles.

Contribute


Submit Post


CHRONICLE™ YouTube

Youtube Videos and other visual presentations relating Stock market and other investment advise submitted by members or other contributors.

Contribute


Submit Post


කොළඔ කොටස් වෙළඳපොළේ වංශකථාව
කොළඔ කොටස් වෙළඳපොළේ ලැයිස්තුගත සමාගම් කොටස් ගැන තොරතුරු¸විශ්ලේෂණ¸සාකච්ඡා¸ කටකතා¸රසකතා යන සියල්ල අපේම සිංහලෙන් කතා කළ හැකි ‘කතා මණ්ඩපය’

Contribute

Twitter Feeds
POPULAR COMPANIES
A

ABANS ELECTRICALS PLC

ACCESS ENGINEERING PLC Hot

ACL CABLES PLC

ACL PLASTICS PLC

ACME PRINTING & PACKAGING PLC

AGSTAR PLC

AITKEN SPENCE HOTEL HOLDINGS PLC

AITKEN SPENCE PLC

ANILANA HOTELS AND PROPERTIES PLC

ARPICO INSURANCE PLC

ASIA ASSET FINANCE PLC

ASIA CAPITAL PLC

B

BAIRAHA FARMS PLC

BALANGODA PLANTATIONS PLC

BIMPUTH FINANCE PLC

BLUE DIAMONDS JEWELLERY WORLDWIDE PLC

B P P L HOLDINGS PLC

BROWNS BEACH HOTELS PLC

BROWNS INVESTMENTS PLC

C

CARGO BOAT DEVELOPMENT COMPANY PLC

CENTRAL INDUSTRIES PLC

CEYLON COLD STORES PLC

CEYLON GRAIN ELEVATORS PLC Hot

CEYLON TEA BROKERS PLC

CEYLON TOBACCO COMPANY PLC

CHEVRON LUBRICANTS LANKA PLC

COLOMBO FORT LAND & BUILDING PLC

COMMERCIAL BANK OF CEYLON PLC

CITRUS LEISURE PLC Hot

COMMERCIAL CREDIT AND FINANCE PLC

D

DANKOTUWA PORCELAIN PLC

DFCC BANK PLC

DIALOG AXIATA PLC

DIALOG FINANCE PLC

DIPPED PRODUCTS PLC

DISTILLERIES COMPANY OF SRI LANKA PLC

DUNAMIS CAPITAL PLC

E

EAST WEST PROPERTIES PLC Hot

EASTERN MERCHANTS PLC

EXPOLANKA HOLDINGS PLC

E-CHANNELLING PLC

F

FIRST CAPITAL HOLDINGS PLC

G

GALADARI HOTELS (LANKA) PLC

GUARDIAN CAPITAL PARTNERS PLC

H

HATTON NATIONAL BANK PLC

HAYLEYS PLC

HAYLEYS FABRIC PLC

HAYLEYS FIBRE PLC Hot

HEMAS HOLDINGS PLC

HIKKADUWA BEACH RESORT PLC

HNB ASSURANCE PLC

HVA FOODS PLC

J

JANASHAKTHI INSURANCE COMPANY PLC

JOHN KEELLS HOLDINGS PLC Hot

JOHN KEELLS HOTELS PLC

L

LANKA ASHOK LEYLAND PLC

LANKA IOC PLC

LANKEM CEYLON PLC

LANKEM DEVELOPMENTS PLC

LAUGFS GAS PLC

LAUGFS POWER LIMITED

LOLC FINANCE PLC

LOLC HOLDINGS PLC

LUCKY LANKA MILK PROCESSING COMPANY PLC

M

MELSTACORP PLC

N

NATIONAL DEVELOPMENT BANK PLC

NATION LANKA FINANCE PLC

NESTLE LANKA PLC

O

ORIENT FINANCE PLC

OVERSEAS REALTY (CEYLON) PLC

P

PANASIAN POWER PLC

PEOPLE'S LEASING & FINANCE PLC

PIRAMAL GLASS CEYLON PLC

PRIME FINANCE PLC

R

RAIGAM WAYAMBA SALTERNS PLC

RENUKA AGRI FOODS PLC

RENUKA CAPITAL PLC

RENUKA HOLDINGS PLC

RICHARD PIERIS AND COMPANY PLC

RICHARD PIERIS EXPORTS PLC Hot

ROYAL CERAMICS PLC

S

SAMPATH BANK PLC

SEYLAN BANK PLC

SIERRA CABLES PLC

SINGHE HOSPITALS PLC Hot

SMB LEASING PLC

SOFTLOGIC HOLDINGS PLC

SOFTLOGIC LIFE INSURANCE PLC

SRI LANKA TELECOM PLC

SWISSTEK (CEYLON) PLC Hot

T

TEEJAY LANKA PLC

TESS AGRO PLC

THREE ACRE FARMS PLC

TOKYO CEMENT COMPANY (LANKA) PLC Hot

U

UNION BANK OF COLOMBO PLC

V

VALLIBEL FINANCE PLC

VALLIBEL ONE PLC Hot

VALLIBEL POWER ERATHNA PLC

W

WASKADUWA BEACH RESORT PLC


You are not connected. Please login or register

FINANCIAL CHRONICLE™ » DAILY CHRONICLE™ » LAUGFS to set up largest solar power plant with Rs. 5 b investment

LAUGFS to set up largest solar power plant with Rs. 5 b investment

Go down  Message [Page 1 of 1]

Melissa Pereira


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
LAUGFS Holdings Ltd., has further expanded its footprint in the power and energy sector with the acquisition of two solar power projects as part of an ambitious expansion plan to set up the largest generator in the country.


LAUGFS Power, a wholly-owned subsidiary of LAUGFS Gas PLC and engaged in renewable energy solutions, recently announced the acquisition of Anorchi Lanka Ltd. and Irish Eco Power Lanka Ltd., which have the right to develop two solar power projects. Once completed, this is expected to be the largest solar power project in the country with a combined capacity of 20MW and adding around 34GWh to the national grid every year. 
Situated in Hambantota in a 90 acre site, the projects are due to be commissioned during 2016 with a total estimated investment of Rs.4.5 to 5 billion and would be a mere precursor to the company’s ambitious plans in the pipeline for the renewable energy sector.
In keeping with global trends, focus on sustainable energy solutions has increased rapidly over the recent few years in Sri Lanka, with the Government’s plans to increase the contribution of renewable energy to 20% of the total energy requirement by 2020. LAUGFS’s investment in solar power aims to further strengthen its expansion plans in the power and energy sector with renewable and sustainable energy solutions.
“We believe that there is tremendous potential to develop renewable energy sources in taking the country towards a sustainable energy future. With so many resources freely available to us, it is time to make the most of these for the betterment of our nation,” LAUGFS Holdings Group Chairman W.K.H. Wegapitiya said.



 “Our commitment to sustainability has always been a part of our business strategy. It is at the core of how we operate and extends beyond our businesses as a firm commitment made towards our environment, our people, our industries and our country. Therefore we are constantly looking to develop and integrate sustainable ways of doing business, as we believe it is our responsibility to ensure that the future of our country remains secure for the next generations,” added Group Managing Director U.K. Thilak De Silva.
Since inception, LAUGFS has had a strong focus on exploring and developing sustainable and environmentally friendly energy solutions. The pioneering auto gas conversion business, which marked the inception of LAUGFS 20 years ago, rapidly became popular among Sri Lankan motorists as a cost effective and a more environmentally sound approach to automotive energy. In 2001, LAUGFS entered the LPG industry offering an alternative, cleaner energy solution for both domestic and commercial markets.
LAUGFS today engages in hydro power generation and supplying to the national grid, with several more hydro power plants under construction. The company has further extended its focus on renewable energy sources towards its other business operations. Anantaya Resorts & Spa, for example, generates part of the hotel’s energy requirement through on-site wind and solar power sources. 



LAUGFS also plans to further expand into larger scale generation of wind and hydro energy with long term plans to extend beyond national borders, into the South and South Eastern regions of Asia. As it celebrates its 20 year journey, LAUGFS continues to strengthen its position as a leader and pioneer in the power and energy sector with a firm focus on sustainable energy solutions, determined to place Sri Lanka on the global map for renewable energy.
Courtesy: Daily Financial Times 11 September 

Back to top  Message [Page 1 of 1]

Permissions in this forum:
You cannot reply to topics in this forum