Vidullanka PLC is a company that was established in year 1997 as a BOI approved project. The core business activity of the company is 'generating power through hydroelectricity'. Down the line they have also evolved into more sustainable sources of power such as wind and biomass. So even though generating hydroelectricity becomes more difficult under conditions like lack of rain water etc, the company has potential of maintaining it's operations through the other sources mentioned above.
Following are the details of the projects completed/being completed by Vidullanka PLC
Hydro Power
Bambarabatuoya - 12.33GWh
Sheen - 2.24GWh
Ganthuna - 4GWh
Wind Power
Ambewela - 1.1MWh
Biomass
Eastern Province (Still in research stage) - 2MW
Projects under construction
Hal Oya - 0.8 MW
Ethamala Ella - 2.0MW
Wembiyagoda - 1.3MW
Considering all these completed and other many projects to be completed, Vidullanka is going to be one of the major players in the power generation industry in Sri Lanka. It has also renewed it's concern on Solar Energy as a sustainable source of energy. It also follows Eco-Friendly technology concept which is still an unknown quantity to Sri Lanka but widely honored and respected in developed nations. Vidullanka also focuses on Clean Development Mechanism (CDM) which focuses on eco-friendly and emission reduction policies.
Latest quarterly financial report can be viewed here :
Quarterly Financial Report as of 30-06-2011
So in my opinion Vidullanka PLC has a greater potential in the long run and a must have in your portfolio if you're looking at long term gains.