Lankapage Logo Recent Top Stories
CP 14 YEARS
Go Home Home Serving the Sri Lankan community globally since 2000
go to LankaPage.com

Leading News from Sri Lanka::

* Malaysian firm to invest in a hybrid power project in Sri Lanka's North
Tue, Jul 29, 2014, 11:35 pm SL Time, ColomboPage News Desk, Sri Lanka.

July 29, Kuala Lumpur: Malaysia's state-owned utility company Tenaga Nasional Bhd (TNB) has signed an agreement to invest in a hybrid wind and solar power project in Sri Lanka's Northern Jaffna peninsula.

TNB, one of the largest companies listed on Bursa Malaysia, announced in a market disclosure that it signed an investment agreement with KLS Energy group to set up a 35 MW Renewable Energy Hybrid Wind and Solar Power Project in Kankasanthurai, Jaffna.

The Malaysian utility company has been invited by KLS to acquire a stake in its wholly-owned subsidiary KLS Energy.

KLS Energy is the holding company of KLS Energy Lanka (Private) limited which has been granted a 20-year concession to develop the project by the Sri Lankan power authority, Ceylon electricity Board.

The Investment Agreement signed on 25 July allows for the completion of TNB's due diligence exercise and the continuation of exclusive negotiations to finalize the terms and conditions of TNB's proposed investment in the Project.

TNB's entry into the definitive agreements for the Project is subject to being satisfied with the results of due diligence exercise and the fulfillment of conditions precedent, the disclosure said.

ColomboPage - Recent 10 Stories
Sri Lanka President concerned about escalating terrorism, even in Canada
-- [4 hours ago]
Fire destroys row of shops in Sri Lankan capital
-- [4 hours ago]
Sri Lanka National Chamber conducts Budget Seminar 2015
-- [5 hours ago]
Sri Lankan President prepares to present the budget 2015 to parliament tomorrow
-- [5 hours ago]
MRL Corporation starts key test work on Sri Lanka graphite
-- [6 hours ago]
Tamil Nadu political leaders advise Modi not to have closer defense ties with Sri Lanka
Sri Lankan President opens cricketer Dilshan's luxury hotel
Belarus MPs to focus on economic ties during next month's visit to Sri Lanka
CaFFE and CHR condemn attack on Sri Lanka university students
Sri Lanka Army to assist Bangladesh Army to set up a women corps unit

Copyright © 2000, 2014 by LankaPage.com (LLC) :
The news and other contents on ColomboPage are copyrighted property of LankaPage.com, LLC. Any unauthorized use of any information on ColomboPage may constitute a violation of copyright laws. You need written permission to reproduce, republish, post, transmit, broadcast or distribute, material from this site from LankaPage.com, LLC. However, news organizations or broadcasters in Sri Lanka may republish the news items in ColomboPage with proper acknowledgment to ColomboPage.