LVL ENERGY FUND PLC Investing in energy that powers nations LVL - - PowerPoint PPT Presentation

LVL ENERGY FUND PLC

Investing in energy that powers nations

LVL ENERGY FUND PLC

Investing in energy that powers nations

About Us

LVL ENERGY FUND PLC

LVL Energy Fund Limited was incorporated in June 2006 as a subsidiary of Lanka Ventures PLC with an initial capital of

• Rs. 300 Mn. The main objective of the Company was to

invest in the form of equity and quasi equity in projects in the power and energy sector in Sri Lanka and abroad. Up to June 2016 the Company had several rounds of fund raising which culminated in a total fund base of Rs. 2,636 Mn by 31st March 2017 prior to launching an IPO to raise further capital of Rs. 1,200 Mn and obtaining a listing for shares at the Colombo Stock Exchange. The Company remains a well-diversified entity with investments in renewable and thermal power projects in Sri Lanka, Bangladesh and Nepal.

BANGLADESH NEPAL SRI LANKA

Our Locations

Our Projects

LVL ENERGY FUND PLC

HYDRO POWER WIND POWER THERMAL POWER

Run-Of-River Hydro Power Plant begins at the weir which divert water via a canal or pipeline to bring the water to the power station. The water is then fed into a high-pressure penstock (or pipeline) which drives the water under high pressure into the powerhouse, where it is connected to an installed turbine driving the generator. The amount of power a hydro station can generate is dependent on the head and flow of the water. At the

• utlet
• f

the turbines, the water is discharged back to the river via a tailrace. Wind power is the use of air flow through wind turbines to provide the mechanical power to turn electric generators. Wind farms consist

• f

many individual wind turbines, which are connected to the electric power transmission network. The energy that can be captured by wind turbines is highly dependent on the local average wind speed. The speed of the wind rotates the blades

• f

a rotor, producing kinetic energy. The rotor then drives the generator that converts the mechanical energy into electricity. A thermal power plant is a power station in which heat energy is converted to electric power. Usually the turbine is steam-driven. The steam is produced in high pressure in the steam boiler from burning of fuel in boiler furnaces This steam is further super heated in a super heater. This superheated steam then enters into the turbine and rotates the turbine blades which drives an electric

• generator. After it passes through the

turbine, the steam is condensed in a condenser and recycled to where it was heated.

SOLAR POWER

Solar power generation systems collect and concentrate sunlight to produce the useable electricity. The solar panels consist of photovoltaic cells, known as PV or solar cells, to directly convert sunlight into usable electricity. These panels are made from semiconductor materials, usually some form of silicon. When photons from sunlight hit the semiconductor material free electrons are generated which can then flow through the material to produce a direct electrical current. The DC current then needs to be converted to alternating current (AC) using an inverter before it can be directly used

• r fed into the electrical grid.

HYDRO POWER

PROJECTS

LVL ENERGY FUND PLC

LVL ENERGY FUND PLC

Belihul Oya

Extended PPA Expiry Location

Belihul Oya

Catchment Area

21.5 km2

Rainfall

2,638 mm

per year Design Flow

1.5 m3/s

Capacity

2.2 MW

Commissioned Date

May 2002

Gross Heads

178 m April 2022

Nividu (Pvt) Ltd

Equipment Supplier

Wasserkraft, Germany

LVL ENERGY FUND PLC

Belihul Oya Plant Factor

6,976 8,406 9,927 10,283 9,988 3,552 6,695 9,893 36% 44% 52% 53% 52% 18% 35% 51%

• 2,000

4,000 6,000 8,000 10,000 12,000 2011/12 2012/13 2013/14 2014/15 2015/16 2016/17 2017/18 2018/19 0% 10% 20% 30% 40% 50% 60%

Plant Factor (Annual)

Plant Factor Generation (MWh)

* Plant generation had been affected due to the drought condition prevailed in the year 2016 and 2017.

70% 23% 18% 38% 0% 10% 20% 30% 40% 50% 60% 70% 80% Q3-Dec 2018 Q4-Mar 2019 Q1-Jun 2019 Q2-Sep 2019

Plant Factor (Quarterly)

LVL ENERGY FUND PLC

Belihul Oya Profitability

Revenue (Mn) Profit (Mn)

73 87 116 160 157 52 41 53

185 167 206 249 209 125 180 19

• 50

100 150 200 250 300

2011/12 2012/13 2013/14 2014/15 2015/16 2016/17 2017/18 2018/19

Profitability (Annual)

*Net profit is higher than the revenue due to dividend income under other income, from its 100% owned subsidiary Nividu Assupiniella.

18 6 5 10 8 (2) (3) 2

• 5

5 10 15 20 Q3-Dec 2018 Q4-Mar 2019 Q1-Jun 2019 Q2-Sep 2019

Profitability (Quarterly)

LVL ENERGY FUND PLC

Location

Assupini Ella

Catchment Area

27 km2

Rainfall

2,134 mm

per year Capacity

4.0 MW

Commissioned Date

November 2005

Nividu Assupini Ella (Pvt) Ltd

Equipment Supplier

VA Tech, Germany October 2020

* Extendable for another 20 years

Design Flow

2.2 m3/s

Gross Heads

210 m

PPA Expiry

Assupini Ella

LVL ENERGY FUND PLC

Assupini Ella Plant Factor

12,467 14,918 14,415 18,452 16,657 4,622 14,249 14,009 36% 43% 41% 53% 48% 13% 41% 40% 0% 10% 20% 30% 40% 50% 60% 2011/12 2012/13 2013/14 2014/15 2015/16 2016/17 2017/18 2018/19

• 2,000

4,000 6,000 8,000 10,000 12,000 14,000 16,000 18,000 20,000

Plant Factor (Annual)

Plant Factor Generation (MWh)

* Plant had to be shut down on 15th May 2016 due to part of the channel (approximately 30m) been damaged following a flash flood and earth slip. The plant was re-commissioned in September 2016 after repairs.

61% 10% 16% 61% 0% 10% 20% 30% 40% 50% 60% 70% Q3-Dec 2018 Q4-Mar 2019 Q1- June 2019 Q2-Sep 2019

Plant Factor (Quarterly)

LVL ENERGY FUND PLC

Assupini Ella Profitability

129 150 168 260 258 74 193 224 87 98 109 179 184 11 126 144 50 100 150 200 250 300 2011/12 2012/13 2013/14 2014/15 2015/16 2016/17 2017/18 2018/19

Profitability (Annual)

Revenue (Mn) Profit (Mn)

73 46 23 83 47 27 10 60 20 40 60 80 100 Q3-Dec 2018 Q4-Mar 2019 Q1- June 2019 Q2-Sep 2019

Profitability (Quarterly)

LVL ENERGY FUND PLC

Kadawala

PPA Expiry Location

Ginigathhena

Catchment Area

26 km2

Rainfall

4,406 mm

per year Design Flow

5.2 m3/s

Capacity

6 MW

Gross Heads

132 m

Commissioned Date

March 2008 February 2023

Unit Energy Lanka (Pvt) Ltd

* Extendable for another 20 years

Equipment Supplier

Voith Siemens, Germany

LVL ENERGY FUND PLC

Kadawala Plant Factor

8,284 10,107 3,701 15,925 14,015 11,635 14,306 12,713 16% 19% 7% 30% 27% 22% 27% 24%

• 2,000

4,000 6,000 8,000 10,000 12,000 14,000 16,000 18,000 2011/12 2012/13 2013/14 2014/15 2015/16 2016/17 2017/18 2018/19 0% 5% 10% 15% 20% 25% 30% 35%

Plant Factor (Annual)

Plant Factor Generation (MWh)

27% 3% 11% 33% 0% 5% 10% 15% 20% 25% 30% 35% Q3-Dec 2018 Q4-Mar 2019 Q1-Jun 2019 Q2-Sep 2019

Plant Factor (Quarterly)

84 97 46 239 216 167 196 203 11 16 (38) 113 105 78 95 87

• 50

50 100 150 200 250 300 2011/12 2012/13 2013/14 2014/15 2015/16 2016/17 2017/18 2018/19

Profitability (Annual)

LVL ENERGY FUND PLC

Kadawala Profitability

Revenue (Mn) Profit (Mn)

*On 13th May 2013, the plant went under water due to a flash flood following heavy rains in the area affecting other nearby hydro power plants as well. This incident caused damage to few anchor supports and electrical equipment including control panels.

48 36 23 69 22 14 5 37

• 10

20 30 40 50 60 70 80 Q3-Dec 2018 Q4-Mar 2019 Q1-Jun 2019 Q2-Sep 2019

Profitability (Quarterly)

LVL ENERGY FUND PLC

Neluwa

PPA Expiry Location

Gin Ganga

Catchment Area

304 km2

Rainfall

3,973 mm

per year Design Flow

40 m3/s

Capacity

2.2 MW

Commissioned Date

January 2008

Gross Heads

6 m December 2023

Neluwa Cascade Hydro Power (Pvt) Ltd

* Extendable for another 20 years

Equipment Supplier

Gugler Hydro Energy, Austria

LVL ENERGY FUND PLC

Neluwa Plant Factor

5,687 6,602 5,338 6,264 5,878 4,277 4,910 5,874 30% 34% 28% 33% 31% 22% 25% 30%

• 1,000

2,000 3,000 4,000 5,000 6,000 7,000 2011/12 2012/13 2013/14 2014/15 2015/16 2016/17 2017/18 2018/19 0% 5% 10% 15% 20% 25% 30% 35% 40%

Plant Factor (Annual)

Plant Factor Generation (MWh)

40% 16% 27% 39% 0% 5% 10% 15% 20% 25% 30% 35% 40% 45% Q3-Dec 2018 Q4-Mar 2019 Q1-Jun 2019 Q2-Sep 2019

Plant Factor (Quarterly)

LVL ENERGY FUND PLC

Neluwa Profitability

Revenue (Mn) Profit (Mn)

58 64 65 93 92 67 69 70 16 20 19 50 42 16 14 33 10 20 30 40 50 60 70 80 90 100 2011/12 2012/13 2013/14 2014/15 2015/16 2016/17 2017/18 2018/19

Profitability (Annual)

26 26 21 29 13 16 9 17 5 10 15 20 25 30 35 Q3-Dec 2018 Q4-Mar 2019 Q1-Jun 2019 Q2-Sep 2019

Profitability (Quarterly)

LVL ENERGY FUND PLC

Theberton

PPA Expiry Location

Kiriwaneliya Village

Catchment Area

10 km2

Rainfall

4,086 mm

per year Design Flow

1.950 m3/s

Capacity

1.3 MW

Commissioned Date

September 2015

Gross Heads

90 m October 2035

Sapthakanya Hydro Electric Company (Pvt) Ltd

Equipment Supplier

• Fuchun Industry

Development Co, China

• Hongya Power

Generating Equipment, China

LVL ENERGY FUND PLC

Theberton Plant Factor

1,867 3,339 4,398 4,077 28% 29% 39% 36%

• 500

1,000 1,500 2,000 2,500 3,000 3,500 4,000 4,500 5,000 2015/16 2016/17 2017/18 2018/19 0% 5% 10% 15% 20% 25% 30% 35% 40% 45%

Plant Factor (Annual)

Plant Factor Generation (MWh)

* First year of commercial operation.

*

32% 7% 18% 55% 0% 10% 20% 30% 40% 50% 60% Q3-Dec 2018 Q4-Mar 2019 Q1-Jun 2019 Q2-Sep 2019

Plant Factor (Quarterly)

28 58 77 75 13 5 25 20 10 20 30 40 50 60 70 80 2015/16 2016/17 2017/18 2018/19

Profitability (Annual)

LVL ENERGY FUND PLC

Theberton Profitability

Revenue (Mn) Profit (Mn)

16 7 9 28 2 (9) (3) 16

• 10
• 5

5 10 15 20 25 30 Q3-Dec 2018 Q4-Mar 2019 Q1-Jun 2019 Q2-Sep 2019

Profitability (Quarterly)

LVL ENERGY FUND PLC

Campion

PPA Expiry Location

Bogawantalawa

Catchment Area

27 km2

Rainfall

2,384 mm

per year Design Flow

2.1 m3/s

Capacity

1.2 MW

Commissioned Date

May 2017

Gross Heads

76 m April 2037

Campion Hydro Power (Pvt) Ltd

Equipment Supplier

Hongya Power Generating Equipment, China

LVL ENERGY FUND PLC

Campion Plant Factor

3,103 4,627 32% 44% 0% 5% 10% 15% 20% 25% 30% 35% 40% 45% 50% 2017/18 2018/19

• 1,000

2,000 3,000 4,000 5,000

Plant Factor (Annual)

Plant Factor Generation (MWh)

64% 14% 11% 31% 0% 10% 20% 30% 40% 50% 60% 70% Q3-Dec 2018 Q4-Mar 2019 Q1-Jun 2019 Q2-Sep 2019

Plant Factor (Quarterly)

56 81 (7) 16

• 10

10 20 30 40 50 60 70 80 90 2017/18 2018/19

Profitability (Annual)

LVL ENERGY FUND PLC

Profitability

Revenue (Mn) Profit (Mn)

Campion

29 7 5 14 13 (10) (11) (2)

• 15
• 10
• 5

5 10 15 20 25 30 Q3-Dec 2018 Q4-Mar 2019 Q1-Jun 2019 Q2-Sep 2019

Profitability (Quarterly)

LVL ENERGY FUND PLC

PPA Expiry Location

Across Uma Oya in Bambarapana

Catchment Area

180.5 km2

Rainfall

1,650-1,880 mm

per year Design Flow

6.5 m3/s

Capacity

2.5 MW

Commissioned Date

February 2018

Gross Heads

46 m

Bambarapana

January 2038

Bambarapana Hydro Power (Pvt) Ltd

Equipment Supplier

Global Hydro Energy, Austria

LVL ENERGY FUND PLC

Bambarapana Plant Factor & Profitability

Revenue (Mn) Profit (Mn) Plant Factor

47% 58% 32% 27% 0% 10% 20% 30% 40% 50% 60% 70% Q3-Dec 2018 Q4-Mar 2019 Q1-Jun 2019 Q2-Sep 2019

Plant Factor (Quarterly)

45 55 31 26 11 17 (3) (4)

• 10

10 20 30 40 50 60 Q3-Dec 2018 Q4-Mar 2019 Q1-Jun 2019 Q2-Sep 2019

Profitability (Quarterly)

LVL ENERGY FUND PLC

Hydro Plants Generation (MWh)

Project 2015/16 2016/17 2017/18 2018/19 2019 YTD Belihul Oya 9,988 3,552 6,695 9,893 3,824 Assupini Ella 16,657 4,622 14,249 14,009 7,587 Kadawala 14,015 11,635 14,306 12,713 6,173 Neluwa 5,878 4,277 4,910 5,874 3,942 Theberton 1,867 3,339 4,398 4,077 2,280 Campion

• 3,103

4,627 1,477 Bamabarapana

• 11,825

6,427

WIND POWER

PROJECTS

LVL ENERGY FUND PLC

LVL ENERGY FUND PLC

Pawan Danavi

Location

Kalpitiya

Commissioned Date

August 2012 10.2 MW

Capacity

12

Turbines

Turbines

65 m

Hub Height

58 m

Rotor Diameter

July 2032

PPA expiry

7-7.5 m/s

Average wind speed Equipment Supplier

Gamesa, Spain

Pawan Danavi (Pvt) Ltd

LVL ENERGY FUND PLC

Pawan Danavi Plant Factor

31,012 25,562 24,246 25,541 26,352 22,544 36% 30% 28% 30% 31% 26%

• 5,000

10,000 15,000 20,000 25,000 30,000 35,000 2013/14 2014/15 2015/16 2016/17 2017/18 2018/19 0% 5% 10% 15% 20% 25% 30% 35% 40%

Plant Factor (Annual)

Plant Factor Generation (MWh)

7% 10% 38% 52% 0% 10% 20% 30% 40% 50% 60% Q3-Dec 2018 Q4-Mar 2019 Q1-Jun 2019 Q2-Sep 2019

Plant Factor (Quarterly)

LVL ENERGY FUND PLC

Pawan Danavi Profitability

Revenue (Mn) Profit (Mn)

784 651 619 654 689 596 416 341 342 341 360 263 100 200 300 400 500 600 700 800 900 2013/14 2014/15 2015/16 2016/17 2017/18 2018/19

Profitability (Annual)

40 61 222 291 (47) (17) 139 211

• 100
• 50

50 100 150 200 250 300 Q3-Dec 2018 Q4-Mar 2019 Q1-Jun 2019 Q2-Sep 2019

Profitability (Quarterly)

LVL ENERGY FUND PLC

Nala Danavi

Location

Kalpitiya

Commissioned Date

June 2013 5.1 MW

Capacity

6

Turbines

Turbines

65 m

Hub Height

58 m

Rotor Diameter

7-7.5 m/s

Average wind speed

May 2033

PPA expiry Equipment Supplier

Gamesa, Spain

Nala Danavi (Pvt) Ltd

LVL ENERGY FUND PLC

Nala Danavi Plant Factor

10,457 13,660 13,104 13,838 14,991 11,977 30% 32% 31% 33% 36% 28%

• 2,000

4,000 6,000 8,000 10,000 12,000 14,000 16,000 2013/14 2014/15 2015/16 2016/17 2017/18 2018/19 0% 5% 10% 15% 20% 25% 30% 35% 40%

Plant Factor (Annual)

Plant Factor Generation (MWh)

7% 13% 41% 53% 0% 10% 20% 30% 40% 50% 60% Q3-Dec 2018 Q4-Mar 2019 Q1-Jun 2019 Q2-Sep 2019

Plant Factor (Quarterly)

LVL ENERGY FUND PLC

Nala Danavi Profitability

Revenue (Mn) Profit (Mn)

217 287 277 292 322 261 78 119 108 94 131 83 50 100 150 200 250 300 350 2013/14 2014/15 2015/16 2016/17 2017/18 2018/19

Profitability (Annual)

16 30 95 121 (27) (13) 50 57

• 40
• 20

20 40 60 80 100 120 140 Q3-Dec 2018 Q4-Mar 2019 Q1-Jun 2019 Q2-Sep 2019

Profitability (Quarterly)

THERMAL POWER

PROJECTS

LVL ENERGY FUND PLC

LVL ENERGY FUND PLC

Rajshahi

Location

Rajshahi district

Bangladesh

Commissioned Date

January 2014 Heavy Furnace Oil

Main Fuel

Diesel

Backup Fuel

52.2 MW

Capacity

6

HFO / Gas based Reciprocating engines

Engines Equipment Supplier

Wartsila, Finland

Raj Lanka Power Company Ltd

LVL ENERGY FUND PLC

Rajshahi Plant Factor

Plant Factor Generation (MWh)

23,193 195,309 162,575 201,466 246,951 243,301 20% 43% 36% 44% 54% 53%

• 50,000

100,000 150,000 200,000 250,000 300,000 2013/14 2014/15 2015/16 2016/17 2017/18 2018/19 0% 10% 20% 30% 40% 50% 60%

Plant Factor (Annual)

* First year of commercial operation.

*

41% 63% 39% 46% 0% 10% 20% 30% 40% 50% 60% 70% Q3-Dec 2018 Q4-Mar 2019 Q1-Jun 2019 Q2-Sep 2019

Plant Factor (Quarterly)

LVL ENERGY FUND PLC

Rajshahi Profitability

Revenue (BDT Mn) Profit (BDT Mn)

536 3,369 2,928 2,655 2,720 2,980 37 93 124 124 101 181 500 1000 1500 2000 2500 3000 3500 4000 2013/14 2014/15 2015/16 2016/17 2017/18 2018/19

Profitability (Annual)

641 860 577 632 75 31 35 41 200 400 600 800 1000 Q3-Dec 2018 Q4-Mar 2019 Q1-Jun 2019 Q2-Sep 2019

Profitability (Quarterly)

LVL ENERGY FUND PLC

Comilla

Location

Comilla district

Bangladesh

Commissioned Date

January 2015

Heavy Furnace Oil

Main Fuel

Diesel

Backup Fuel

52.2 MW

Capacity

6

HFO / Gas based Reciprocating engines

Engines Equipment Supplier

Wartsila, Finland

Lakdhanavi Bangla Power Ltd

LVL ENERGY FUND PLC

Comilla Plant Factor

Plant Factor Generation (MWh)

32,463 152,489 146,466 92,847 54,889 28% 33% 32% 20% 12%

• 20,000

40,000 60,000 80,000 100,000 120,000 140,000 160,000 180,000 2014/15 2015/16 2016/17 2017/18 2018/19 0% 5% 10% 15% 20% 25% 30% 35% 40%

Plant Factor (Annual)

* First year of commercial operation.

*

12% 3% 46% 49% 0% 10% 20% 30% 40% 50% 60% Q3-Dec 2018 Q4-Mar 2019 Q1-Jun 2019 Q2-Sep 2019

Plant Factor (Quarterly)

LVL ENERGY FUND PLC

Comilla Profitability

Revenue (BDT Mn) Profit (BDT Mn)

551 2,600 2,062 1,440 1,217 23 76 232 268 316

• 500

1,000 1,500 2,000 2,500 3,000 2014/15 2015/16 2016/17 2017/18 2018/19

Profitability (Annual)

314 207 659 693 79 60 120 101 200 400 600 800 Q3-Dec 2018 Q4-Mar 2019 Q1-Jun 2019 Q2-Sep 2019

Profitability (Quarterly)

FINANCIAL INDICATORS

LVL ENERGY FUND PLC

Financial Indicators (as at Financial YTD 30th September 2019)

LVL ENERGY FUND PLC Ownership % Investment(Mn) Net Assets (Mn) Revenue (Mn) Profit (Mn)

HYDRO POWER Belihul Oya SL 25% 120 220 15 (0) Assupini Ella SL 100% Owned by Nividhu 174 106 71 Kadawala SL 58% 135 259 91 42 Neluwa SL 49% 59 282 50 26 Theberton SL 85% 143 174 37 13 Campion SL 84% 118 133 19 (13) Bambarapana SL 40% 140 414 57 (7) WIND POWER Pawan Dhanavi SL 40% 424 1,425 513 350 Nala Dhanavi SL 49% 243 803 216 107 THERMAL POWER Rajshahi BN 20% 387 1,767 (BDT) 1,209 (BDT) 76 (BDT) Comilla BN 33% 653 1,786 (BDT) 1,352 (BDT) 221 (BDT)

New projects and developments in the pipeline

LVL ENERGY FUND PLC

Pupulaketiya Hydro Power (Pvt) Ltd

Location

Pupulaketiya. Ratnapura district 20 years 293 m 0.65 m3/s 1.4 MW

Capacity Gross Heads Design Flow Tenure of PPA

LVL ENERGY FUND PLC

Catchment Area

5 km2

Rainfall

3,320 mm per year

• LKR 115 Mn of the IPO Proceeds was set

aside to fund for Pupulaketiya hydro power project.

• At the time of the IPO, Pupulaketiya

plant was awaiting the extension of the approval of Central Environmental Authority (CEA) which had lapsed in October 2016. Although we expected such extension would be granted quickly, it has not been the case.

• The LKR 115 million identified for

investment in the project remained invested in fixed income securities.

Makari Gad Hydropower (Pvt) Ltd

Location

Darchula district, Nepal 30 years 69.8 GWh 924 m 1.35 m3/s December 2020 10 MW

Capacity Gross Head Design Flow Energy Generation Tenure of PPA Project Commencement

LVL ENERGY FUND PLC

LKR Mn Equity (30%) LTL Holding (Pvt) Limited 687 LVL Energy Fund 465 Total Equity 1,152 Debt (70%) 2,700 Total Project Cost 3,852

• In January 2019 LVL Energy Fund

made its first equity disbursements of LKR 117.0 Mn in respect of Makari Gad.

• Further disbursements aggregating to

LKR 292.5 Mn was carried out in June and July 2019.

• Thereby LKR 409.5 Mn out of the LKR

465.0 Mn earmarked for this project has been disbursed.

Heavy Fuel Oil based power plant Feni, Bangladesh November 2019 114 MW capacity can be increased up to 120 MW

• One Wartsila 20V32 Engine 9.8 MW
• Six Wartsila 18V50 Engine 18.4 MW

15 years

Project Commencement Tenure of PPA Capacity Location Project

Feni Lanka Power Limited

• Feni Lanka Power Limited (FLPL) is an

investment of Lanka Energy International (Private) Limited (LEI), a fully owned subsidiary of LVL Energy Fund (PLC).

• In May 2019 LVL Energy Fund PLC made an

investments of USD 8.0 million to FLPL.

LVL ENERGY FUND PLC

LVL ENERGY FUND PLC

6 New Solar Power Projects

Project Partner

Total capacity

• f 6MW

Capacity

First Energy SL (Pvt) Ltd

Project cost

Approx.

• Rs. 1 Bn

Location

• 3MW Plant Maho
• 2MW Plant Pallekale
• 1MW Plant Mathugama

Project Implementation and start up Tenure of PPA

20 years for each plant 6 months for approval. 6 months for construction.

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