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Panasian to acquire Hydel
15 June 2011: Sri Lanka based Panasian Power procured a mini hydro firm with the capacity of 6.5 MW.
The firm signed an MoU with
Padiyapelella Hydro Power to buy at a valuation made by a "reputed bank”. The
company will start selling the power of 3.5 MW from January 2012 with the deal
to expand the power utility to expand the capacity by another 3MW.
Source:
lankabusinessonline