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Lanka Ventures on to wind power with Rs. 384 m investment

Tuesday, 29 March 2011 00:00 - - {{hitsCtrl.values.hits}}

Lanka Ventures Plc’s fully owned subsidiary LVL Energy Fund Ltd., (LEF) is investing Rs. 384 million for a 10MW wind power plant in Kalpitiya.

The venture named Pawan Danavi Ltd. is in partnership with LTL Holdings Ltd., and LEF’s stake will be 40%.