Friday May 22, 2026
Friday May 22, 2026
Monday, 18 May 2026 00:06 - - {{hitsCtrl.values.hits}}
Vidullanka PLC has announced an agreement to acquire 49% equity stake in Storex Ltd., securing the rights to jointly develop 12 standalone Battery Energy Storage System (BESS) projects across Sri Lanka with WindForce PLC.
This marks a defining moment for the company, signaling a bold new chapter in expanding renewable energy and related technologies in Sri Lanka.
The partnership between Vidullanka and WindForce follows the two companies’ previous collaboration to develop a 10 MW BESS project in Vavunathivu. Collectively, Vidullanka and WindForce have undertaken to develop 130 MW of the 160 MW tender awarded by the Ceylon Electricity Board. The goal of these projects is to strengthen grid stability and facilitate greater renewable energy integration in Sri Lanka.
Along with this landmark achievement, Vidullanka has made great strides in expanding its portfolio of renewable energy solutions, including its venture into wind power. With with their consortium partner David Peiris Motor Companies, they emerged as the lowest cost bidder for the 50 MW Mullikulum wind tender, of which they were awarded Lot 2. In addition, Vidullanka acquired an equity stake in SAFE Power Ltd., the project company of the 10 MW Alankuda wind project, which is presently under construction. The company also recently acquired a 100% equity stake in Bhoruka Power Lanka Ltd, adding its 12th mini hydro power plant to its portfolio and bringing its generation portfolio to a total of 26 plants.
Furthermore, after having commissioned four ground mounted solar facilities in the last fiscal year, the company is set to commission another solar plant, a 10 MW project in Hambantota, that serves as another joint venture with the David Peiris Group of Companies.
With these new ventures, along with its recent achievement of attaining carbon neutrality, Vidullanka continues to strengthen its position as a driving force in Sri Lanka’s clean energy transition, with its commitment to innovative solutions for the future of a better planet and community.
