PFI invests in two mini hydropower projects

  • 12/04/2005

The Property Finance and Investments (PFI) has decided to invest in two mini hydropower generation projects this year. According to an official of the company they would be investing around Rs. 900 million for these two projects. "This would be our third investment in the power generation sector," he said. The company has already invested Rs. 2.1 billion for Sri Lanka's biggest shopping and commercial complex, the Kandy City Centre in Kandy. The first mini hydropower generation project by PFI is located at Rakwana, and it generates 4 mega watts of power. Constructed with an investment of Rs 440 million and with German technical know-how, the project was funded by the DFCC bank.