Sri Lanka, Oct. 14 -- WindForce PLC is advancing the Rs.4.2 billion wind power project in Alankuda, Puttalam, through its majority stake in Safe Power International (Pvt.) Ltd.
The project will be financed with a 75:25 debt-to-equity structure. WindForce's equity contribution amounts to Rs.535.5 million, of which Rs.231 million was already disbursed at the time of signing the shareholder agreement on October 3.
WindForce holds a 51 percent stake in Safe Power International, with the remaining 49 percent owned by Arinma Power (Pvt.) Ltd.
The company said the investment aligns with its long-term sustainability objectives and commitment to expanding renewable power generation in
Sri Lanka.
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