Laugfs to set up largest solar power plant
Laugfs Holdings Limited has further expanded its footprint in the
power and energy sector with the purchase of two solar power projects as
part of an expansion plan to set up the largest solar power plant in the
Laugfs Power, a wholly owned subsidiary of Laugfs Gas PLC engaged in
renewable energy solutions, recently bought Anorchi Lanka (Pvt) Ltd and
Irish Eco Power Lanka (Pvt) Ltd, which develops two solar power
When completed, it will be the largest solar power project in the
country with a combined capacity of 20 MW adding around 34 GWh to the
national grid every year. Situated on a 90-acre site at Hambantota, the
projects are due to be commissioned next year with an estimated
investment of Rs. 4.5-5 billion.
The focus on sustainable energy solutions has increased rapidly in
recent years in Sri Lanka, with the government's plans to increase the
contribution of renewable energy to 20% of the total energy needs by
2020. Laugf's investment in solar power aims to further strengthen its
expansion plans in the power and energy sector with renewable and
sustainable energy solutions.
"We believe that there is tremendous potential to develop renewable
energy sources in taking the country towards a sustainable energy
future. With so many resources freely available to us, it is time to
make the most of these for the betterment of our nation," said Group
Chairman, Laugfs Holdings, W. K. H. Wegapitiya
Since its inception, Laugfs has had a strong focus on exploring and
developing sustainable and environment-friendly energy solutions. The
pioneering auto gas conversion business, which marked the inception of
Laugfs 20 years ago, rapidly became popular among Sri Lankan motorists
as a cost effective and a more environmentally sound approach to
In 2001, Laugf's entered the LPG industry offering an alternative,
cleaner energy solution for domestic and commercial markets.
Laugfs also hopes to further expand into large-scale generation of
wind and hydro energy with long-term plans to extend beyond national
borders, into the South and South Eastern regions of Asia.