Vidullanka PLC has emerged as the lowest-cost bidder for the Engineering, Procurement and Construction (EPC) contract for the expansion and upgrading of a 100 kilowatt mini hydropower facility at Buca Village in the Fiji Islands.

In a corporate disclosure to the Colombo Stock Exchange, the company said the determination was made on December 19, 2025. Vidullanka noted that this represents a material step forward in securing the contract for the renewable energy project.

The Board of Directors stated that although the formal conclusion of the contract award is still pending, the development constitutes price-sensitive information relating to matters of concern to the company.

The disclosure said the information is considered material as it directly relates to the company’s future business activities, potential contracts and long-term market positioning. Vidullanka said it will make further announcements upon receipt of the formal contract award, execution of material agreements, or any other developments concerning the tender process.

The company also noted that statements regarding the potential contract award are forward-looking and subject to technical evaluations, decisions of the evaluation body, final awarding procedures, regulatory approvals and the successful negotiation of final terms.