Sri Lanka’s LAUGFS group Managing Director Thilak De Silva speaking to reporters had recently pointed out that LAUGFS Power Ltd, a subsidiary of LAUGFS Gas PLC, will invest a further Rs. 3.5 billion until 2020 to add 20 MV of solar power to the National Grid. LAUGFS Power currently owns and operates Sri Lanka’s largest solar power project in Hambantota and the company anticipates to further invest in two stages to add 20 MW of Solar to the facility.

LAUGFS Power set up Sri Lanka’s largest solar power project in 2017 with an investment of around Rs.5 billion. Company expects to contribute 40 GWh annually to the national grid according to officials. LAUGFS is engaged in renewable energy solutions with mini hydro power (since 2014) and solar power generation projects, and the company’s first 10 MW project in Hambantota is a Joint venter solar project with Sustainable Energy Authority on a profit sharing basis.

“This would be Sri Lanka’s first solar battery storage capacity to provide stable power to the national grid. We plan to commence operations early next year. In addition we will reinvest to increase capacity in our Hambantota Solar facility in latter part of 2019,” De Silva had told reports adding that LAUGFS Power would also build a 1MW solar Power projects in Embilipitiya, under the Soorya Bala Sangramaya Phase II launched by the Ministry of Power & Renewable Energy.

“We have obtained all approvals and will commence project works by January” De Silva had told reporters.