Corrected Under the deal, Hemas Power has bought 9.92 million shares, Senok Mark Hydro’s total issued share capital, at 20.00 rupees a share, Hemas said in a stock exchange filing.
Hemas Power is a unit of Hemas Holdings which has business interest in healthcare, consumer goods, shipping and power.
Its generation unit consists of Heladhanavi, a 100 mega watt thermal power plant, and a two-mega watt mini-hydro power plant in Kandy, also in the central hills.
Sri Lanka is heavily dependent on fossil-fuels for its power needs and is trying to increase renewable energy sources like hydro-power.