Aitken Spence PLC acquires Waltrim Energy for Rs 900M

By Ishara Gamage | Published: 2:00 AM Apr 8 2021

By Ishara Gamage

Aitken Spence has entered into an agreement with the shareholders of Waltrim Energy Ltd., yesterday   and acquired 100 per cent Shareholding in the said Waltrim Energy Ltd., for a total consideration of Rs 900 million.

Waltriin Energy Ltd. operates three Hydropower Power Generation Plants in Nuwara Eliya with the total capacity of 6.6 MW under three separate wholly owned subsidiaries namely Waltrim Hydropower (Pvt) Ltd., Upper Waltrim Hydropower (Pvt) Ltd., and Elgin Hydropower (Pvt) Ltd.

By Ishara Gamage | Published: 2:00 AM Apr 8 2021

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