Company filings and market news from across Sri Lanka's stock market.
LAUGFS Power PLC (via PAMS Power) has commissioned the Kehelgamu Oya 2 MW run-of-the-river mini hydro plant in Ginigathhena, expected to generate about 7–8 GWh annually and supply renewable electricity to Sri Lanka’s national grid.
LAUGFS Power Plc commissioned and connected a 2 MW mini-hydro plant in Polpitiya, Ginigathhena to the national grid (commissioned 26 March; formally acknowledged 29 April). The project was developed via wholly-owned subsidiary PAMS Power Ltd and is expected to supply renewable energy and support national targets.
Colombo Stock Exchange closed lower: ASPI -0.23% to 23,011.72 and S&P SL20 -0.30%, with turnover Rs.4.92bn and banks leading at Rs.3.04bn. Movers included Melstacorp, Hemas and CDB up while Ceylinco Insurance, Commercial Bank, DFCC and Colombo Dockyard fell; Laugfs Power commissioned a 2MW mini-hydro and ACME proposed a capital reduction (EGM Jun 11).
Energy Minister Kumara Jayakody warned that lobbying for higher feed-in tariffs would raise consumer bills, noting solar prices paid to new producers have fallen from 37 → 27 → 24 → 18 rupees. He cited 30% cheaper panels, a stronger rupee, competitive low bids (e.g. Vidullanka ~3.77 USc/kWh) and additional grid/BESS costs.
LAUGFS Power PLC launched its first AI-enabled annual report, integrating Futurity's Omni platform to provide natural-language interactive access to its two most recent reports and dashboard visualisations. Futurity will support the platform under an annual maintenance contract and the rollout may extend across the LAUGFS Group.
LAUGFS Power PLC (LPL.N0000) has launched an AI-enabled annual report using Futurity's Omni platform, providing interactive natural-language access to its two most recent reports and custom financial dashboards for investors and stakeholders.
LAUGFS Power (LPL.N0000) appointed Russell De Zilva as CEO and Non-Independent Director. De Zilva brings 20+ years in renewable energy and is currently Joint CEO of Vallibel Power Erathna (VPEL.N0000), with experience in hydropower, wind, solar and floating solar projects.
Mithila Wegapitiya, CEO of LAUGFS Power PLC, has been appointed Vice Chairman of LAUGFS Holdings following Thilak de Silva's resignation. The move follows Vallibel Three Ltd.'s acquisition of 50% of LAUGFS Holdings and will focus on group restructuring and post-acquisition strategy.
Vidullanka PLC launched the Colombo Stock Exchange's first-ever listed Sukuk. The asset-backed, Shariah-compliant instrument creates a new financing route for renewable energy and infrastructure projects that could benefit other listed power companies.