Power & Energy · Alternative Power Generation
| Year | Revenue | Net profit | EPS |
|---|---|---|---|
| 2026 | Rs 1.5B | Rs 1.3B | 1.70 |
| 2025 | Rs 1.4B | Rs 1.1B | 1.31 |
| 2024 | Rs 1.5B | Rs 781.8M | 0.90 |
| 2023 | Rs 1.1B | Rs 655.1M | 0.78 |
| 2022 | Rs 1.3B | Rs 854.8M | 1.02 |
| 2021 | Rs 1.1B | Rs 622.0M | 0.74 |
| 2020 | Rs 1.1B | Rs 707.6M | 0.87 |
Vallibel Power Erathna PLC generates and supplies electric power to the national grid in Sri Lanka through a portfolio of renewable energy assets. The Group operates generation assets directly and through its subsidiary, Country Energy (Pvt) Ltd., providing stable renewable energy to support the national grid. The Company’s principal operations comprise hydropower and solar power generation. Its hydropower portfolio includes the Erathna, Denawaka Ganga and Kiriwaneliya mini-hydro plants, while its solar portfolio comprises a ground-mounted 10 MW solar power plant (commissioned September 2025) and related projects. These assets are managed to deliver operational reliability and to balance seasonal variability. Vallibel Power positions sustainability and community engagement at the core of its operations, emphasising water-resource stewardship, environmental compliance and stakeholder engagement; the Group reports offsets of over 50,000 metric tonnes of CO2 from its operations and contributes renewable energy to Sri Lanka’s energy mix.
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Dividend · Rs 0.60 · XD Feb 24, 2026
First Interim dividend of LKR 0.6/share; XD 2026-02-24; record 2026-02-24; payable 2026-03-16; FY Year ending 31st March 2026
Vallibel Power Erathna PLC (VPEL.N0000) said its 10 MW ground-mounted solar PV project at Dolahena Estate has commenced commercial operations effective 10 September, with the two 5 MW plants connected to the national grid and CEB confirmation.
Lanka Tiles PLC has appointed Harsha Amarasekera as a Non-Executive Director; he also joins the board of Lanka Walltiles PLC. Amarasekera is an experienced attorney and currently holds leadership roles at Sampath Bank, CIC Holdings, Swisstek, Vallibel Power Erathna and Royal Ceramics.
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 (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.
Vallibel Power Erathna (VPEL.N0000) signed a 20-year SPPA with the Ceylon Electricity Board for a 10 MWac ground-mounted solar PV project in Matara, with ~2 billion LKR investment and expected annual output of 18–20 GWh.
Sri Lanka advanced renewables, launching a 250 MW/1000 MWh battery storage tender and clearing funding to integrate rooftop solar and virtual net metering. The government also advanced grid and storage projects and named Delft, Analaitivu and Nainativu as Green Energy Islands. Business groups pressed for policy, grid and pricing reforms. Fuel prices were held steady as CPC absorbed diesel losses.
Auto-generated from 19 sector news articles over 30 days. Not investment advice. 2 more stories on the sentiment page.