Lotus Hydro Power Plc
CCSELK:HPFL.N000010.00
LKR
-0.40
(-3.85%)
ISIN
LK0370N00003
Return %
Stock
S&P 500
1Y
-32.89
14.20
3Y
12.36
81.12
5Y
-1.96
68.34
Capital Structure
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FRC
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FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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FRC
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in mil. unless spec.Company Description
- CEO
- Udamullage Asantha Menaka Athukorala
- Full Time Employees
- 51
- Sector
- Utilities
- Industry
- Electric utilities
- Address
- Peliyagoda Sri Lanka
- IPO Date
- Oct 26, 2010
- Website
- lotusreenergy.com
- Similar Companies
- Business
- Lotus Hydro Power PLC is a Sri Lanka-based renewable energy company and independent power producer engaged in the generation and supply of hydroelectric power to the national grid. Incorporated in 2000 and headquartered in Colombo, Sri Lanka, the company operates as a subsidiary of Lotus Renewable Energy Group. Lotus Hydro Power operates through the renewable energy segment, focusing on sustainable power generation utilizing run-of-river mini-hydro resources. The company's primary products and services include the generation and supply of clean electrical energy; the operation, maintenance, and management of run-of-river small hydropower stations, including the Halpe, Stella, Thebuwana, Neluwa, and Bambarapane plants; electro-mechanical maintenance, hydrological assessment, and turbine efficiency optimization services; high-voltage grid interconnection and substation management; and bulk electricity distribution supplied exclusively to the state utility, the Ceylon Electricity Board, under long-term Standardized Power Purchase Agreements. The company serves the domestic power market with generation assets situated across the central and southern river catchment regions of Sri Lanka. In recent operational and strategic developments, Lotus Hydro Power PLC has advanced comprehensive asset refurbishment and digital modernization programs across its hydro portfolio under the strategic direction of Lotus Renewable Energy Group, upgrading turbine control systems and automated intake mechanisms to improve plant availability and energy yields during seasonal low-flow conditions. Furthermore, the company has engaged in tariff structure alignments and power purchase agreement renewals with the Ceylon Electricity Board, while exploring synergistic opportunities to co-locate ground-mounted and floating solar photovoltaic systems alongside its existing grid infrastructure to expand overall generating capacity in support of Sri Lanka's renewable energy transition targets.