- CEO
- Pathmanatha Kankanamge Poddiwala
- Full Time Employees
- 122
- Sector
- Utilities
- Industry
- Electric utilities
- Address
- Colombo Sri Lanka
- IPO Date
- Dec 7, 2010
- Business
- Panasian Power PLC is a Sri Lanka-based renewable energy developer, independent power producer (IPP), and engineering, procurement, and construction (EPC) solutions provider. Founded in 2004 and headquartered in Colombo, Sri Lanka, the company operates as a subsidiary of RIL Property PLC. The company specializes in the development, construction, operation, and maintenance of clean energy assets, generating and supplying electricity to national utility grids and private sector consumers. Panasian Power organizes its business operations into three primary segments: Hydro Power Generation, Solar Power Generation, and EPC & Energy Solutions. Its core products and services include run-of-river mini-hydroelectric power generation; utility-scale ground-mounted solar photovoltaic (PV) power generation; commercial, industrial, and residential rooftop solar PV installations under net metering, net accounting, and net plus frameworks; turnkey EPC solutions encompassing site evaluation, resource assessment, engineering design, equipment procurement, civil construction, grid interconnection, and commissioning; comprehensive operation and maintenance (O&M) services, including 24/7 supervisory control and data acquisition (SCADA) monitoring, preventive maintenance, performance optimization, and inverter servicing; and energy consulting, project development, and advisory services. Geographically, while the majority of its operating assets are situated across Sri Lanka, the company maintains international project development initiatives in Southern Africa, notably in Zambia. In recent developments, Panasian Power has executed a strategic expansion of its solar generation and EPC portfolio, securing and developing multiple ground-mounted solar projects under national renewable energy tenders, scaling up its commercial and industrial rooftop EPC offerings amidst heightened corporate demand for energy transition solutions, forming strategic technology and procurement partnerships for high-efficiency solar modules and inverters, advancing pre-development and feasibility work on overseas mini-hydro and solar installations in Africa, and leveraging operational synergies with its parent entity, RIL Property PLC, to accelerate project execution and grid integration.