According to Lanka Business Online, BOI has signed an agreement with Nilwala Vidulibala Company for the development of a hydro plant at Morawaka, which would require on an investment of US$3.28M. It has also approved a US$5.5M deal for the development of a 4MW scheme at at Kirkoswald Estate, Norwood.
Sri Lanka in small hydro investments
Two small hydro plants are among several new projects approved by the Board of Investment (BOI) of Sri Lanka, equating to an investment of over US$8.7M.