Vallibel Denawaka Ganga SHPP

Active

Country Energy Pvt. Ltd., a subsidiary of Vallibel Power Erathna PLC, was planning the development of the 7.2MW Denawaka Ganga Mini Hydropower Plant, run-of-river, Denawaka Ganga at Duraikanda in the Ratnapura District. Located at Durekkanda, 9 km away from Rathnapura town in the Rathnapura Divisional secretariat in the district of Rathnapura. The project was expected to generate 25GWh annually. The project was under construction in late-2011. Commissioning was expected for February 2012, and this was realized. In February 2012, it produced 341,106kWh, which increased to 1,447,874kWh in April 2012. Sri Lanka has a Standard PPA for all mini hydropower plants, Tariff is different in rain season or dry season. Hovers around $0.06/kWh. 253 crore ($1.9 million) of debt was provided by DFCC, with a tenor of 8 years. 253 crore ($1.9 million) of debt was provided by Hatton National Bank, with a tenor of 8 years. 253 crore ($1.9 million) of debt was provided by Commercial Bank of Ceylon, with a tenor of 8 years. Total debt was 759 crore ($5.7 million). Total investment was estimated at Rs.1,124 million ($8.6 million), implying an equity portion of $2.9 million (66/34). The financial closure date was unknown. Assumed here is January 2011, but more information is required. http://www.vallibel-hydro.com/projects/denawaka-hydro-power.php http://www.vallibel-hydro.com/pdf/vallibel_power_erathna_plc_ar_2011_12.pdf Financial closure date unknown - entered anyway because the project became operational on February 14th 2012. http://www.vallibel-hydro.com/investor_relations/denawaka_ganga.htm