Information posted in this forum are entirely of the respective members' personal views. The views posted on this open online forum of contributors do not constitute a recommendation buy or sell. The site nor the connected parties will be responsible for the posts posted on the forum and will take best possible action to remove any unlawful or inappropriate posts.
All rights to articles of value authored by members posted on the forum belong to the respective authors. Re-using without the consent of the authors is prohibited. Due credit with links to original source should be given when quoting content from the forum.
This is an educational portal and not one that gives recommendations. Please obtain investment advises from a Registered Investment Advisor through a stock broker
Mar 12, 2014 (LBO) - Lanka Ventures Plc, a Sri Lanka based investment fund said it had invested 5 million US dollars for a 33 percent stake in Lakdhanavi Bangla Power Limited, which is building a 52.2 MegaWatt thermal power plant in Bangladesh.
The investment was made through its subsidiary Lanka Energy International (Pvt) Ltd, on March 11, Lanka Ventures said in a stock exchange filing.
Last January the firm had invested 2 million US dollars (255 million rupees) Raj Lanka Power Company Ltd to take a 16 percent stake. It also built a 52.2 MW power plant in Rajshani Bangladesh.
The plant had been connected to the Bangladeshi power grid on January 24, 2014.
The latest plant is being built in Comilla, Bangladesh.
With 653 million US dollar being invested in the second plant, Lanka Ventures said its power sector investments rose to 1,840 million rupees.
"Investing is easy to learn, but it takes a lifetime to master."