Power & Energy · Alternative Power Generation
| Year | Revenue | Net profit | EPS |
|---|---|---|---|
| 2025 | Rs 1.3B | Rs 250.0M | 0.65 |
| 2024 | Rs 967.7M | Rs 52.0M | 0.13 |
| 2023 | Rs 968.7M | Rs -113.6M | -0.29 |
| 2022 | Rs 1.0B | Rs -902.9M | -2.33 |
| 2021 | Rs 982.9M | Rs 234.7M | 0.61 |
| 2020 | Rs 979.3M | Rs 125.9M | 0.33 |
No dividend records.
LAUGFS Power PLC is a Sri Lankan renewable energy company that generates and supplies electricity to the national grid, operating as a key subsidiary of the LAUGFS Group. Its core activities focus on grid-connected solar and hydropower generation and the development of additional renewable projects. The Company operates large-scale solar installations (including the Iris and Anorchi plants on a Hambantota site and a separate project in Embilipitiya), three mini-hydro power plants in Balangoda and Ginigathhena, and an expanding portfolio of rooftop solar installations across multiple provinces. LAUGFS Power is also developing wind energy projects (including preliminary approval for a 50 MW project in Mannar) and is exploring renewable opportunities beyond Sri Lanka in Bangladesh and parts of Africa, supported by in-house technical teams, R&D and digital monitoring tools to optimise plant performance.
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LAUGFS Power PLC (via PAMS Power) has commissioned the Kehelgamu Oya 2 MW run-of-the-river mini hydro plant in Ginigathhena, expected to generate about 7–8 GWh annually and supply renewable electricity to Sri Lanka’s national grid.
LAUGFS Power Plc commissioned and connected a 2 MW mini-hydro plant in Polpitiya, Ginigathhena to the national grid (commissioned 26 March; formally acknowledged 29 April). The project was developed via wholly-owned subsidiary PAMS Power Ltd and is expected to supply renewable energy and support national targets.
Energy Minister Kumara Jayakody warned that lobbying for higher feed-in tariffs would raise consumer bills, noting solar prices paid to new producers have fallen from 37 → 27 → 24 → 18 rupees. He cited 30% cheaper panels, a stronger rupee, competitive low bids (e.g. Vidullanka ~3.77 USc/kWh) and additional grid/BESS costs.
LAUGFS Power (LPL.N0000) appointed Russell De Zilva as CEO and Non-Independent Director. De Zilva brings 20+ years in renewable energy and is currently Joint CEO of Vallibel Power Erathna (VPEL.N0000), with experience in hydropower, wind, solar and floating solar projects.
Mithila Wegapitiya, CEO of LAUGFS Power PLC, has been appointed Vice Chairman of LAUGFS Holdings following Thilak de Silva's resignation. The move follows Vallibel Three Ltd.'s acquisition of 50% of LAUGFS Holdings and will focus on group restructuring and post-acquisition strategy.
Sri Lanka advanced renewables, launching a 250 MW/1000 MWh battery storage tender and clearing funding to integrate rooftop solar and virtual net metering. The government also advanced grid and storage projects and named Delft, Analaitivu and Nainativu as Green Energy Islands. Business groups pressed for policy, grid and pricing reforms. Fuel prices were held steady as CPC absorbed diesel losses.
Auto-generated from 19 sector news articles over 30 days. Not investment advice. 2 more stories on the sentiment page.