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Profitable Solar Power Plant for Sale in Pallekele, Sri Lanka

Solar power plant for sale in Sri Lanka with a 6-acre land and long-term contract.

Established 5-10 year(s)
Employees 2 - 5
Legal Entity Limited Liability Partnership (LLP)
Reported Sales USD 82 thousand
Run Rate Sales USD 82 thousand
EBITDA Margin 40 %
Industries Solar Power Plants
Locations  Pallekele
Local Time 8:38 PM Asia / Colombo
Listed By Business Owner / Director
Status Moderately Active
Overall Rating
Full Sale
Asking Price: USD 790 thousand (Native Currency: LKR 230,000,000)
Reason: The owner wants to retire.
Includes physical assets worth USD 530 thousand
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Business Overview
- The business is a 1 MW ground-mounted solar power plant located in the central province of Sri Lanka and has been operational for the past 2 years.
- The power plant is contracted to supply electricity to CEB (Ceylon Electricity Board) for another 18 years, with a daily energy output of 4,000 KW.
- The land area occupied by the power plant spans 6 acres.
- The business generates revenue by selling the electricity it produces to CEB at a tariff of LKR 15.95/unit.
- The maintenance of the power plant has been outsourced to the same company that constructed the power plant for a monthly fee of LKR 180,000.
- The business is fully compliant with all necessary certificates and licenses.
- The location in the Central Province of Sri Lanka provides strategic positioning for solar power generation, tapping into the region's renewable energy potential.
- The high valuation of the business is due to the revenue stream being underpinned by a long-term contract with CEB, offering stability and predictability in its income.
Products & Services Overview
The business sells the power it generates from the solar power plant to CEB (Ceylon Electricity Board) directly.
Assets Overview
The tangible assets of the business are.
- 6 acres of land worth LKR 10 million.
- Solar panels worth LKR 64 million.
- Inverters, switchgear, transformers, and insulations worth LKR 39 million.
- Wiring cost of LKR 20 million.
- 33 Kv gridline worth LKR 20 million.
Facilities Overview
The land of 6 acres is purchased outright in the Central Province, Sri Lanka.
Capitalization Overview
The business has a loan of LKR 130 million outstanding at AWPLR+1.6% interest.
- The business has 4 directors with equity of LKR 80 million.
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2 Buyers contacted this Business this month. Register below to connect now!
Disclaimer: SMERGERS is a regulated marketplace for connecting business sell sides with investors, buyers, lenders and advisors. Neither SMERGERS represents nor guarantees that the information mentioned above is complete or correct.
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