Renewable Power Plant for Sale in Colombo, Sri Lanka

Readily available electricity production plant that would generate electricity through firewood, having required licenses in place.

Established From
Employees
Legal Entity
Reported Sales
Run Rate Sales
Nil
EBITDA Margin
Operating at break even
Locations
Local Time
6:03 AM Western Province
Listed By
Business Owner / Director
Status
Moderately Active
Overall Rating
Full Sale
Asking Price: USD 5.3 million (Native Currency: LKR 1,000,000,000)
Reason: Unable to proceed with operation. Looking to sell this company and meet off 70% of loan that we had ... View More
Includes physical assets worth USD 5.3 million
Name, Phone, Email
Available after connect
Business Name
Not disclosed
User Verification
Business Overview

The company was registered in 2013. Acquiring land and government approval for production took a few years. Currently we have license to produce electricity and has the production capacity of 2 MW. We have established tie-ups with Ceylon Electricity Board for supply of electricity. Investment in the business already has 70% bank loan sanctioned. Since the bank interest rate is high in Sri Lanka, we are not looking to go ahead with this business. Seeking buyers to takeover this established business with licenses and a govt client in place.

Products & Services Overview

Production of electricity using firewoods.

Facilities Overview
Recent Activity
  • Earlier than 15 days
    Independent Consultant, Chennai, Financial Consultant connected with this business
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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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