Panasian Power – Emerald Sri Lanka

Panasian Power (PAP) is one of Sri Lanka’s leading suppliers of clean, renewable energy to the country’s national energy grid. Since its establishment in 2002, PAP has been one of the leaders in the country spearheading Sri Lanka's energy generation mix onto a path of affordable, sustainable, and reliable energy for all citizens through three hydropower plants and rooftop and ground solar projects. Read more

The company also offers engineering, procurement, and construction (EPC) services for third-party power generation projects in Sri Lanka. PAP’s business growth is expected to be supported by the Sri Lankan government’s focus on promoting solar power in the country through programs such as “Soorya Bala Sangramaya”. The government aims to reduce the cost of solar power generation and increase the number of hydropower sites and wind sites in Sri Lanka. In July 2021, Emerald Fund fully divested its stake in PAP through a strategic sale. Read less