Panasian Power (PAP), headquartered in Colombo, generates clean, renewable energy from hydropower and solar power plants and sells to the national energy grid of Sri Lanka. The company is one of Sri Lanka’s leading green energy producers. PAP operates three hydropower plants and generates additional power through rooftop and ground solar projects. The company also offers Engineering, Procurement and Construction (EPC) services for third-party power generation projects in Sri Lanka. Emerald Fund fully divested its stake in PAP through a strategic sale in July 2021.