# WindForce

> Mediated Wiki article. Canonical URL: https://mediated.wiki/source/WindForce
> Markdown URL: https://mediated.wiki/source/WindForce.md
> Source: https://en.wikipedia.org/wiki/WindForce
> Source revision: 1332863451
> License: Creative Commons Attribution-ShareAlike 4.0 International (https://creativecommons.org/licenses/by-sa/4.0/)

Sri Lankan renewable energy company

This article is about the Sri Lankan renewable energy company called "WindForce PLC". For the measure of wind speed, see [Beaufort scale](/source/Beaufort_scale).

WindForce PLC Logo of WindForce PLC Wind turbines of Seguwantivu Wind Farm Formerly WindForce Limited Type Public Traded as CSE: WIND.N0000 ISIN LK0461N00000 Industry Utility industry Renewable energy Founded 2010; 16 years ago (2010)[1] Headquarters Colombo , Sri Lanka Key people Ranil Pathirana (Chairman) Manjula Perera (Managing Director) Revenue LKR4,953 million (2023) Operating income LKR3,018 million (2023) Net income LKR1,783 million (2023) Total assets LKR39,802 million (2023) Total equity LKR25,199 million (2023) Owners Akbar Brothers Pvt Ltd. (36.48%) Hirdaramani Pvt Ltd. (20.67%) Number of employees 155 (2023) Website windforce.lk Footnotes [2]

**WindForce PLC** is the largest [renewable energy](/source/Renewable_energy) private sector company in [Sri Lanka](/source/Sri_Lanka).[3] The company was incorporated in 2010 and in 2021 was listed on the [Colombo Stock Exchange](/source/Colombo_Stock_Exchange). The company commission, construct and operate power plants and generate power through [wind](/source/Wind_power), [solar](/source/Solar_power) and [hydropower](/source/Hydropower).[4]

## History

The company is incorporated in July 2010 and listed on the Colombo Stock Exchange in 2021.[5]

### IPO

In 2021, through an [initial public offering](/source/Initial_public_offering) (IPO), the company was planned to raise up to [LKR](/source/Sri_Lankan_rupee)3.2 billion by offering a stake of 15% in the company. With the capital raised through the IPO the company is planning to build a 15MW wind plant in [Mannar, Sri Lanka](/source/Mannar%2C_Sri_Lanka) and a 30MW solar plant with 7.5MW battery storage in Senegal. The company is expected to become the largest renewable energy company, exceeding the second-placed company by over five times.[3] WindForce's IPO was the largest since in 2011 in the Colombo Stock Exchange. It attracted 1,654 applications amounting to LKR25.7 billion, [oversubscribing](/source/Subscription_(finance)) by nearly eight times on the first day of the IPO.[5]

### Post-IPO trading

The company declared an interim dividend for the financial year 2021/22, which corresponds to a LKR0.75 dividend per share [yielding](/source/Dividend_yield) a 4.75% return. WindForce acquired 33.3% of stake in Solar Universe (Pvt) Ltd, a solar power plant in [Vavunathivu](/source/Vavunathivu). Vidullanka PLC and HiEnergy Services (Pvt) Ltd are the other two stakeholders of the plant and will add 10MW to the [National Grid](/source/Electrical_grid) annually.[6] The company acquired a 500 tons per day [waste to energy](/source/Waste_to_energy) plant from Fairway Holdings,[7] the company acquired 92.5 per cent of the stake. The [plant](/source/Colombo_South_Waste_Processing_Facility) is located in Karadiyana, 15km from Colombo.[8] In June 2021, the company received the Cabinet approval to build the planned wind power plants in Mannar.[9]

## Operations

The company is an [independent power producer](/source/Independent_power_producer) with an [installed capacity](/source/Installed_capacity) of 218 [megawatts](/source/Megawatts).[4] 77% of the effective capacity is based in Sri Lanka and the rest is based in Pakistan, Ukraine and Uganda.[3] The company operates 27 power plants.[10] Seven of the plants are wind power plants while 10 is solar plants and the other 10 are mini-hydropower plants.[11] The company is planned to develop a solar power plant in Cameroon and is looking for opportunities in Bangladesh and Africa.[5]

### Wind farms

Power station Capacity (MW) Location Stake % Beta Power 10.0 Kilinochchi 66.40 Daily Life 10.0 Puttalam 95.83 Joule Power 10.0 Kilinochchi 66.40 Nirmalapura 10.0 Puttalam 49.00 Powergen 10.0 Puttalam 100 Seguwantivu 9.6 Puttalam 100 Vidatamunai 9.6 Puttalam 100 Hiruras Power 10 MW 10.0 Mannar 100 Hiruras Power 5 MW 5.0 Mannar 100

### Solar farms

Power station Capacity (MW) Location Stake % Harappa Solar 18.0 Harappa, Pakistan 12.85 Hirujanani 2.1 Roof tops in Sri Lanka 66.00 Gharo Solar 50.0 Gharo, Pakistan 30.00 Semypolky Solar 10.6 Brovarskiy, Ukraine 12.50 Seruwawila 1.0 Vavuniya 90.00 Solar One 10.0 Welikanda 50.00 Sunny Clime 1.0 Vavuniya 90.00 Suryadhanavi 11.4 Roof tops in Sri Lanka 88.00 Tororo PV Power 10.0 Tororo, Uganda 80.00 Vydexa 10.0 Vavuniya 76.13

### Hydroelectric power stations

Power station Capacity (MW) Location Stake % Energy Reclamation 0.8 Sitagala 100.00 Gurugoda Hydro 1.2 Kegalle 50.00 H.P.D. Power 3.2 Dambulla 100.00 Mahoma Uganda 2.7 Mahoma, Uganda 36.00 Melanka Power 3.8 Haldummulla 100.00 Peak Power 2.0 Ginigathhena 100.00 Terraqua International 1.3 Halathura Ganga 100.00 Terraqua Kokawita 1.2 Kalawana 100.00 Vidul Madugeta 2.5 Neluwa 50.00 Ziba 7.6 Kyambura, Uganda 25.50

Source: Annual Report 2020/21[12]

## See also

- [List of Sri Lankan public corporations by market capitalisation](/source/List_of_Sri_Lankan_public_corporations_by_market_capitalisation)

## References

1. **[^](#cite_ref-wsj.com_1-0)** ["Windforce Ltd"](https://www.wsj.com/market-data/quotes/LK/XCOL/WINDN0000/company-people). *[wsj.com](/source/Wsj.com)*. [Dow Jones & Company](/source/Dow_Jones_%26_Company). Retrieved 21 August 2021.

1. **[^](#cite_ref-2)** ["Annual Report 2022/23"](https://cdn.cse.lk/cmt/upload_report_file/2173_1686044204434.pdf) (PDF). *cse.lk*. WindForce PLC. Retrieved 4 January 2024.

1. ^ [***a***](#cite_ref-dailymirror.lk_3-0) [***b***](#cite_ref-dailymirror.lk_3-1) [***c***](#cite_ref-dailymirror.lk_3-2) Fernando, Nishel (18 February 2021). ["Windforce plans Rs.3.2bn IPO on CSE"](https://www.dailymirror.lk/business-news/Windforce-plans-Rs-3-2bn-IPO-on-CSE/273-206039). *dailymirror.lk*. [Wijeya Newspapers](/source/Wijeya_Newspapers). Retrieved 21 August 2021.

1. ^ [***a***](#cite_ref-ft.com_4-0) [***b***](#cite_ref-ft.com_4-1) ["Windforce Ltd"](https://markets.ft.com/data/equities/tearsheet/profile?s=WIND.N0000:CSE). *ft.com*. [Financial Times](/source/Financial_Times). Retrieved 21 August 2021.

1. ^ [***a***](#cite_ref-Sunday_Observer_5-0) [***b***](#cite_ref-Sunday_Observer_5-1) [***c***](#cite_ref-Sunday_Observer_5-2) ["WindForce to expand local and overseas footprint"](http://archives1.sundayobserver.lk/2021/04/25/business/windforce-expand-local-and-overseas-footprint). *[Sunday Observer](/source/Sunday_Observer_(Sri_Lanka))*. [Associated Newspapers of Ceylon](/source/Associated_Newspapers_of_Ceylon). 25 April 2021. Retrieved 21 August 2021.

1. **[^](#cite_ref-dailynews.lk_6-0)** ["WindForce, Vidullanka and HiEnergy to add 10MW solar energy to National Grid"](https://www.dailynews.lk/2021/04/20/business/247010/windforce-vidullanka-and-hienergy-add-10mw-solar-energy-national-grid). *dailynews.lk*. [Associated Newspapers of Ceylon](/source/Associated_Newspapers_of_Ceylon). 10 April 2021. Retrieved 21 August 2021.

1. **[^](#cite_ref-LBO_7-0)** ["WindForce declares over 1 bn dividends with a strong performance"](https://www.lankabusinessonline.com/windforce-declares-over-1-bn-dividends-with-a-strong-performance/). *lankabusinessonline.com*. Lanka Business Online (PVT) LTD. 4 June 2021. Retrieved 21 August 2021.

1. **[^](#cite_ref-adaderana.lk_8-0)** ["WindForce to develop Karadiyana Waste to Energy Power Plant"](http://bizenglish.adaderana.lk/windforce-to-develop-karadiyana-waste-to-energy-power-plant/). *adaderana.lk*. [Ada Derana](/source/Ada_Derana). 24 May 2021. Retrieved 21 August 2021.

1. **[^](#cite_ref-economynext.com_9-0)** ["Sri Lanka cabinet clears Windforce plant in high-wind Mannar"](https://economynext.com/sri-lanka-cabinet-clears-windforce-plant-in-high-wind-mannar-83066/). *economynext.com*. Echelon Media (PVT) Ltd. 16 June 2021. Retrieved 21 August 2021.

1. **[^](#cite_ref-LMD_10-0)** ["WindForce"](https://lmd.lk/windforce/). *LMD*. Media Services (Private) Limited. 4 March 2021. Retrieved 21 August 2021.

1. **[^](#cite_ref-ft.lk_11-0)** ["Windforce IPO twice oversubscribed at retail level itself"](https://www.ft.lk/front-page/Windforce-IPO-twice-oversubscribed-at-retail-level-itself/44-715718). *ft.lk*. [Wijeya Newspapers](/source/Wijeya_Newspapers). 1 April 2021. Retrieved 21 August 2021.

1. **[^](#cite_ref-12)** ["Annual Report 2020/21"](https://cdn.cse.lk/cmt/upload_report_file/2173_1633000798214.pdf) (PDF). *cse.lk*. WindForce PLC. Retrieved 1 January 2022.

## External links

- [Official website](https://www.windforce.lk/)

v t e S&P Sri Lanka 20 Index ← All Share Price Index companies of Sri Lanka Energy Lanka IOC LAUGFS Gas Materials Alumex Chevron Lubricants Lanka CIC Holdings Dipped Products Haycarb JAT Holdings Swisstek (Ceylon) Tokyo Cement Capital Goods Access Engineering ACL Cables Aitken Spence Brown and Company Colombo Dockyard E. B. Creasy & Company Hayleys Hemas Holdings John Keells Holdings Lanka Tiles Lankem Ceylon Renuka Holdings Richard Pieris & Company Royal Ceramics Sierra Cables Softlogic Holdings Vallibel One Transportation Digital Mobility Solutions Lanka Automobile and Components Kelani Tyres Consumer Durables and Apparel Ambeon Holdings Dankotuwa Porcelain Hayleys Fabric Hela Apparel Holdings Teejay Lanka Consumer Services Aitken Spence Hotel Holdings Asian Hotels and Properties Ceylon Hotels Corporation Citrus Leisure Galadari Hotels (Lanka) Hayleys Leisure Hunas Holdings Jetwing Symphony John Keells Hotels Mahaweli Reach Hotels TAL Lanka Hotels The Fortress Resorts The Kingsbury The Lighthouse Hotel The Nuwara Eliya Hotels Company Trans Asia Hotels Retailing Diesel & Motor Engineering Odel Singer (Sri Lanka) Food and Staples Retailing C T Holdings Cargills (Ceylon) Food, Beverage and Tobacco Bairaha Farms Carson Cumberbatch Ceylon Cold Stores Ceylon Grain Elevators Ceylon Tobacco Company Dilmah Distilleries Company of Sri Lanka Harischandra Mills HVA Foods Keells Food Products Lanka Milk Foods Lion Brewery (Ceylon) Melstacorp Sunshine Holdings Household and Personal Products Swadeshi Industrial Works Health Care Equipment and Services Asiri Hospital Holdings Ceylon Hospitals (Durdans) Lanka Hospitals Nawaloka Hospitals Banks Amana Bank Cargills Bank Commercial Bank of Ceylon DFCC Bank Hatton National Bank HDFC Bank of Sri Lanka National Development Bank Nations Trust Bank Pan Asia Bank Sampath Bank SDB bank Seylan Bank Union Bank of Colombo Diversified Financials Capital Alliance Central Finance Company Citizens Development Business Finance LB Finance LOLC Finance LOLC Holdings People's Leasing & Finance Vallibel Finance Insurance Amana Takaful Ceylinco Insurance Janashakthi Insurance Softlogic Life Insurance Union Assurance Telecommunication Services Dialog Axiata Sri Lanka Telecom Utilities Vallibel Power Erathna WindForce Real Estate C T Land Development Colombo Land and Development Company Overseas Realty

---
Adapted from the Wikipedia article [WindForce](https://en.wikipedia.org/wiki/WindForce) by Wikipedia contributors ([contributor history](https://en.wikipedia.org/wiki/WindForce?action=history)). Available under [Creative Commons Attribution-ShareAlike 4.0 International](https://creativecommons.org/licenses/by-sa/4.0/). Changes may have been made.