Change of the Directorate
It is with deep regret that the Board of Vallibel Power Erathna PLC announces that Mr. L D Dickman, a member of the Company’s Board, passed away on August 11, 2015. Mr. Dickman had been with Vallibel Power Erathna PLC since 2010, during which time he provided an invaluable contribution to the Company.
Mr. L.D. Dickman held a BA in Public Administration from the Vidyodaya University and MSc in Town & Country Planning from the University of Moratuwa. Before his appointment to the Vallibel Power Board, he was the Deputy Director General (Infrastructure) of the Board of Investment of Sri Lanka before his retirement from BOI in 2009 and had been working since its inception in 1979. He held various managerial posts during his long service in the Board of Investment. He had been working as a Deputy General Manager of Lanka Mirigama Special Economic Zone (Private) Limited. Mr. Dickman is a Past President of the Institute of Town Planners of Sri Lanka and also had been a visiting lecturer in Town and Country Planning at the University of Sri Jayawardenapura and the University of Moratuwa. He had also attended a number of Executive Development Programs and Investment Promotion Programs in various countries at the international level.
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Kiriwaneliya MHP Wins Silver at National Green Awards 2015
Kiriwaneliya Mini Hydro Power Project secured the Silver Award under Mini Hydro Power Category at the National Green Awards 2015. The project was awarded Bronze in year 2014 and the best green practices of the project led it to Silver this year. The Award Ceremony was held on Monday, October 5th 2015 under the patronage of President Maithripala Sirisena.
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Change of the Directorate
It is with deep regret that the Board of Vallibel Power Erathna PLC announces that Mr. L D Dickman, a member of the Company’s Board, passed away on August 11, 2015. Mr. Dickman had been with Vallibel Power Erathna PLC since 2010, during which time he provided an invaluable contribution to the Company.
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Sri Lankan energy sector team visits Bavaria to study on ‘Renewable Energy'
A 13 member Sri Lankan energy sector team, which comprises of industry executives and academics, will visit Bavaria, Germany during mid-June in order to take part in a training program on 'Renewable Energy'.
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Sri Lanka Energy Sector Development Plan for a Knowledge-based Economy, 2015-2025
Minister of Power and Energy Patali Champika Ranawaka in presenting 'Sri Lanka Energy Sector Development Plan for a Knowledge-based Economy, 2015-2025' informed the public of an impressive goal of reaching 100% energy self-sufficiency by year 2030. The Ministry has embarked on an ambitious action plan and as the first phase, proposes to provide electricity access to every citizen in Sri Lanka during the year.
The Minister's vision is presented as challenges, potentials, targets and an energy policy with a view for a cleaner future through green energy. Highlights of Minister's proposal and the challenges ahead are discussed below.
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Vallibel Power Erathna’s Annual Report 2014 was adjudged for the Silver Award in Annual Report Award Competition 2014
Vallibel Power Erathna PLC is proud to announce that its Annual Report 2014 was adjudged for the Silver Award in the Power & Energy Sector at the 50th Annual Report Awards Competition conducted by The Institute of Chartered Accountants of Sri Lanka. This is an achievement maintained by the Company consecutively from 2011 while achieving the Gold Award in 2012.
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Vallibel Power Erathna's Annual Report 2014 was adjudged for the Silver Award in Annual Report Award Competition 2014
Vallibel Power Erathna PLC is proud to announce that its Annual Report 2014 was adjudged for the Silver Award in the Power & Energy Sector at the 50th Annual Report Awards Competition conducted by The Institute of Chartered Accountants of Sri Lanka. This is an achievement maintained by the Company consecutively from 2011 while achieving the Gold Award in 2012.
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Divestment of Asia Energy Management Systems Inc (AEMS) Shareholding and Resignation of Directors
It is hereby disclosed that Messrs. Asia Energy Management Systems Inc (AEMS) has disposed their entire shareholding of 160 million shares in Vallibel Power Erathna PLC on November 04, 2014.
Subsequently, Mr. Daryl S. Clerk and Mr. Sunil E. De Silva who were the members of the Board of Directors of Vallibel Power Erathna PLC representing AEMS resigned w.e.f. November 15, 2014 from its Board. Mr. Clerk and Mr. Silva served as Non Executive Directors in the Board of the Company from 2010.
CEB Introduced new tariff to encourage the mini hydro power projects in the Country
As per the notice published by the Ceylon Electricity Board in "Daily News" news paper in September 19, 2014, CEB has announced the Avoided Cost Based Non Conventional Renewable Energy Purchase Tariff for the year 2014 w.e.f. 1st January 2014.
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Vallibel Power Erathna PLC is certified for ISO 9001 & 14001
Vallibel Power Erathna PLC has been able to obtain ISO 9001:2008 and ISO 14001:2004 International Certificates for its successful implementation of Quality and Environmental Management Systems in all three power plants, namely, Erathna MHP, Denawaka MHP and Kiriwaneliya MHP.
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Change of Directorate
Mr. Chathura Vishvajit Cabraal who has thorough academic knowledge in the power sector joined the Board of Vallibel Power Erathna PLC on 08th January 2014.
Chathura Cabraal is a Graduate (with Honours) in Mechanical Engineering with a focus in manufacturing and design from the Missouri University of Science and Technology. During his bachelor's degree, he paid special attention to Control Systems Engineering, Environmental Control and Engineering Statistics. Before he joined the Board of Vallibel Power Erathna PLC, the knowledge he gained applied in his functions as an Engineer in the Energy and Environment Division of Brandix Lanka Ltd. At Brandix, he has been closely associated with the analysis of new equipment for factories, renewable energy projects and sustainability reporting.
Vallibel Power Mini Hydro Power Project qualified for CDM
It is with great pleasure that Country Energy (Pvt) Ltd wish to inform our shareholders that we were able to register under United Nations Framework Convention on Climate Change (UNFCCC). Our consultant, First Asia Carbon Lanka (Pvt) Ltd of Singapore tediously followed up the process and they were able to complete the registration process by 06th December 2013. (Webpage link of CDM registration
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Yet another Achievement by Vallbel Power
The Institute of Chartered Accountants of Sri Lanka, who is the national accounting body organised its 49th Annual Report Award Ceremony on 10th December 2013 at Waters Edge, Battaramulla.
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Inter-Site Staff Cricket Tournament - 2013
Vallibel Power Erathna PLC, organized inter site staff cricket tournament at Eheliyagoda Public Ground on 30th November 2013 representing six teams from employees of all mini hydro power projects established by the Company. This inaugural cricket match comprised Eleven Side League Cricket Tournament.
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Vidooka Art Compitition - 2013
Vidooka Art Competition was successfully held for the second consecutive year to recognize the young drawing talents of our rural.
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The Annual General Meeting of Vallibel Power Erathna PLC
The Twelfth Annual General Meeting of Vallibel Power Erathna PLC was held at The Kingsbury, Colombo 01 on Thursday, 27 June 2013 at 9.30 a.m. The meeting was chaired by the Director Mr. Nimal Perera.
The following resolutions were passed with the unanimous consent of the Shareholders.
1) Receive and consider the Annual Report of the Board of Directors, Financial Statements of the Company & Group for the year ended 31 March 2013 together with the Report of the Auditors thereon.
2) Re-elect Mr. S E De Silva who retires by rotation in terms of Article 25 (10) of the Articles of Association,
as a Director of the Company.
3) Re-elect Mr. H Somashantha who retires by rotation in terms of Article 25 (10) of the Articles of Association,
as a Director of the Company.
4) Re-elect Mr. P B Perera who retires by rotation in terms of Article 25 (3) of the Articles of Association,
as a Director of the Company.
5) Re-appoint Messrs Ernst & Young, as Auditors of the Company for the ensuing year and to authorize the
Directors to determine their remuneration.
6) Authorize the Directors to determine and make donations for the year ending 31 March 2014 and up to the
date of the next Annual General Meeting.
Change of Directorate
Ms. Dona Shyamalie Nishanthi Weerasooriya has been appointed as an Alternate Director to Mr. K D D Perera with effect from 11th November 2013.
Change of Directorate
Mr. W. D. N. H. Perera was appointed as the Alternate Director to Mr. Prashan Buddhika Perera with effect from 22nd February 2013.
Vallibel Power recognized at ACCA Sustainability Awards
Vallibel Power Erathna PLC was adjudged the First Time report winner in the Small Scale Category of ACCA Sri Lanka Sustainability Reporting Awards 2012. The Awards ceremony was held at the Cinnamon Grand Colombo on 20th February 2013. This was the 10th edition of the ACCA Sri Lanka Sustainability Reporting Awards.
Read More >> Published on Sunday Times on March 3, 2013
Interim Dividend for the year ending 31st March 2013
The Company has announced Rs.0.25 (Twenty five cents) per share, Interim (Tax Free) Dividend for the year ending 31st March 2013. The dividend payment date is 19th February 2013 and XD date is 8th February 2013. Total value of the Dividend is Rs.186.7 Million.
'VPEL grabs the Gold Award in Annual Reports Award Ceremony 2012'
Vallibel Power Erathna PLC for the consecutive year was able to win an award from The Institute of Chartered Accountants of Sri Lanka.
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'President presents National Green Awards to environment protectors and VPEL wins Bronze'
Erathna Mini Hydro Power Project has won the Bronze award in Mini Hydro Category at the National Green Awards 2012.
Read More >> Daily FT, Wednesday, 5th December 2012
Small Hydro Power Developers elect new Executive Committee
The Small Hydro Power Developers Association elected a new executive committee for the year 2012/13 at the Annual General Meeting held on 31 October 2012 at the Royal Golf Club Colombo.
Read More >> Daily FT, Monday, 12th November 2012
Vallibel Power Art Competition 2012
Vallibel Power Erathna PLC organized its first Art Competition Vidooka 2012 for the children of Erathna and Adavikanda villages and the children of its staff members, as a CSR initiative.
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Sri Lanka to construct 200 mini hydropower projects
Sri Lanka Minister of Power and Energy Patali Champika Ranawaka says that measures are in place to construct 200 mini-hydropower projects in the island.
Read More >> ColomboPage Online, Tuesday, 06th November 2012
Sri Lanka inflows to hydro power plants lowest in 20-years
Water inflows to Sri Lanka's hydro power plants up to September 2012 was the lowest in 20-years and much lower than a year earlier which was also a drought year, the island's power ministry said.
Read More >> Lanka Business Online (LBO), Friday, 05th October 2012
Small Hydro Power Association cries foul over PUCSL's move
The Small Hydro Power Association (SHPA) yesterday cried foul over the sudden withdrawal of new tariff announced by the Public Utilities Commission (PUCSL) and warned the move by regulator had put 50 MW of renewable energy at stake.
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Renewable Energy Firms
Sri Lanka renewable energy firms demand higher tariffs after depreciation.
Read More >>Wednesday, 29th August 2012
Delegation from Seychelles visits Vallibel Mini Hydro Power Plant
The delegation of senior officials of the Government of the Seychelles which accompanied His Excellency James Alix Michel,President of Republic of Seychelles on his State Visit to Sri Lanka, paid a visit to a mini hydropower project of Vallibel located at Erathna, Kuruwita.
Read More >> Lanka Business Online, Wednesday, 29th August 2012
First Quarter Results
The Company released the first quarter results for the period ended 30th June 2012 on 14th August 2012. ISO Certification
VPEL, recognizing the importance of continual growth, is in the process of obtaining the ISO certification. It has taken the initiative to establish an Integrated Management System of ISO 9001:2008 & ISO 14001:2004. An agreement was signed with Somaratna Consultants on 25th July 2012 for this purpose.
Annual Excursion of Vallibel Power Erathna Head Office 2012
This year, Annual Excursion of Vallibel Power Head Office Staff was to Trincomalee - Hotel Chaaya Blu. The excursion was on 21st and 22nd July 2012.
Vallibel Power Erathna PLC organized a training program on 5S to its staff on
30th June 2012
As an initiative towards continual improvement, Vallibel Power organized a training program on Work & Life Balance and 5S to all staff on 30th June 2012. The program was conducted by Sri Lanka Institute of Development Administration (SLIDA) at SLIDA premises. 
The Annual General Meeting of Vallibel Power Erathna PLC for year 2012 was held on 26th June 2012 at Hotel Taj Samudra Colombo
The Annual General Meeting of Vallibel Power Erathna PLC for year 2012 was held on 26th June 2012 at Hotel Taj Samudra Colombo. The meeting was chaired by the Director Mr. Nimal Perera. The meeting was concluded with an informative company profile vedio presented to all shareholders.
Tea with CEO
Vallibel is a diversified conglomerate which has invested in financing, banking, Leisure, Garments, Manufacturing industry and power sector. Under vallibel power it develops renewable energy projects to generate electricity and supplies electricity to national grid. Vallibel ventured into power generation business in early 2000 and successfully commissioned its 10MW plant in 2004, which later on went public with the record braking oversubscribing shares in year 2006, and has generated substantive profit for its shareholders. Since then vallibel has invested extensively in hydro power sector contributing more & more green energy to the nation.
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