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| One of sites of the Power Projects of Panasian Power |
Despite upcoming ‘Power Shock’ to Sri Lanka’s electricity consumers amidst high electricity tariffs on duly arriving electricity bills and continuous torrential rains that spilled water rich irrigation system in the country, resulting in 100% high capacity hydro power generation, market sources say that one of the recently listed power companies, Panasian Power (PAP) is eyed by a bullish Indian Investor.
“They are trying to negotiate the deal for Rs.7 per share” said our exclusive market source to CSE Leaks adding that the deal will happen soon. Meanwhile Panasian Power (PAP) closed high at Rs.4.20 on 12 January 2011 as at the end of trading day.
