☀️️ Abans Group Commissions Rs. 1.2 Bn Solar Power Plant in Pallekele

Abans Group, through its subsidiary Cleantech Ltd, has commissioned a 5 MW ground-mounted solar power plant in Pallekele, Kandy, strengthening Sri Lanka’s transition toward renewable energy and national energy security. • Investment & Ownership: Total investment of Rs. 1.2 Bn across 18.8 acres. Cleantech Ltd holds a majority 75% stake, with Clean Energy Pallekele Ltd owning the remaining 25%. • Impact: Expected to generate clean electricity for thousands of homes and businesses, contributing directly to the national grid, stabilizing power supply, and reducing reliance on fossil fuels. • Strategic Expansion: Marks a major scale-up for Cleantech Ltd following its 2024 entry into rooftop solar and EV charging infrastructure under its "Energique" brand. • Economic Context: Supports Sri Lanka’s national 2030 renewable energy targets while driving portfolio diversification for the conglomerate across sustainable infrastructure.