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February 08, 2016 4:14 AM ET

Electric Utilities

Company Overview of Northern Power Company (Private ) Limited

Company Overview

Northern Power Company (Private ) Limited is a power producer for a 30-Megawatt Heavy Fuel Oil Diesel Power Generating Facility. The company is based in Jaffna, Sri Lanka. As of November 9, 2007, Northern Power Company (Private ) Limited is a subsidiary of MTD Capital Bhd.



Sri Lanka

Key Executives for Northern Power Company (Private ) Limited

Northern Power Company (Private ) Limited does not have any Key Executives recorded.

Northern Power Company (Private ) Limited Key Developments

Northern Power Company (Private) Limited Announces Audited Earnings Results for the Year Ended March 31, 2014

Northern Power Company (Private) Limited announced audited earnings results for the year ended March 31, 2014. For the year, the company reported EBIT of LKR 232.8 million and profit after tax of LKR 93.3 million on revenue of LKR 1,588.3 million compared to EBIT of LKR 461.8 million and profit after tax of LKR 339.6 million on revenue of LKR 2,116.5 million reported a year ago. Revenue declined by 25.0% primarily on the account of CEB purchasing less volume in line with the merit order of Private Power Plants, as favorable weather conditions that prevailed during the year helped to boost the usage of hydro-power. The revenue was also affected by the new power plant commissioned by the CEB in Jaffna in 2013 allowing the CEB to be stringent in purchasing power from NPC and other thermal power producers.

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