Mackwoods Energy focuses on the North
The Mackwoods Energy team
Positioned as a Total Energy Solutions Provider, and presently a
leader in thermal power solutions, Mackwoods Energy Ltd has an already
established presence in the North, facilitating access to power for the
community, through the provision of over 100 generator sets, backed by
24 hour -7 days a week service.
The company, which was active in the North during the conflict
period, is today taking further steps to expand and diversify its
present operations of providing total energy solutions. With this
objective, Mackwoods Energy participated in the recent Jaffna
International Trade Fair early this year, aimed at creating awareness of
the Company's diverse array of products and services, whilst identifying
potential opportunities for expansion into the area of renewable energy.
An encouraging response was received, with high interest in the
Company's products and services, which will now be followed up by the
team. Meanwhile, Mackwoods Energy will soon have a full time presence in
the North through the Mackwoods Group office which is planned to be
opened shortly. This will enable Mackwoods Energy to actively identify
and develop expansion areas particularly in the renewable energy sector
in this region. Mackwoods Energy Ltd, a member of the Mackwoods Group
with a 170 year old business heritage, is an ISO certified company.
It has over the last decade built up a strong presence throughout the
island operating in key sectors of the economy including
telecommunications, defense, finance, SME, relief and rehabilitation,
manufacturing, plantations, leisure, healthcare, construction and
infrastructure as well as operating in international markets.
The company has recently launched a Rs.350 million IPO to consolidate
existing operations and strengthen its presence in the renewable energy
sector, through expansion, initially, into mini hydro power projects.
The IPO opens on March 22 and is for 25 million shares at Rs14 each.