The Embilipitiya Power Plant is a USD 60 million investment, with ACE Power (Pvt) Ltd of Sri Lanka and Caterpillar Power Generation Systems (CPGS) of USA holding equal shares. CPGS required to divest a portion of their equity, and DEG of Germany the investment arm of kfW required a due diligence study to be conducted about the technical and financial status of the power plant project.
Thus RMA was appointed as the consultant to Deutsche Investitions- und Entwicklungsgesellschaft mbH – Infrastructure Department – of Germany, to conduct a due diligence study on ACE Power Embilipitiya 100 MW power plant in Sri Lanka.
The study included the evaluation of the investment and its current market value, efficiency and status of maintenance, and a review of the power purchase agreement/dispatch prospects of the power plant. Based on the RMA recommendation, the project has now been divested.