Sri Lankan renewable energy company Vidullanka PLC has announced that it has emerged as the lowest-cost bidder for an engineering, procurement and construction (EPC) contract to expand and upgrade a 100-kilowatt mini hydropower facility at Buca Village in Fiji.
In a disclosure to the Colombo Stock Exchange, the company said the determination was made on 19 December 2025, marking a significant step toward securing the overseas renewable energy contract, although the formal award is still pending.
Vidullanka said the development is price-sensitive, given its potential impact on future business activity and the company’s longer-term market positioning.
“The determination represents a material development for the company, subject to the formal award of the contract,” Vidullanka said in its disclosure.
The company noted that further announcements will be made once the contract is formally awarded, material agreements are executed, or there are additional developments related to the tender process.
Vidullanka also cautioned that the potential award remains subject to technical evaluations, decisions by the evaluation committee, regulatory approvals, and the successful negotiation of final terms.
If confirmed, the project would add to Fiji’s renewable energy infrastructure while expanding Vidullanka’s footprint in the Pacific region, aligning with broader regional efforts to strengthen clean and sustainable energy generation.
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