Sri Lanka’s Tokyo Cement Company (LANKA) has set up a fully-owned subsidiary to sell excess electricity from a power plant at a cement factory to the island’s national grid. The company said in a stock exchange filing the subsidiary, Tokyo Cement Power (Lanka), will start commercial operations after getting the required licences and permits from regulators.

• It said the main aim of the subsidiary is to set up and operate a power generation plant and to use power generated by it to supply to the national grid which is run by the state-owned Ceylon Electricity Board.

• Tokyo Cement is a joint venture between Nippon Coke & Engineering Company (formerly Mitsui Miningm Co.), the largest coal-mining company in Japan.
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