LTL Holdings

LTL Holdings (Pvt) Limited

 Contents

Vision/ Mission / 1
Message from the CEO / 2 - 3
LTL Holdings at a Glance / 4 - 5
The story of LTL Holdings / 6 - 7
Lakdhanavi / 8 - 11
Offshore Projects / 12-13
Lakdhanavi Renewable / 14 -17
LTL Transformers / 18 - 21
LTL Galvanizers / 22 - 25
CSR & Environment / 26 - 27
Our Global Presence / 28

2
VISION
Be a leader and become a global force
through local engineering talent and
innovation.

MISSION
Providing futuristic, sustainable
energy solutions, through a knowledge
organization culture.

1
 Message from the CEO

LTL Holdings in its corporate journey over past 35 years had achieved robust and healthy growth to become
a leading Engineering Company in the Power Sector in Sri Lanka. Over the years, we diversified our business
into power generation, electricity infrastructure development, galvanizing and transformer manufacturing thus
covering the entire value chain of the power sector in Sri Lanka and successful in investing in power plants and
completing Engineering, Procurement and Construction (EPC) contracts in Bangladesh, Tanzania, Uganda, Kenya,
Ethiopia, and Oman.

The company’s initial business of manufacturing of transformers has grown significantly and today we manufacture
and supply Sri Lanka’s entire distribution transformer requirements while exporting 50% of the production to
many countries in the World.

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 LTL HOLDINGS

LTL Holdings is the largest independent power producer in Sri Lanka providing up to 300 MW of power to the
national grid. LTL’s fully automated Galvanizing plant provides hot dipped galvanizing for transmission towers
and other industries and capable of producing an output of 6.2 metric ton per hour to the highest international
standards.

The people of LTL Holdings are inspired to take the next leap forward of the LTL Group with their tenacity, drive,
and energy by leveraging our resources , ceaseless innovation, and application of advanced technology to achieve
our corporate goals.

Our ultimate goal focuses on maximizing the value of our stakeholders. Given the holding company structure, LTL
has achieved a greater stability while introducing uniform information management system, quality systems and
corporate governance practices within its subsidiary companies. The continuous support from our diverse board
of Directors, and line managers contribute immensely to maximize the growth in core businesses and explore key
opportunities for potential diversification.

We thank for all the support and trust kept by our customers, technical partners, suppliers, and all other
stakeholders. The confidence our customers kept on us kept us alive.

We have a clear vision for the future. We are working as a team to achieve it by building trust and confidence
among our customers, partners, employees, and shareholders to enrich lives of people around us by creating an
environmentally friendly prosperous society.

U D Jayawardana
CEO of LTL Group

3
LTL Holdings at a Glance

LTL Holdings is the leading engineering company in Sri Lanka, and is a specialist in the power sector, offering
products and services along the value chain of the industry to Sri Lanka and to other countries across the
globe. Our specialized professional services in Engineering, Procurement & Construction (EPC) and Operations
& Maintenance (O&M), coupled with hi-tech production facilities give us a leading edge and competitive advantage
in the South Asian region. We combine innovative thinking with industry best practices, to offer environmentally
and socially responsible solutions that generate maximum and sustainable returns, to all stakeholders.

The LTL Group

Lakdhanavi Limited Lakdhanavi

Renewable
100% subsidiary
Specialist in EPC and 100% subsidiary
O&M services in Thermal Specialist in EPC & O&M
Power generation services in Renewable
Power generation

LTL Holdings

LTL Galvanizers LTL Transformers

100% subsidiary 100% subsidiary

Specialist in steel Specialist in
fabrications and manufacturing
Hot dip galvanizing transformers

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 LTL HOLDINGS

Our skill base

LTL’s diversified base of specialized expertise spans the spectrum of professions from management, to engineering,
and finance. This pool of technical knowledge is amply supported by an extensive base of highly experienced
senior level professionals with many years of hands on exposure to all types of energy sector projects. This
harmonisation of knowledge gained through experience and the dynamism of youth, has created a unique creative
human resource pool that can add value and generate optimum solutions.

The LTL Group’s expertise

Engineering,
Procurement &
Construction Services

Operations &
Maintenance
services

Independent Power
Producer

Thermal & Renewable

Power Generation

Transformer
manufacturing

Steel Galvanizing
Consultancy, & Fabrications
Design &
Supervision

LTL Holdings

5
The story of LTL Holdings
1980 Lanka Transformers
Ltd is commissioned as a joint
venture between the Ceylon
Electricity Board, Sri Lanka’s
State owned energy utility and
Bonar Long of Scotland, to
facilitate technology transfer of
transformer manufacturing.
1996 LTL initiates its own
24MW power plant to sell
electricity to the national
grid under a long term
Power Purchase Agreement,
becoming the first
Independent Power Producer
in Sri Lanka.
l LTL opens automated
steel fabrication facility.
6
1988 LTL introduces 1991 LTL ventures into
a ‘100% life time galvanizing to meet domestic rural
maintenance free,’ design electrification needs.
for transformers.
1995 Power generation is
l Mr. U D Jayawardana,
liberalized, allowing private
a founding official of LTL,
investments in power plants in Sri
takes the reins as General
Lanka.
Manager.
2002 LTL’s first hydropower plant construction, the
2.2 MW Belihul Oya project, commences operations
2000 LTL under a 15 year power purchase agreement with the
commissions a Government of Sri Lanka.
second galvanizing
plant to meet 2003 LTL’s subsidiary, Lakdhanavi Ltd in
rising demand. partnership with a publicly held diversified
The new facility in conglomerate, invests to set up a 100 MW thermal
Sapugaskanda (10km power plant in Puttalam, becoming the lowest cost
from Colombo) is Independent Power Producer in Sri Lanka.
one of the largest
and most modern l LTL steps into the global arena by exporting a
gas fired galvanizing Sri Lankan made transformer to Northern Iraq
plants in South Asia. under a UN program.
 LTL HOLDINGS

2004 LTL acquires international accreditations and 2008 LTL completes the first 200MW
embarks on a global marketing campaign for international phase of the Simple Cycle by November
projects 2008.

2005 The second hydro power plant developed by LTL’s
subsidiary Lakdhanavi, is connected to the national grid.
2006 The Government of Sri Lanka (GOSL) entrusts the
design, financing and construction of Sri Lanka’s largest
thermal power plant, the 300MW Combined Cycle Power
plant , to LTL. Despite tight deadlines,
2010 Last 100 MW is included
completing the Combined Cycle operation.
The operation and maintenance contract is
awarded to LTL’s subsidiary Lakdhanavi for
25 years by the Government of Sri Lanka.

2011 Lakdhanavi wins a contract
to build two, 100MW HFO power
projects in Bangladesh. Despite
a challenging environment,
Lakdhanavi completes both projects
within 7 months, establishing
its reputation in the region for
Engineering, Procurement &
Construction [EPC].
2012 LTL initiates its first
wind power project with the
10MW Pawandhanavi plant,
in the western coast of Sri
Lanka. The wind project is
commissioned in just under
6 months and is one of the
most successful projects of the
Company.
2013 Lakdhanavi builds and
commissions a 24MW thermal power
plant in Jaffna in an impressive 185
days, setting the benchmark for EPC
projects.
2014 Lakdhanavi constructs two,
52.2 MW, HFO power plants in Natore
and Comilla, for the Bangladesh Power
Distribution Board (BPDB), under a 15
year contract with the Government of
Bangladesh.

7
CEO’s Message

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Lakdhanavi
Lakdhanavi is Sri Lanka’s first and largest
independent power producer and Sri
Lanka’s largest Engineering, Procurement
& Construction [EPC] contractor and O & M
contractor, for major power projects, including
combined cycle power plants, diesel engines
based power plants, mini hydro power plants
and wind power plants. The company has also
made its mark globally.

Lakdhanavi Limited provides tailor-made

turnkey power plant solutions within the
entire plant life cycle. It has proven track
record of operation in South East Asia,
Middle East & Africa within the last decade.
Lakdhanavi Limited

We undertake the following assignments on Coal fired Power Plants, Combined Cycle Power Plant, Diesel Engine
power plants of any capacity

1. Develop ,Design, Finance, Insure, Construct ,Commission ,Own, Operate & Maintain on BOO or BOOT basis

2. Engineering, Procurement & Construction [EPC] Contract

3. Operation & Maintenance (O & M) contract

4. Technical service of all aspect of power plant operation and maintenance

5. Dismantle & relocation of power plants

Track Record

Since the construction of its first power station in

1997, Lakdhanavi has set an impressive track record Awards & Quality Certification
in Sri Lanka and abroad.

l Completed the 15 year, Build Own & Operate

(BOO) contract for the Sapugaskanda power
plant in Sri Lanka, a 24MW diesel plant, built in
1997.

l Completed the EPC contract and a 10 year

O & M contract for the 100MW Heladhanavi
power plant at Puttalam, Sri Lanka. Since
commissioning in 2004, Lakdhanavi has
overseen.

l EPC and O & M Contract for Yugadhanavi

300MW Multi Fuel combined cycle power.

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 LTL HOLDINGS

l Within the last two decades, Lakdhanavi has constructed and operated emergency power plants at
Sapugaskanda, Embilipitiya and Puttalam, in Sri Lanka, in capacities ranging from 20MW to 40MW.

l Lakdhanavi Completed EPC construction of 24 MW power plant in Chunnakam, Jaffna.

l Lakdhanavi Limited has diversified its presence in multiple fuel sources and is now expanding towards
capacities beyond 500 MW. From EPC services to O&M services, Lakdhanavi Limited has established its
name in local as well as overseas power markets.

24 MW Lakdhanavi Power Plant - Sapugaskanda, Sri Lanka.

100 MW Heladhanavi Power Plant - Puttalam, Sri Lanka. Prudent Engineering Practices in Operations & Maintenance

300 MW multi fuel, combined cycle- Kerawalapitiya, Sri Lanka. 24 MW Power Plant - Chunnakam, Construction of Emergency Power Plant -
Jaffna, Sri Lanka Embilipitiya

11
Offshore Projects

With international expansion opportunities opening

up , Lakdhanavi made a strategic decision to move
into the international arena during the last decade
by leveraging its strong local identity, excellent track
record and experience, in large scale power projects.

In Bangladesh, Lakdhanavi executed EPC contracts to

construct heavy furnace oil power plants. The Company
was also awarded the Operations & Maintenance
(O&M) contract for some of these power plants.

l Lakdhanavi has completed the EPC contracts for

two 100MW power plants (Meghnaghat IEL and
Dutch Bangla) in Bangladesh.

l Lakdhanavi was the EPC contractor for the 52 MW

Raj Lanka power plant, and the 52 MW Lakdhanavi
Bangla power plant in Bangladesh. The 15 year
O & M contract of the Raj Lanka plant and the
100 MW Power Plant - Shiddhirganj, Bangladesh
Lakdhanavi Bangla power plant are operated by
Lakdhanavi Ltd.

Power installations to the capacity of 52 MWs were

constructed in Bangladesh on a Build Own and Operate
(BOO) scheme for 15 years, and are now generating
power for the Bangladeshi National Electricity Grid,
under the ownership of LTL Holdings

The 52 MW power plant in Comilla, Bangladesh has

made Lakdhanavi’s international reputation, for
successful implementation of dual fuel operational
schemes (HFO/Gas) in Bangladesh.

In the Sultanate of Oman, LTL has collaborated with

the Ministry of Defence in constructing a power plant.

In Nigeria, LTL has been involved in the provision of

emergency power.

100 MW Power Plant Meghnaghat - Bangladesh

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 LTL HOLDINGS

52 MW Lakdhanavi Bangla Power Plant - Comilla, Bangladesh

52 MW Raj Lanka Power Plant - Natore, Bangladesh Emergency Power Plant Sultanate of Oman

13
CEO’s Message

14
Lakdhanavi
Renewable
Lakdhanavi Renewable, the renewable
power projects arm of Lakdhanavi Ltd,
pioneered the renewable energy industry
in Sri Lanka. The Company has to date
developed and delivered some of the most
innovative improvements and approaches
to the technical, commercial, and execution
aspects of the renewable energy sector.
The Company undertakes turnkey EPC
contracts both locally and internationally.

Lakdhanavi Renewable is equipped with

state of the art engineering software such
as PVsyst, Steam Pro and WAsP and has
continuous access to global developments
in the field of renewable energy through
its senior level network of contacts
spanning major European and Asian
manufacturing organizations. Access to
specialized knowledge networks promote
collaborations that lead to highly cost
effective innovations.
Lakdhanavi Renewable

Track Record

Lakdhanavi Renewable is the foremost Renewable Power

EPC Contractor in Sri Lanka and is expanding its arms to
the international arena

l LTL’s first Hydro Power Station the 2.2 MW Belihuloya

power plant commences operations in 2002.

l The 4 MW Nividhu Asupiniella power plant commences

operations in 2005

l LTL expands its renewable diversification by entering

into Wind Power Generation in 2011 by constructing 10
MW Pawandhanavi Power Plant in Puttalam, Sri Lanka
2.2 MW Belihuloya Power Plant

Areas of expertise

l Executing feasibility studies for hydro power, wind

energy, solar energy, biomass energy and waste to
energy, projects

l Turnkey integrated EPC solutions for hydro power,

wind power, solar power, biomass energy and waste to
energy projects, including the following Power House of Belihuloya Power Plant

 Site selection, including soil investigations

 Environmental Impact Assessment (EIA) / Initial

Environmental Examination (IEE) studies

 Conceptual and detailed engineering designs

for civil, mechanical, electrical, control and
instrumentation work of power plants

 Procurement management

4 MW Nividhu Asupiniella Power Plant

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 LTL HOLDINGS

 Construction, erection, commissioning and

site management

 Project management

 Plant commissioning, start up, operations

and maintenance

Value additions :

 Long-term, senior-level relationships with key

European and Asian manufacturing organizations
to promote collaboration and innovation to reduce
cost

 Availability of state of the art engineering software

such as PVsyst, Steam Pro, WAsP

10 MW Pawandhanavi Power Plant - Puttalam

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18
LTL Transformers
LTL Transformers was established in 1982,
as a joint venture of Ceylon Electricity Board
the Power Utility of Sri Lanka and European
investors initially to produce an indigenous
transformer. The Company’s production line
initially developed with an ongoing Technical
Collaboration Agreement with ABB AS of
Norway and then moved forward with our
own technology. Today the Company’s state
of the art production facilities manufacture
very high quality transformers conforming to
international standards and meet the entire
Sri Lankan requirement while about 50% of
its production are exported.

Over the time the production capacity

expanded to 5MVA Power Transformers
including special transformers such as
Earthing, Dual Ratio, Isolation, Auto, Rectifier
Transformers, Switchgear Panels, Package
Substations and a host of others.
LTL Transformers

Product range

Power & Distribution Transformers:

l Capacity from 5 kVA up to 5000 kVA

l Varying voltages up to 33 kV
l Frequency: 50/60 Hz or as per customer
requirements
l Tap Types: Off Circuit Tap links/Off Circuit Tap
Changer/On Load Tap Changer
l Temperature Rise: as per customer requirements.
l Silicone/Mineral Oil or other fluids filled
Transformers as per customer specifications.
Biodegradable oil is also available for LTL Transformer Factory in Angulana, Sri Lanka
environmentally sensitive areas.
l Cooling: ONAN / ONAF KEMA Certification

Tank and Cooling designs:

l Hermetically Sealed type Transformers with

corrugated tanks (fin walls)
l Hermetically Sealed type Transformers with gas
cushions
l Conservator type Transformers with free
breathing Compact and Package Substation with
Transformer
l Oil immersed Transformers up to 2000kVA ; 33kV

Special Transformers:

l Rectifier / Converter Duty Transformers

l Earthing / Grounding Transformers
l Isolation Transformers
l Completely Self Protected Transformers
l Dual Voltage Ratio Transformers
l Multi Winding Transformers
l Auto Transformers

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 LTL HOLDINGS

l Low Voltage Air Cooled Transformers

l Pad Mounted Transformers (Dead Front) as
per ANSI standards.

Our Support Services

l Transportation, Installation, Commissioning

and Testing of Power Transformers up to
220 kVA/150 MVA at Power Plants, Grid
Substations, etc, together with associated
protection and firefighting systems
l Oil filtration and oil testing in transformers up
to 150 MVA
l Maintenance of Power Installations in
Industrial and Commercial Buildings , Power
Utilities, Hospital Complexes and other
such institutions under Annual Maintenance ISO Certification
Contract or other terms as required by
customers
l Repairs of Distribution Transformers MANAGEMENT SYSTEM
CERTIFICATE
MANAGEMENT SYSTEM
CERTIFICATE

Hiring of transformers for emergency short

Certificate No: Initial certification date: Valid: Certificate No: Initial certification date: Valid:

l
184442-2015-AQ-LKA-RvA 13, August, 1997 13, August, 2015 - 12, August, 2018 184445-2015-AE-LKA-RvA 11, January, 2007 13, August, 2015 - 12, August, 2018

This is to certify that the management system of This is to certify that the management system of

LTL Transformers (Pvt.) Ltd. LTL Transformers (Pvt.) Ltd.

term requirements as substitutes (A subsidiary of LTL Holdings (Pvt.) Ltd.)

No. 154/11, Railway Station Road, Angulana, Moratuwa, Sri Lanka
and the sites as mentioned in the appendix accompanying this certificate
(A subsidiary of LTL Holdings (Pvt.) Ltd.)
No. 154/11, Railway Station Road, Angulana, Moratuwa, Sri Lanka
and the sites as mentioned in the appendix accompanying this certificate

has been found to conform to the Quality Management System standard: has been found to conform to the Environmental Management System standard:
ISO 9001:2008 ISO 14001:2004

This certificate is valid for the following scope: This certificate is valid for the following scope:
Design, manufacture and repair of transformers & switchgear panels Design, manufacture and repair of transformers & switchgear panels

Manufacture of Components for transformers & switchgear panels Manufacture of Components for transformers & switchgear panels

Place and date: For the issuing office: Place and date: For the issuing office:
Chennai, 11, August, 2015 DNV GL – Business Assurance Chennai, 11, August, 2015 DNV GL – Business Assurance
ROMA, No. 10, GST Road, Alandur, ROMA, No. 10, GST Road, Alandur,
Chennai, PIN - 600 016, India Chennai, PIN - 600 016, India

Sivadasan Madiyath Sivadasan Madiyath

Management Representative Management Representative

Lack of fulfilment of conditions as set out in the Certification Agreement may render this Certificate invalid.
ACCREDITED UNIT: DNV GL Business Assurance B.V., ZWOLSEWEG 1, 2994 LB, BARENDRECHT, NETHERLANDS. TEL:+31102922689. Lack of fulfilment of conditions as set out in the Certification Agreement may render this Certificate invalid.
assurance.dnvgl.com ACCREDITED UNIT: DNV GL Business Assurance B.V., ZWOLSEWEG 1, 2994 LB, BARENDRECHT, NETHERLANDS. TEL:+31102922689.
assurance.dnvgl.com

MANAGEMENT SYSTEM
CERTIFICATE
Certificate No: Initial certification date: Valid:
184414-2015-HSO-LKA-DNV 31, December, 2009 13, August, 2015 - 12, August, 2018

This is to certify that the management system of

LTL Transformers (Pvt.) Ltd.

(A subsidiary of LTL Holdings (Pvt.) Ltd.)
No. 154/11, Railway Station Road, Angulana, Moratuwa, Sri Lanka
and the sites as mentioned in the appendix accompanying this certificate

has been found to conform to the Occupational Health and Safety Management
System standard:
OHSAS 18001:2007

This certificate is valid for the following scope:

Design, manufacture and repair of transformers & switchgear panels

Manufacture of Components for transformers & switchgear panels

Place and date: For the issuing office:

Chennai, 11, August, 2015 DNV GL – Business Assurance
ROMA, No. 10, GST Road, Alandur,
Chennai, PIN - 600 016, India

Sivadasan Madiyath
Management Representative

Lack of fulfilment of conditions as set out in the Certification Agreement may render this Certificate invalid.
ACCREDITED UNIT: DNV GL Business Assurance India Private Limited, ROMA, No. 10, GST Road, Alandur, Chennai, PIN - 600 016, India.

21
CEO’s Message

22
LTL Galvanizers
From the humble beginnings of a leading
Engineering company, startup almost 24
years ago, several expansions, and several
acquisitions, LTL Galvanizers has risen to
become the premier Steel Fabrication &
Hot Dip Galvanizing company in Sri Lanka.

With its ultra-modern machineries &

technologies, LTL Galvanizers provide
services to a diverse range of industries
and is renowned for liaising with
customers to deliver the best solution
for each project. As part of the LTL
Holdings (Pvt) Ltd, LTL Galvanizers has
the expertise, capacity and resources
to handle the most demanding project,
providing outstanding customer service
using highest quality material and
processes.

The company prides itself on being a

leader in both material manufacturing and
process innovation. As a representation
of the synergy between industry and
environment, LTL Galvanizers dedicated to
continuous innovation and strive to provide
a reliable and sustainable product.
LTL Galvanizers

Manufacturing Expertize

l Structures required in power transmission &

distribution
Substations, Towers, Cross arms
l Heavy & Medium scale pre-fabricated building
structures
Ware houses, pipe racks, Ladders & stairways,
Handrails & Gratings
l Communication towers
Telecommunication towers, Radio towers,
Television masts
l Highway & Railway structures
Bridges, Fences, Sign board structures, light
posts, Crash barriers
Awards & Quality Certification

Fabrication of Steel Towers & Structures

LTL Galvanizers (Pvt) Ltd is furnished with ultra-

modern CNC machineries and has a manufacturing
capacity of 2,000 MT per month. Machineries include
CNC Angle punching machines, CNC plate punching
machines, CNC profile cutters, Semi-automatic plate
shearing machines, and many other automatic and
manually operated types of machinery. The company
has proficiency in supplying customized steel structures
according to the customer requirement.

Hot Dip Galvanizing

The Galvanizing facility is equipped with state-of-the-

art plant and machinery from LOI-Thermoprocess
of Germany, and updated regularly with the latest
technologies as at today. The total production capacity
of the plant is 2,500 MT per month.

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 LTL HOLDINGS

Galvanizing process is in accordance with the BS EN

ISO 1461:2009 standard and also can be customized
to conform with ASTM, AS, JIS and DIN standards.

Bath 01 (Steel Bath)

Dimensions Length : 7.0 m

Width : 1.3 m
Depth : 2.1 m
Capacity 5,000 kg/hr
Maximum length can dip 13.5 m
Bath 02 (Ceramic Bath)

Dimensions Length : 3.0 m

Width : 0.8 m
Depth : 1.2 m
Capacity 1,200 kg/hr

Major Projects Completed Recently

132 kV Vavuniya - Kilinochchi Transmission

Line
132 kV Clean Energy Access Improvement
Project Transmission Lines and Grid
Substations
33 kV Rural Electrification Project Uganda

25
CSR & Environment

Social responsibility is a core governance principle at

LTL Holdings. All our operational activities take into
account potential social and environmental impacts,
to minimize negative outcomes and maximize overall
benefits. As an element of this business philosophy of
minimum harm, LTL also conducts many social welfare
projects.

Contributing to society

We believe in meaningful social contributions, that

promotes overall social welfare. Over the years, the
Company has generously extended its expertise
towards public lighting systems and other public health
and welfare activities, under this principle of uplifting
overall social benefits. Lighting Ruwanweliseya Stupa Anuradhapura, Sri Lanka
(2500 years old heritage)

These activities include lighting up many historic

religious locations in Sri Lanka, including the ancient
Ruwanweliseya Stupa, the Sri Maha Bodhiya and
Lankaramaya.

Construction of a special ward with all medical facilities

at Lady Ridgeway Childrens Hospital in Sri Lanka

The Company also contributes to many other social

welfare programs on a regular basis.
Lighting Sri Maha Bodhiya Anuradhapura, Sri Lanka
(2500 years old heritage)

Constructed special ward with all medical facilities at Lady Ridgeway Childrens Hospital in Sri Lanka

26
 LTL HOLDINGS

Environmental responsibility

Environmental conservation is a core element of

our business, and has fuelled our drive to become a
leading innovator in renewable energy production.
Our efficient energy solutions contribute towards
conservation of natural resources, and reducing
the energy carbon footprint through the use of
renewable energies.
100 MW Heladhanavi Power Plant Premises

27
Our Global Presence
LTL HOLDINGS
LTL Holdings (Pvt) Ltd
67, Park Street, Colombo 02, Sri Lanka
Telephone : +94 (0) 112 695 007
Fax: +94 (0) 112 684 900
Email : info@ltl.lk
www.ltl.lk