Midwest Gold Limited has established a wholly-owned subsidiary in Sri Lanka named GOOD ENERGY (PVT) LTD, focusing on renewable and clean energy, signaling its commitment to international growth and sustainability. The move expands Midwest’s footprint in the evolving renewable energy sector.
Midwest Gold Limited has announced the incorporation of a new wholly-owned subsidiary, “GOOD ENERGY (PVT) LTD,” in Sri Lanka, marking a strategic expansion into the renewable energy sector. The company set up this new entity with a share capital of LKR 300 million, focusing on renewable and clean energy, as well as battery energy storage systems.
Major Takeaways
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This move is part of Midwest Gold’s geographic expansion and diversification into the renewable energy market in Sri Lanka.
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The new subsidiary is 100% owned by Midwest Energy Private Limited, a wholly-owned subsidiary of Midwest Gold Limited.
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No regulatory approvals or acquisition costs are specified, as this is a corporate structuring step.
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The incorporation is in line with their long-term strategic plans to explore opportunities in sustainable energy sectors.
Key Highlights
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Symbiotic corporate structure: Midwest Gold has created this subsidiary to tap into Sri Lanka’s renewable energy opportunities.
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Sector focus: Renewable energy, clean energy, and battery storage systems.
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Company background: Incorporated on November 27, 2025, in Sri Lanka, with no current turnover, reflecting early-stage investment.
Source: Announcements from Stock Insights, Market Screener, and official company disclosures to the Stock Exchanges