Akthar Afzal

Chief Operating Officer at Vidullanka PLC

Akthar Afzal has a diverse work experience spanning multiple roles and companies. Akthar started their career as an Analyst at Moody's Analytics Knowledge Services, where they contributed to the creation of coverage initiation reports for various industries and built financial models.

After working at Moody's, Akthar joined Vidullanka PLC, where they held several positions. Akthar initially served as an Assistant Manager in Finance before transitioning to Manager of Business Development and Administration, where they identified and developed business opportunities in the renewable energy and engineering services sectors. Akthar was responsible for evaluating feasibility, preparing proposals, and managing support functions like HR, IT, and Administration.

Their role at Vidullanka further advanced to become Director of Business Development, where Akthar took on strategic business unit leadership and had profit and loss responsibilities. Akthar actively sought greenfield and brownfield development opportunities for capacity generation across target markets in Asia and Africa. Their work included project development, financing, implementation, and operations, as well as leading due diligence, commercial negotiations, and maintaining business relationships with relevant stakeholders.

In their most recent role at Vidullanka, Akthar was appointed as the Chief Operating Officer, although specific details regarding this role such as start and end dates are not provided.

Overall, Akthar Afzal has extensive experience in finance, business development, administration, and project management, with a particular focus on renewable energy and engineering services.

Akthar Afzal has a diverse education history that spans several years. In 2007, they attended Gateway College, although no specific degree or field of study is mentioned. From 2008 to 2010, Akthar pursued a degree in Accounting and Finance at CIMA, where they earned the title of Associate Chartered Management Accountant (ACMA, UK). Additionally, they attended CIMA again in an unspecified period of time prior to 2014, and obtained a Chartered Global Management Accountant qualification. Most recently, from 2014 to 2015, Akthar studied at the University of West London, where they completed a Master of Business Administration (MBA) with a focus on Business Administration and Management.

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Vidullanka PLC

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Vidullanka PLC is a BOI approved company incorporated in 1997, to construct and operate mini-hydroelectric power projects. The company’s first project was the Bambarabatuoya mini hydropower project, located in Ratnapura, SriLanka. The company has a 15-year power purchase agreement with the Ceylon Electricity Board and contributes 3.2 megawatts of electricity to the national grid. The Company’s second project Batatota mini hydropower project is also commissioned and connected to the national grid ,located in Kuruwita. The company has a 15-year power purchase agreement with the Ceylon Electricity Board and contributes 2.0 megawatts of electricity to the national grid. This would boost the total energy generation to 20 gegawatt hours, as against the 12 gegawatt hours available today. Vidullanka continuously researches the potential for more hydropower projects, and we constantly seek new business opportunities in this industry segment.


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