Lankapage Logo Recent Top Stories
CP 14 YEARS
Go Home Home Serving the Sri Lankan community globally since 2000
go to LankaPage.com

Leading News from Sri Lanka::

* Hong Kong firm to invest US$1.35 billion for LNG power project in Sri Lanka
Fri, Sep 6, 2013, 07:57 pm SL Time, ColomboPage News Desk, Sri Lanka.

Sept 06, Colombo: Hong Kong-based liquefied natural gas (LNG) power generator, Energy World International, will invest up to US$1.35 billion to establish a LNG terminal and a power plant in Sri Lanka, according to industry reports.

The firm has reportedly been granted cabinet approval last month to set up a LNG Hub Terminal in the Colombo Port.

According to the Energy World International, the LNG import receiving terminal will act as a hub for onward distribution of LNG throughout Sri Lanka.

The firm believes there is a considerable demand for LNG in Sri Lanka and estimates the demand to be 2.0 MTPA (million tonnes per annum).

Energy World Group will also develop a 600MW combined cycle gas turbine (CCGT) power station at Kerawalapitiya near the capital Colombo with the LNG supply from the terminal at the port.

The Hong Kong firm says a substantial development of this project is already underway.

ColomboPage - Recent 10 Stories
Sri Lanka to improve accidents and emergency treatment services
-- [4 hours ago]
Sri Lanka Navy delegation visits US Aircraft carrier USS Carl Vinson
-- [5 hours ago]
SriLankan Airlines launches knowledge management system
-- [5 hours ago]
Sri Lankan Prime Minister condoles the death of former Nepali Prime Minister
-- [6 hours ago]
Cairn India exits Sri Lanka oil exploration - report
-- [6 hours ago]
Sri Lanka raises tax on imported potatoes and big onions
-- [7 hours ago]
Sri Lanka's tax revenue increased 23.8% in first quarter 2015
-- [7 hours ago]
Meeting scheduled between Sri Lankan President and former President cancelled
Sri Lanka Navy, UNODC discuss preventing maritime crime in the Indian Ocean
Sri Lankan PM says proposed 19th and 20th amendments cannot be submitted to parliament together

Copyright © 2000, 2012 by LankaPage.com (LLC) :
The news and other contents on ColomboPage are copyrighted property of LankaPage.com, LLC. Any unauthorized use of any information on ColomboPage may constitute a violation of copyright laws. You need written permission to reproduce, republish, post, transmit, broadcast or distribute, material from this site from LankaPage.com, LLC. However, news organizations or broadcasters in Sri Lanka may republish the news items in ColomboPage with proper acknowledgment to ColomboPage.