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::

* Sri Lanka power authority seeks international investors for Sampur power plant
Wed, Aug 13, 2014, 11:11 am SL Time, ColomboPage News Desk, Sri Lanka.

Aug 13, Colombo: Sri Lanka's power monopoly, state-run Ceylon Electricity Board (CEB) will call for tenders, from international investors, for the proposed Sampur Coal Power Plant, according to a local media report.

Sri Lanka and India finalized a deal to set up a 500 MW coal power plant at Sampur in the Trincomalee district of the Eastern Province in last October.

Sri Lanka's second coal fired thermal power plant is implemented as a joint venture of Ceylon Electricity Board and India's state-owned National Thermal Power Corporation (NTPC) through the joint venture company incorporated as Trincomalee Power Company Limited.

CEB Chairman, W.B. Ganegala has said that the selected investor will bear 70% of the cost of the coal power plant, while the CEB and the NTPC, will invest the balance, a report in Ceylon Today said.

The CEB will take a foreign loan, to cover 15% of the cost of construction of the proposed power plant while NTPC will bear the remaining 15%.

The total estimated cost of the project would be US$ 600 million.

According to CEB chairman the construction of the coal power plant will commence this year. The power generated will be transmitted to the national grid through high voltage transmission lines from Sampur through Habarana to the Veyangoda Grid Substations.

The project is expected to be commissioned by 2017. However, the CEB is reportedly still engaged in negotiations with its Indian partner.

** Related Story :: Sri Lanka, India to finalize agreement on power plant during Indian Minister\'s visit tomorrow

ColomboPage - Recent 10 Stories
Sri Lanka trade deficit widens by 20.2 percent in March 2016
-- [28 minutes ago]
New Governor for Sri Lanka Central Bank after Finance Minister returns from overseas
-- [1 hour and 6 minutes ago]
Sri Lankan parliamentarian Udaya Gammanpila released on bail
-- [8 hours ago]
Tamil Nadu coastal police bust Sri Lankan refugee trafficking racket
-- [8 hours ago]
Japan provides Rs. 2.4 billion grant aid for implementation of the Maritime Safety Capability Improvement Project
-- [8 hours ago]
FCID instructed to make arrests over investigations into companies owned by MP Namal Rajapaksa
-- [9 hours ago]
Sri Lanka's Colombo inflation rises to 6.0 percent in June 2016
Sri Lankan Prime Minister to attend the third South Asian Diaspora Convention in Singapore on July 18-19
External debt of Sri Lankan government stood at US$ 23.1 billion by the end of April 2016
Sri Lanka exports 78 tonnes of fish in a week after EU ban lifted

Copyright © 2000, 2014 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.